Twitter cease to be listed on the NYSE on November 8, according to a notification sent this Friday to the stock market regulator.
The Actions of the social network they will disappear of market after this Thursday its sale was closed to the billionaire Elon Muskending a saga that has dragged on for months.
From the beginning, Musk had made clear his intention to convert Twitter in a private company, which, unlike listed companies, have fewer obligations to provide information on their movements and performance and are subject to less scrutiny by regulators.
In the notification made this Friday, the merger between Twitter Y X Holdings, the vehicle created by Musk to execute the operation and that it will officially be the owner of all the titles of the social network.
According to some of the main press media in the United States, Musk’s first action after taking the reins of the company has been to fire some of its top managers, including the CEO, Parag Agrawal; Chief Financial Officer Ned Segal; and Chief Policy and Legal Officer Vijaya Gadde.
In addition, several sources indicate that Musk has plans to get rid of 75% of the workforce that works in Twitterwhich currently amounts to about 7,500 people, down to about 2,000 workers.
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