Elon Musk formally acquires Twitter and fires top managers

Elon Musk formally acquires Twitter and fires top managers

Billionaire Elon Musk completed the $44 billion acquisition of Twitter Billionaire Elon Musk completed the $44 billion acquisition of Twitter late Thursday evening, and his first step after completing the deal was to dismiss the social media company's top leadership, which he accused of misleading him about the number of spam accounts on the platform. The CEO of electric car maker Tesla said he wants to "defeat" Twitter spam bots, make the algorithms that determine how content is delivered to its users publicly available, and prevent the platform from becoming an echo chamber of hate and division, even as it curbs censorship. However, Musk did not provide details on how he would achieve all this and who would run the company. He said he plans to cut jobs, leaving about 7,500 Twitter employees worried about their future. He also said Thursday that he did not buy Twitter to make more money but to "try to help the humanity that I love." dismissals Informed sources told…