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This week's edition of The Draft, our top story is Elon Musk's Twitter takeover and the long-term potential for the social media giant now that it sits in the hands of the world's richest man, as well as other top stories, funding deals, and charts that Techloy tracked this week.
The world's richest man, Elon Musk (aka Chief Twit) completed his $44 billion acquisition of social media giant Twitter, with a cheeky tweet: 'the bird is freed' on Thursday.
- The deal which was first announced in April, and hit multiple roadblocks along the way came to a close before the court deadline of Friday, 28th October.
- The completion of the takeover saw the billionaire firing off the top executives including Parag Agrawal, the chief executive as Musk plans to take on the position.
- Agrawal was fired along with other major executives including Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal; and Sean Edgett, general counsel at Twitter since 2012. Edgett was escorted out of the building.
What does Elon's take-over hold for Twitter and its users?