Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Elon Musk Twitter Deal Completed, CEO and CFO Immediately Fired
WSJ ^ | October 28 2022 | Lauren Thomas

Posted on 10/27/2022 10:36:53 PM PDT by SmokingJoe

Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially broad change.

Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after the deal closed, the people said. Mr. Musk also fired Vijaya Gadde, Twitter’s top legal and policy executive, and Sean Edgett, general counsel. Spokespeople for Twitter didn’t comment.

Hours after those actions, Mr. Musk tweeted: “the bird is freed” in a seeming reference to Twitter, which has a blue bird as its logo.


Vijaya Gadde

Mr. Musk first agreed to buy Twitter in April for $44 billion, then threatened to walk away from the deal, before reversing course again this month and committing to see through the acquisition. He previously indicated unhappiness with some of the top ranks at Twitter, at one point responding to a tweet from Mr. Agrawal with a poop emoji. He also used the site to mock Ms. Gadde, the top legal boss, tweeting an image overlaid with text that repeated allegations Twitter had a left-wing political bias.

It wasn’t immediately clear who would step into the top positions left vacant by Thursday’s exits. CNBC earlier reported the departures of Mr. Agrawal and Mr. Segal.

The deal, in which Twitter will again become a private company, adds to Mr. Musk’s expansive business reach, which also includes running Tesla Inc., the world’s most-valuable car company, and rocket company Space Exploration Technologies Corp., or SpaceX, among other endeavors. Mr. Musk, who had become Twitter’s largest individual shareholder, previously said he would pay for the acquisition mostly with cash, some contributed by co-investors, and $13 billion in debt.

(Excerpt) Read more at wsj.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: elonmusk; musk; truthsocial; twitter
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 next last
To: SmokingJoe

Those three, Agrawal, Gadde and Segal, have done more damage to this country than any foreign army could have done, IMO.

Agrawal and Gadde are nothing but Indian-born leftists how have directly and indirectly (Gadde’s father) reaped the benefits of student visas.

Probably the best thing Musk could have done firing them.


21 posted on 10/27/2022 11:11:53 PM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: SpaceBar

Yeah, and in 6 months she’d have everything you own.


22 posted on 10/27/2022 11:13:19 PM PDT by Gaffer
[ Post Reply | Private Reply | To 8 | View Replies]

To: Gaffer

Agree with all that.


23 posted on 10/27/2022 11:17:11 PM PDT by SmokingJoe ( )
[ Post Reply | Private Reply | To 21 | View Replies]

To: Gaffer
When you have time, watch this. A bit long, 3 1/2 hours.

Joe Rogan Experience #1258 - Jack Dorsey, Vijaya Gadde & Tim Pool

https://www.youtube.com/watch?v=DZCBRHOg3PQ

24 posted on 10/27/2022 11:20:28 PM PDT by SmokingJoe ( )
[ Post Reply | Private Reply | To 21 | View Replies]

To: Truthsearcher

The article parses it as “Debt”.
“Debt” does not seem an accurate word for secured by other assets.


25 posted on 10/27/2022 11:21:20 PM PDT by Ex gun maker. (Free thinking is now a radical concept, I will not be assimilated by PC or EV groupthink!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Ex gun maker.

“In a sane world “Paying” with debt would be impossible as it is not “Payment” at all.”

So you never bought a house by using a mortgage?


26 posted on 10/27/2022 11:22:22 PM PDT by Pelham (World War III will be fought with nuclear weapons. World War IV will be fought with rocks & sticks.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: SmokingJoe

We will have to agree to disagree.
Twit is a useless aberration that should have collapsed already.
Maybe it will be “Cancelled” now, and the denizens all move to China controlled Tickey-Tockey?
Plenty of people have lost money investing in Musk companies, it was not THAT long ago that the viability of Tesla was in serious doubt.


27 posted on 10/27/2022 11:27:26 PM PDT by Ex gun maker. (Free thinking is now a radical concept, I will not be assimilated by PC or EV groupthink!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: SmokingJoe

Will do. Watched a bit already. That Gadde chick is a slick talking liar, IMO.


28 posted on 10/27/2022 11:27:42 PM PDT by Gaffer
[ Post Reply | Private Reply | To 24 | View Replies]

To: Gaffer

“Agrawal and Gadde are nothing but Indian-born leftists how have directly and indirectly (Gadde’s father) reaped the benefits of student visas.”

They are part of what transformed Silicon Valley and California into an intolerant leftwing bastion. 3rd world values imposed on America. We need to repatriate the lot of them and cease importing more. The 1965 immigration act should have been scrapped 50 years ago.


