Tesla CEO Elon Musk has formally purchased Twitter. The billionaire entrepreneur initially introduced his intentions to purchase Twitter again in April, nevertheless a turbulent six months adopted through which he threatened to tug out of the deal on quite a few events. Nevertheless, Musk lastly accomplished his $44 billion acquisition of the corporate earlier this week.

On Wednesday because the deal neared, Musk posted a video of himself carrying a kitchen sink into Twitter’s San Fransisco HQ. He additionally Tweeted that the “hen is freed” and “comedy is now authorized on Twitter”.

Musk has already made some severe modifications at Twitter, firing CEO Parag Agrawal, CFO Ned Segal, and coverage chief Vijaya Gadde. The latter was reportedly answerable for banning former US President Donald Trump from the platform. Again in Might, Musk insisted he would reverse Trump’s Twitter ban. Nevertheless, Trump beforehand said he wouldn’t be returning to Twitter and would as a substitute stay on his personal app Reality Social.

Moreover, Musk revealed a “content material moderation council” will probably be shaped and no main account reinstatements or content material selections will happen earlier than then. In a deleted Tweet, the Tesla CEO additionally spoke about plans to supply a verification badge to members of Twitter Blue, the app’s premium subscription mannequin.

Per a submitting with the U.S. Securities and Trade Fee, Twitter will formally be delisted from the New York Inventory Trade on November 8. Musk’s subsidiary firm, X Holdings I, Inc., will then personal 100% of Twitter inventory.

Musk’s Twitter buy is seemingly the primary stage of his plan to construct a “tremendous app” that covers every part from ride-hailing to buying and financial institution transfers. The “tremendous app” has drawn comparisons from some to China’s WeChat which additionally has a mix of social networking and e-commerce options.