Elon Musk acquires Twitter, sacks CEO

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KRAKOW, POLAND - 2018/10/29: In this photo illustration, the Twitter logo is seen displayed on an android mobile phone. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)

Elon Musk, the owner of Twitter, has sacked Twitter’s CEO Parag Agrawal and a few other top executives after acquiring the platform for $44 billion.

The Twitter executives sacked on Thursday included Ned Segal, the chief financial officer, Vijaya Gadde, the top legal and policy executive, and Sean Edgett, the general counsel at Twitter since 2012.

Mr Musk completed his takeover of Twitter before the end of the court-imposed deadline of October 28.

Mr Musk spoke to Twitter’s advertisers about the platform’s future on Thursday, saying he does not want the platform to become a “free-for-all-hellscape where anything can be said with no consequences.”

Mr Musk said he planned to reverse the permanent bans of accounts previously removed from the platform for violating its rules.

“In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences,” he tweeted. “Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise … Let us build something extraordinary together.”