The 51-year-old billionaire recently took control of the company and started laying off members of its staff. Among those who have been fired so far are chief executive officer Parag Agrawal, chief financial officer Ned Segal and chief policy officer Vijaya Gadde.
Musk has also removed the board, reports Bloomberg.
Another change now underway concerns the system for high-profile user verification. This will now be made into a service that costs money. Celebrities, politicians, business leaders and more have been equipped with blue ticks to show Twitter users that the person is actually who they say they are.
However, Twitter previously also used blue ticks to verify accounts belonging to people who suddenly appeared in the news, or to verify journalists in lesser-known publications around the world. Among other things, the goal is to strengthen the fight against disinformation from accounts impersonating others.
Musk paid $44 billion for the company. He has raised most of the money by, among other things, selling Tesla shares, but $13 billion – about NOK 135 billion – has been lent by a group of major banks led by Morgan Stanley. The financing agreement in accordance with Financial time one of the largest ever staged on Wall Street.
NTB
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