The News Memo

The News Memo

Share this post

The News Memo
The News Memo
Elon Musk Officially Buys Twitter
Copy link
Facebook
Email
Notes
More

Elon Musk Officially Buys Twitter

The News Memo's avatar
The News Memo
Oct 28, 2022
∙ Paid

Share this post

The News Memo
The News Memo
Elon Musk Officially Buys Twitter
Copy link
Facebook
Email
Notes
More
Share

October 24-28, 2022
 

GetSmart: the world's funniest nature photos
 

NewsBites

Elon Musk’s deal to buy Twitter for $44B closed on Thursday. Upon closing the deal, Musk fired Twitter CEO Parag Agrawal and CFO Ned Segal. According to a previous memo sent to prospective investors in the deal, Mr. Musk plans to cut up to 75% of Twitter’s workforce in an effort to cut costs. Before the deal closed on Thursday, Musk visited Twitter headquarters to meet with staff. In addition, he posted an open letter to Twitter advertisers outlining his reasons for buying the company, along with his vision for the platform moving forward.

More: “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.” - Musk

Nov. 7 elections preview: 35 senate seats and 435 house seats across the country will be up for grabs in less than two weeks. Currently, the sen…

Keep reading with a 7-day free trial

Subscribe to The News Memo to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 The News Memo
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More