5 Ways Twitter Will Change Under New Owner Elon Musk

From reduced content moderation to added features, the social media platform will open up a ”hotbed of misinformation and lies,“ experts say

After months of back and forth since Elon Musk offered to buy Twitter last spring, the highly publicized $44 billion acquisition closed late Thursday — just one day short of a court order to complete the purchase.

Musk has often described what the social platform would look like under his ownership. That has ranged from softening standards to tamp down misinformation, inviting back former President Donald Trump, introducing features that create new revenue streams — and layoffs, which he lost no time doing on Thursday evening by firing the company’s top management, including CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust and safety, as well as Sean Edgett, the company’s general counsel.

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Loree Seitz

Loree joined TheWrap as a reporter in 2022 after interning at the publication during the summer of 2021. Loree has covered entertainment, film and television for TheWrap and has reported on the media industry and the cable news beat. She has also written for MovieMaker Magazine, where she interned in 2020.