Elon Musk, who bought social media giant Twitter, said he was looking for a leader to run Twitter to cut down on the time he wasted.
Elon Musk, who makes headlines every day for his posts on his Twitter account, came to the fore yesterday with his tweet. Elon Musk has announced that he plans to cut back on his time on Twitter and find a new leader over time.
Elon Musk agreed to buy Twitter last April but put the deal on hold in May. As a result of long-standing disagreements and mutual bickering between Twitter and Musk, the billionaire unilaterally terminated the agreement in July, and Twitter went to court.
BOUGHT TWITTER AFTER MONTHS OF DISCUSSION
Ahead of the trials, which are expected to begin in November, the presiding judge ruled in Musk’s favor and gave Musk until October 28. By that date, Musk will either buy Twitter or start a lawsuit. The day before the deadline, Musk, who walked into Twitter headquarters with a shell in hand, completed the $44 billion purchase of social media giant Twitter, as agreed. However, if the lawsuit had begun, Musk would most likely have lost the case, lawyers say. Maybe that’s why Musk sat down at the Twitter table again.
Musk, who was clear from the start that he would make sweeping changes to Twitter, first fired four top executives, including CEO Parag Agrawal, before dissolving the board days later and taking over as sole manager of Twitter. In the weeks that followed, the company laid off half of its employees.
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