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Is Elon Now Twitter CEO? What We Know About The Twitter Deal so Far

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By Augustine Mbam - - 5 Mins Read
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Billionaire Elon Musk visited Twitter's headquarters in San Francisco on Wednesday as he races to complete the Twitter deal within the stated deadline. 

A judge presiding in Delaware has given the Tesla CEO 28th of October as a deadline to finalize the Twitter deal, or he would face new trial dates.

With barely 48 hours left to meet the deadline, Elon Musk stormed the Twitter Headquarters in San Francisco with a sink in his hands. 

"Entering Twitter HQ - let that sink in!" Elon Musk tweeted after posting a video of his entrance on Twitter. 

Elon Musk at Twitter HQ with a sink

The post made by Elon Musk drove fans and critics alike to his page, with the tweet generating more than 900 thousand likes within 24 hours.

Twitter Employees are Concerned 

According to someone who spoke to a news outlet CNBC, while Elon Musk's visit to the Twitter HQ drove the public wild, those working for the company are currently at wit's end. 

Remember that it was alleged that Elon Musk would lay off thousands of workers once he fully took over as the social media platform owner. Many claims that the number of workers at Twitter could reduce from 7,000+ to about 2,000.

From the anonymous source who spoke to CNBC, those working at Twitter are trying to keep on working, although everyone, including the current CEO, is still determining the future of their jobs. The news even broke out that Elon Musk might likely take over as the new CEO of Twitter once he completes the deal. 

As confirmed by CNN and Bloomberg, Twitter employees were informed that the Tesla CEO was coming around that day. Bloomberg reported that the person who sent the notice to Twitter employees was the chief marketing officer of Twitter, Leslie Berland. 

Those who reported said the chief marketing officer of Twitter has told them that Elon Musk would be "meeting with folks, walking the halls, and continuing to dive in on the important work you all do. If you're in SF and see him around, say hi!" 

The content of the sent email also informed the employees that they might see the billionaire on Friday if the deal is completed before then. When a Twitter spokesperson was reached for a comment on the recent developments, there was a decline. 

The world's richest man has already changed his bio on Twitter, which has more than 110 million followers, to "Chief twit."

More Details About the Twitter Deal 

Elon Musk's Twitter could eventually be a reality on or before Friday, although the deal has passed through several difficult times. The issue even had to be taken to court, where Elon Musk was forced to settle the differences between him and Twitter. 

Elon first tried to purchase Twitter and later wanted to pull out of the deal after he claimed that Twitter data of the bots on the platform was wrong. 

The case ended up in a Delaware court where the judge gave Elon Musk the 28th of October as the deadline to complete the deal or face a full-blown trial. The billionaire may complete the deal soon, judging by his latest visit and tweet. 

Elon Unveils Plans For the New Twitter, Warns Twitter Advertisers

Just as everyone is already hoping they hear the official announcement of Elon Musk completing his Twitter deal, the Tesla CEO has already issued a warning to advertisers. 

In a tweet he made that was simplified using pictures, Musk has already told the public what to expect once he takes over. 

https://twitter.com/elonmusk/status/1585619322239561728

First, he said that he acquired Twitter because it was "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."

Finally, he dropped the major bombshell by saying that the way advertising goes on the platform will be seriously regulated. He said," fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise."

He referred to advertisers saying, "low relevancy ads are spam, but highly relevant ads are actually content," he warned.

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