It happened: Elon Musk officially owns Twitter



Tesla and SpaceX CEO Elon Musk has closed his $44 billion acquisition of social media startup Twitter on Thursday. The former CEO was accused of “left-wing bias” over her role in policy decision-making at the company. The case against Musk is expected to be heard in the Delaware Court of Chancery. Notably, Tesla and SpaceX had earlier declared their intent to buy Twitter for $44 billion


TeslaとSpaceX CEOのElon Muskは、木曜日にソーシャルメディアスタートアップTwitterの440億ドルの買収を閉鎖しました。元CEOは、会社での政策意思決定における彼女の役割について「左翼の偏見」で告発されました。ムスクに対する訴訟は、デラウェア州チャンスの裁判所で聞かれると予想されています。特に、TeslaとSpaceXは以前にTwitterを440億ドルで購入する意図を宣言していました


It’s for real this time. After months of legal drama, bad memes and will-they-or-won’t-they-chaos to put your favorite rom-com to shame, Elon Musk has closed his $44 billion acquisition of Twitter. Musk sealed the deal Thursday night, taking Twitter private and ousting a handful of top executives — CEO Parag Agrawal included — in the process.

今回は本物です。数ヶ月の合法的なドラマ、悪いミーム、そして彼らはあなたのお気に入りのrom-comを恥ずかしくさせるために彼らの意志を持っているかどうかの後、エロン・マスクは彼の440億ドルのTwitterの買収を閉じました。Muskは木曜日の夜に契約を封印し、Twitterをプライベートに取り、CEOのParag Agrawalを含む一握りのトップエグゼクティブを追放しました。

Musk reportedly cleaned house on Thursday, firing CFO Ned Segal, Head of Legal, Policy and Trust Vijaya Gadde and General Counsel Sean Edgett right out of the gate. Though it’s still an aggressive and abrupt Day One move, Agrawal was inevitable, given his well-documented clashes and a failed virtual meeting with Musk. It’s also no surprise that Gadde was among the first to go, in spite of being a well-respected figure in the company. Musk previously singled out the top executive with accusations of “left wing bias” over her role in policy decision making at Twitter, driving a wave of racist hate and harassment her way.


The road to take Twitter private has been a rocky one. Musk first began flirting with the idea of owning Twitter in early April, when he bought 9.2% of the company for $3 billion. But he didn’t stop there. Less than 10 fateful days later, the Tesla and SpaceX CEO declared his intent to buy Twitter for $44 billion. Twitter accepted, but Musk soon got cold feet and pulled out all the stops to get out of the deal, landing the parties in the Delaware Court of Chancery. After enduring some embarrassing pre-trial discovery and facing a swiftly approaching date for his deposition, Musk announced that he would follow through after all.


It’s not immediately clear why Musk backtracked, agreeing to buy Twitter after all. It’s possible that Musk and his legal team read the tea leaves on their coming trial, which was originally set to begin on October 17. Twitter sued Musk over the summer to force the Tesla and SpaceX CEO to follow through with the deal. Musk countersued Twitter in response, making unfounded claims that the company mislead him about the number of automated accounts on the platform — a number that is critical for advertisers and brands who want human eyeballs on their paid ads.

マスクがバックトラックした理由はすぐにはわかりません。マスクと彼の法務チームは、当初10月17日に始まる予定だった彼らの来るべき裁判で茶葉を読んだ可能性があります。Twitterは夏にMuskを訴え、TeslaとSpaceX CEOに契約をフォローするように強制しました。マスクはそれに応じてTwitterに反論し、会社がプラットフォーム上の自動アカウントの数について彼を誤解させるという根拠のない主張をしました。これは、有料広告で人間の眼球を望む広告主やブランドにとって重要な数です。

As litigation between Musk and Twitter ramped up, Delaware Chancery Court Judge Kathaleen McCormick made it clear that she wasn’t here to humor Musk’s erratic shenanigans. In early October when Musk announced, again, that he would buy Twitter if he could kill the upcoming trial, Judge McCormick only agreed if Musk could close the deal by Friday, October 28. If he had missed the deadline, we’d all be looking at a fresh Musk/Twitter trial date set for November.


On this, the first day that Elon Musk officially owns Twitter, it’s also not clear which direction Musk plans to take the platform. The chaotic and often contradictory billionaire has in the past promised to restore former President Trump’s account, rid the platform of all automated bots, which personally bother him as one of the most followed users on the platform (good luck), and touted Twitter’s potential as a neutral ground square and a counterbalance to his complaints about traditional media outlets, which at times do not report on his goings-on favorably.

これについては、Elon MuskがTwitterを公式に所有している最初の日には、Muskがプラットフォームを受講する予定の方向も明確ではありません。混oticとしてしばしば矛盾した億万長者は、過去にトランプ大統領のアカウントを回復し、プラットフォームのプラットフォームを取り除くことを約束していました。ニュートラルな地面の広場と、伝統的なメディアアウトレットに関する彼の苦情との相殺。それは時には彼の出来事について好意的に報告しません。

In reality, Twitter is a struggling yet incredibly prominent platform, one where heads of state and hardcore porn regularly intermix and one that, after a long phase of stagnation, had finally begun to introduce improvements to its products and policies. It remains to be seen if Musk will turn back the clock on those experiments or see some through while claiming to reinvent the wheel (monetizing creators, certainly an original idea!), but it’s difficult to imagine how he can accomplish any of his goals while potentially gutting the company’s workforce. Musk’s denial of reports that he plans to cut 75% of Twitter’s staff is far from reassuring, considering that laying off a third or half of employees would still cost thousands of workers their jobs.


Musk has also talked a big game about turning back Twitter’s moderation and platform safety efforts, but he seemed to suddenly realize how this might make advertisers intensely skittish, publishing a letter reassuring them on Thursday. “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” he wrote, backtracking on his promises to make Twitter a free-for-all hellscape.


We don’t know what the future has in store for one of the world’s biggest social networks but we do know that Musk has accomplished what once was unthinkable, taking control of Twitter for $44 billion. But the conclusion to the monthslong saga is just the beginning of a new chapter of uncertainty at Twitter, raising a million questions about what the platform is actually worth, what it’s for and what, exactly, he plans to do with it.