Key Takeaways:
- In his first decision as owner Musk fired three top executives of the company.
- Donald Trump may be allowed back on Twitter soon.
LAGOS (CoinChapter.com) — The confusion surrounding Twitter’s management and the uncertainty over what Elon Musk will do next continues to be a concern as the world’s richest man officially acquires one of the world’s most influential social media platforms.
Following his acquisition, Musk fired several Twitter executives, including Chief Executive Officer Parag Agrawal and Chief Financial Officer Ned Segal. In addition, the Tesla CEO reportedly fired Twitter’s top legal and policy executive, Vijaya Gadde, and Sean Edgett, general counsel.
This move has given rise to questions concerning how the social media company will be managed by Musk, known for his erratic behavior. It has also fueled rumors about who will be the next Twitter CEO and what new policies will be enacted.
As a result of the current development, several fake claims have begun emerging, claiming to be the new CEO. For example, renowned cryptocurrency angel investor Chandler Guo tweeted that he is the new Twitter CEO in what might be a joke.
“I am honored to be selected by @elonmusk as the new CEO of Twitter. Will work hard to protect free speech and integrate #Dogecoin!#ethw!”
Guo said.
However, similarly Dogecoin influencer Matt Wallace, among others, also announced securing the Twitter CEO job, invariably fuelling the ongoing saga concerning the future of the social media company. Meanwhile, several top individuals in the blockchain space have also started indicating interest in the Twitter job.
Elon Musk Plans To Assume the Role Of CEO
Meanwhile, new reports have emerged claiming Elon Musk intends to assume the role of the chief executive officer at Twitter. However, an anonymous source disclosed that the Tesla and SpaceX CEO plans to remain CEO of Twitter in the interim.
However, the source noted that the billionaire might eventually cede the role to someone in the future. Elon Musk claims he will change the platform into a citadel of free speech. He declared he’d remove all fake and spam accounts and change Twitter’s algorithms to prevent political “echo chambers.”
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square. Where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. […] I did it to try to help humanity, whom I love.“
Elon Musk tweeted.
Trump May Be Allowed Back On Twitter
Musk is reportedly looking to do away with permanent bans on users. However, according to the report, the new Twitter owner doesn’t believe in lifelong prohibitions and will allow previously banned individuals back on the app.
Notably, this means people previously booted off the platform, such as former President Donald Trump, may be allowed to return. It is unclear, however, if Trump would be allowed back on Twitter in the near term. Recall that Twitter banned Trump days after the 2021 Capitol insurrection, citing the “risk of further incitement of violence.”
It is worth noting that Elon Musk’s plan has been met with condemnation from the general public. Several experts have warned that Musk’s plan will undo years of Twitter’s efforts to reduce bullying and abuse on the platform.
