Elon Musk Takes Control of Twitter

The EU official overseeing internet regulation cautioned the new Twitter boss that the social media giant must play by the bloc's rules in Europe.

"In Europe, the bird will fly by our [EU] rules," EU internal market commissioner Thierry Breton tweeted, in response to Musk saying "the bird is freed" earlier.

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In Europe, the bird will fly by our ???????? rules.#DSA https://t.co/95W3qzYsal

— Thierry Breton (@ThierryBreton) October 28, 2022

"It's been a heck of a rollercoaster, that's for sure, and we're certainly happy from a financial perspective that [the deal] has closed," Steve Johnson, Chief Investment Officer at Australia's Forager Funds Management told news agency Reuters.

"I'll be surprised if senior people here stay around. My guess is with the rest of the business [Musk] will be like he is with all his other businesses - he will be ruthless about 'if you have a job here, you are supposed to be producing something that creates value for the company.' And I think the company has needed that for a long time," he added.

Also read: President Jokowi Meets Elon Musk at SpaceX Facility

Changpeng Zhao, Founder and CEO of Binance, a co-investor in Musk's Twitter deal said that his company was "excited" to be able to help the tech tycoon "realize a new vision for Twitter."

"We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology," Reuters quoted him as saying.

Meanwhile, Twitter Co-founder Biz Stone thanked the three top executives Elon Musk fired for their "collective contribution" to the platform.

"Massive talents, all, and beautiful humans each!," he said in a Tweet.

Steven Beardsley from DW Business says the question is how is Musk going to use Twitter.

"Is it going to become a cesspool for misleading statements or is it going to be something that is accessible to everyone? How is he going to pull that off and take it from being a joke acquisition to something that's actually very serious and important, maybe even useful," he said.

Sources: DW, AFP, Reuters