Elon Musk, CEO of Tesla, Finalizes His Purchase of Twitter

Despite weeks of legal processes and a court-ordered timeframe set for October 28, Tesla's CEO Elon Musk finally completed the acquisition of Twitter in a deal priced at $44 billion late last week.

The deadline was expected to join weeks of legal processes. However, since declaring plans to acquire the portal at the close of April, Musk has shown a readiness to back out of the transaction. In recent official comments, Musk said that there were massive rates of bots on the network. Following that, the social networking site attempted to get the initial conditions of the contract enforced in court, and that process just finished this week. On Thursday, the CEO of Tesla and SpaceX arrived at the San Francisco headquarters of Twitter. Later that same day, several of Twitter's most senior executives, including CEO Parag Agrawal, director of legal policies Vijaya Gadde, and chief accounting officer Ned Segal, resigned from their positions with the business. Even before the agreement was finalized, the Tesla CEO's statements concerning his future in-office plan for Twitter staff members sparked several backlashes among many of the company's existing workers. They disliked the prospect of needing to start commuting to work to the office and speculations of oncoming employee cuts. In addition, the Tesla CEO's statements triggered several backlashes between some of the company's investors.

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