IN QUOTES | Here's what people are saying about Elon Musk buying Twitter

Billionaire Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity on how he will achieve his lofty ambitions for the social media platform.

Here's what people are saying about the purchase:

Steve Johnson, chief investment officer, Forager Funds Management, Sydney, Australia: “It's been a heck of a rollercoaster, that's for sure, and we're certainly happy from a financial perspective that [the deal] has closed.

“I'll be surprised if senior people here stay around. My guess is with the rest of the business [Musk] will be like he is with all his other businesses — he will be ruthless about 'if you have a job here, you are supposed to be producing something that creates value for the company'. And I think the company has needed that for a long time.”

Biz Stone, co-founder, Twitter: “Thank you to @paraga, @vijaya and @nedsegal for the collective contribution to Twitter. Massive talents, all, and beautiful humans each!” Stone tweeted, referring to sacked executives Parag Agrawal, Vijaya Gadde and Ned Segal.

Rajeev Chandrasekhar, India's minister of state for electronics and information technology: “Our rules and laws for intermediaries remain the same regardless of who owns the platform. So the expectation of compliance with Indian laws and rules remains.”

Changpeng Zhao, founder, CEO, Binance and a co-investor in Musk's deal: “We're excited to be able to help Elon realise a new vision for Twitter. We aim to play a role in bringing social media and Web3 together to broaden the use and adoption of crypto and blockchain technology.”

Reuters