Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company's general counsel, two people familiar with the deal told the Associated Press Thursday night.
and ousted the CEO, chief financial officer and the company's general counsel, two people familiar with the deal told The Associated Press on Thursday night.
"As we have discussed, the easy part for Musk was buying Twitter," Wedbush analyst Dan Ives said in a report."The difficult part, and Everest-like uphill battle looking ahead, will be fixing this troubled asset." More challenging will be devising a strategy to drive growth at Twitter, whose roughly 238 million regular users pale in comparison to other social networks like Facebook and TikTok. On that front, Musk has previously floated the idea of creating a"super app" like WeChat, which in China is used for everything from banking and hailing a ride to buying groceries and chatting with friends.
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