Musk closed the $44 billion deal on October 27, 2022, facing a lawsuit that held him to terms of purchase he was keen to escape.In the days after his purchase, Musk quickly fired executives who had been running Twitter and took the publicly traded company private.
She described Musk as audacious but "moody," surrounding himself with "yes men" and making decisions on instinct. "It is sobering, though not surprising, to see Musk's reckless decisions exacerbate the information crisis on Twitter surrounding the already tragic Israel-Hamas conflict," Nora Benavidez, senior counsel at the watchdog Free Press, told AFP.
Musk early this year said the company's value had more than halved to $20 billion, and some estimates place it even lower. "X's wounds are almost entirely self-inflicted," Insider Intelligence analyst Jasmine Enberg told AFP. Former Fox news host Tucker Carlson, known for radical conservative opinions, launched a show on X after being fired from the television station.