Business Standard

Musk's Twitter will be different; chaos of deal just preview of what's next

Musk has already axed much of Twitter's leadership team, including its chief executive officer, and plans to be CEO himself in the immediate term, according to people familiar with the matter

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Photo: Bloomberg

Kurt Wagner | Bloomberg
After five months of mudslinging between Elon Musk and Twitter Inc., in court and otherwise, the mercurial billionaire finally owns the social network. The chaos of the deal was only a preview of what’s to come.
 
Musk has already axed much of Twitter’s leadership team, including its chief executive officer, and plans to be CEO himself in the immediate term, according to people familiar with the matter. Public shareholders are cashing out and passing ownership to a hodgepodge of investors that, besides Musk, include Oracle Corp.’s Larry Ellison and Qatar’s sovereign wealth fund. The company will stop reporting its financials

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First Published: Oct 30 2022 | 1:20 PM IST

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