Elon has become a Chief Twit after Sinking into the Twitter HQ

Elon Musk, CEO of Tesla and the world’s richest man, took control of Twitter on October 27th after completing a $44 billion acquisition of the social network, ushering in an uncertain new chapter for the platform at the heart of the political and media lives of the US and many other countries.

“The bird is freed” is what Elon Musk has tweeted to confirm his takeover of Twitter.

the bird is freed

— Elon Musk (@elonmusk) October 28, 2022

According to media sources, the new boss ousted CEO Parag Agrawal and two other executives, chief financial officer Ned Segal and top legal officer Vijaya Gadde, after months of upheaval.

Elon Musk had until Friday to finalize the deal of the social network, or else a trial would have been held in November.

Elon’s Twitter Bio: “Chief Twit”

The campaign to purchase the social network dragged on since the end of April when Twitter decided to accept a $44 billion takeover bid. The entrepreneur attempted to leave unilaterally in early July, accusing the firm of lying to him about the platform data, but the board of directors launched legal action.

Elon Musk ultimately agreed to finalize the acquisition at the initial agreed-upon price at the beginning of the month, just days before the start of a lawsuit that Twitter appeared to be on course to win.

On Wednesday, he visited Twitter headquarters in San Francisco and changed his profile name to “Chief Twit” – “twit” denotes “a silly or foolish person” in English. He has also tweeted, “Entering Twitter HQ – let that sink in!” along with a video of him carrying a sink into the HQ.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

Elon previously stated his ambitions for Twitter, which range from addressing and fixing the spam problem to transforming Twitter into an all-in-one platform comparable to WeChat in China.

Elon Musk, Tesla & Bitcoin

Tesla does not appear to have sold any of its Bitcoin holdings after cashing out 75% of its holdings in July. Elon Musk stated on the earnings call at the time that the company sold Bitcoin to maximize cash flows in the face of COVID uncertainty. He also stated that this should not be viewed as a verdict on Bitcoin.

Crypto Twitter (communities that actively interact with crypto-related subjects) is expecting Elon Musk would boost crypto adoption with Twitter, although he has yet to make any comments on the matter.