Quicktake
How Elon Musk’s Twitter Takeover Turned Into Chaos
Elon Musk has had a tumultuous first week as owner of San Francisco-based Twitter.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Immediately upon acquiring Twitter Inc. for $44 billion, Elon Musk axed most top executives and the board, and quickly embarked on a plan to lay off roughly half the company’s 7,500 employees. His goal is to remake the social network into a profitable one that stands for free speech. But in his haste, he’s rattled advertisers, regulators and many of the most ardent tweeters.
1. What is Musk trying to do?