29 posted on 10/27/2022 11:32:52 PM PDT by Pelham (World War III will be fought with nuclear weapons. World War IV will be fought with rocks & sticks.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Ex gun maker.

Surely you’ve heard of the term secured debt.
If not here you go https://www.investopedia.com/terms/s/secureddebt.asp


30 posted on 10/27/2022 11:32:53 PM PDT by Truthsearcher
[ Post Reply | Private Reply | To 25 | View Replies]

To: SmokingJoe

He gave the top ranks the bird.


31 posted on 10/27/2022 11:33:55 PM PDT by Raycpa
[ Post Reply | Private Reply | To 1 | View Replies]

To: \/\/ayne
Did they hand a list of demands to the security guard as they were escorted out?

Maybe their list of demands, included instructions on how to code. 🤪😆

32 posted on 10/27/2022 11:39:25 PM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
[ Post Reply | Private Reply | To 2 | View Replies]

To: Pelham

Would be great if Musk eventually moved Twitter to red state Texas.
Some guy in Texas already offered a big chunk of land to Musk for free for him to move Twitter to,


33 posted on 10/27/2022 11:39:45 PM PDT by SmokingJoe ( )
[ Post Reply | Private Reply | To 29 | View Replies]

To: Pelham

Yes, 3% interest which comes to lot over the term of the loan, and only able to finance a little under half of appraised value.
So if I die tonight the loan company makes even more than if I repay the loan when they sell my “Collateral”.
Apparently our perceptions of Debt differs, in this case the amount is insane and backed by assets that could evaporate at any time.
If my house burns down the insurance will pay off, when the EV Charade implodes Tesla stock certs may make good wall-paper if they are colorful and display the engravers art well.

Difference in scale, but some “Rapper” just lost most of his “Worth” in a few days when he crossed the PC police.
Musk is not going to please the wokesters with this, if he does placate them he will lose OUR support.

His money to risk* so he may do what he likes.

*Except for that whole Gov. Org. subsidy thing that propped Tesla up for so long.


34 posted on 10/27/2022 11:42:23 PM PDT by Ex gun maker. (Free thinking is now a radical concept, I will not be assimilated by PC or EV groupthink!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Raycpa; MinuteGal; M Kehoe

A new Eagle rules the Twitter roost; is clearing out all the vultures.


35 posted on 10/27/2022 11:44:16 PM PDT by flaglady47 (Trump in 2024 - MAGA Man and Swamp Destroyer)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Truthsearcher

I live it, anxious to get out from under it.
Not the same scale and real property is not the same as paper or contracts that may lose all value suddenly as “Ye” just found out.
I would not value Tesla as a reliable asset.
A few high profile deaths and the EV Charade ends quickly.


36 posted on 10/27/2022 11:48:25 PM PDT by Ex gun maker. (Free thinking is now a radical concept, I will not be assimilated by PC or EV groupthink!)
[ Post Reply | Private Reply | To 30 | View Replies]

To: SmokingJoe

Dee,dee,dee !

Dump the whole lot of those uppity, Leftist / Socialist/ Commie wogs .
They have far too much power and money in our country today.Yet look where they come from. It’s a travesty.


37 posted on 10/28/2022 12:04:48 AM PDT by LeoWindhorse
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ex gun maker.
Not the same scale and real property is not the same as paper or contracts that may lose all value suddenly as “Ye” just found out.

Prices of “real property” fall all the time.
There have been plenty of property price collapses in American history.

I would not value Tesla as a reliable asset.

I would.
Tesla is vastly more of a reliable asset than Facebook for example.
And Tesla is run by Elon Musk, the greatest entrepreneur on the planet if not in history. Plus Musk partly owns SpaceX as well.

A few high profile deaths and the EV Charade ends quickly.

That's total nonsense.

38 posted on 10/28/2022 12:05:46 AM PDT by SmokingJoe ( )
[ Post Reply | Private Reply | To 36 | View Replies]

To: SmokingJoe

Twitter looks like an Indian operation. Sorry but hi-tech Hindus have zero morals and zero allegiance to America. They are here to score millions.

They are mostly Brahmins, the top caste in India. They look down on all other Indians.... And Americans too.


39 posted on 10/28/2022 12:23:59 AM PDT by dennisw (Never attribute to stupidity, what can be attributed to malice)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmokingJoe

The world needs ditch diggers, too.


40 posted on 10/28/2022 1:13:27 AM PDT by jdt1138 (Where ever you go, there you are.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson