Musk reportedly began firing top executives. With the deal completed, Twitter is once again a private company.
Twitter sued Musk to complete the purchase. Earlier this month, Musk offered to buy Twitter at the original price of $54.20 a share. A Delaware Court of Chancery judge delayed the trial that had been set for Oct. 17 to give the two sides more time to reach a deal.
Musk has predicted he will double revenue in three years, though he has offered few specifics on how he would do that. He has said he would like to get away from Twitter's heavy reliance on advertising. Alphabet said Tuesday that quarterly Google ad sales decelerated dramatically, creating a drag on profits. Facebook parent company Meta reported a similar drop in ad sales on Wednesday.
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