'Bird is freed' tweets Elon Musk as he moves to reverse 'life bans'

After completing his $44 billion acquisition of Twitter Inc, Elon Musk has said that he intends to replace Parag Agrawal as CEO of the social media platform and also to reverse the permanent ban on users, according to a Bloomberg report.

Agrawal was fired along with other major executives upon completion of the takeover, Bloomberg on Friday reported citing a person familiar with the matter.

The Tesla and SpaceX owner is expected to remain the CEO of Twitter in the interim period, but may eventually cede the role in the longer term, the report said.

According to multiple reports in US media, Twitter's Chief Financial Officer Ned Segal, and its legal and policy executive, Vijaya Gadde, were asked to go.

Ahead of his $44 billion Twitter acquisition deal, the tech tycoon had dismissed speculation about why he'd buy the micro-blogging platform, and his thoughts on advertising.

"The reason I acquired Twitter is that it is important to the future of civilisation to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left-wing echo chambers that generate more hate and divide our society," he said in a statement on Thursday.

The Tesla founder said that Twitter should be "warm and welcoming to all", and ought to enable users to choose the experience they want to have. Further, Musk told advertisers that he wanted the platform to be "the most respected advertising platform in the world".

Meanwhile, on Wednesday, Musk walked into the headquarters of Twitter in San Francisco, carrying a sink. This action was the object of several memes on the internet.

Musk tweeted a video of himself carrying a kitchen sink, and captioned it "let that sink in!"

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