There are indications that the world’s richest man and new Twitter Chief Executive Officer (CEO), Elon Musk will reverse life bans on Twitter as he plans to assume the role of the Twitter CEO and end the lifetime ban on former US President Donald Trump.

He completed his $44 billion acquisition of Twitter on Thursday October 27th, making him the leader of the social media giant. He is also the leader of Tesla Inc and SpaceX.

According to reports on Friday, October 28, Musk intends to replace Parag Agrawal, the Twitter CEO who was fired along with other major executives upon completion of the takeover.

The multi-billionaire is expected to remain CEO in the interim but may eventually cede the role in the longer term, according to a report by Daily Mail.

Musk’s acquisition puts the world’s richest man in charge of a struggling social network after six months of public and legal wrangling. Among Musk’s first moves: changing the leadership.

Departures include Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012. Edgett was escorted out of the building, Bloomberg News reported on Thursday.

Musk also intends to stop permanent bans on users because he doesn’t believe in lifelong prohibitions, meaning former president Donald Trump could return.

With the acquisition, Shareholders will be paid $54.20 per share, and Twitter will now operate as a private company.

StreetReporters.ng

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