Elon Musk now answerable for Twitter, CEO and CFO have left, sources say

Tesla CEO Elon Musk is now answerable for Twitter, CNBC’s David Faber reported on Thursday.

Twitter CEO Parag Agrawal and chief monetary officer Ned Segal have left the corporate’s San Francisco headquarters and won’t be returning.

Musk had till Friday to finish his $44 billion acquisition of Twitter or face a court docket battle with the corporate.

In April, Twitter accepted Musk’s proposal to purchase the social media service and take it non-public. Only a few months later, nonetheless, Musk started sowing doubt about his intentions to purchase Twitter and would allege that the corporate didn’t adequately disclose the variety of spam and pretend accounts on the service.

When Musk mentioned he was terminating the deal, Twitter sued the billionaire, alleging that Musk “refuses to honor his obligations to Twitter and its stockholders as a result of the deal he signed now not serves his private pursuits.”

The billionaire additionally wrote a message on Thursday meant to reassure advertisers that social messaging providers would not devolve into “a free-for-all hellscape, the place something will be mentioned with no penalties!”

“The explanation I acquired Twitter is as a result of you will need to the way forward for civilization to have a standard digital city sq., the place a variety of beliefs will be debated in a wholesome method, with out resorting to violence,” Musk mentioned within the message. “There may be at present nice hazard that social media will splinter into far proper wing and much left wing echo chambers that generate extra hate and divide our society.”

Musk arrived on the Twitter headquarters earlier this week carrying a sink, and documented the occasion on Twitter, saying “Getting into Twitter HQ – let that sink in!”

The Tesla chief additionally up to date his Twitter description to “Chief Twit.”

This story is creating, please verify again for updates.