Elon Musk is the new owner of the popular microblogging site, Twitter.

World's Richest person and Tesla CEO Elon Musk on Thursday has completed his $44 billion deal to take over the popular social media platform Twitter, according to US media and an investor in the firm.

Right after the acquisition, Musk fired a number of executives including the Indian-origin CEO Parag Agrawal, CFO, Ned Segal and legal affairs and policy chief Vijaya Gadde, the Washington Post and CNBC reported citing unnamed sources.

Reportedly, he had accused them of misleading him and Twitter investors over the number of fake accounts on the social media platform.

According to a report by Reuters, Parag Agrawal and Segal were in Twitter's San Francisco headquarters when the deal closed and were escorted out of the office.

Musk on Friday, took to his Twitter handle, and wrote, "The bird is freed."

According to an article by Reuters, the tweet "The bird is freed" is the reference of Twitter's bird logo in an apparent nod to his desire to see the company have fewer limits on content that can be posted.

The acquisition of Twitter began back in April 2022 and after months of public and legal wrangling over the deal.

Reports also say that Musk plans to reverse permanent bans on Twitter users because apparently, he doesn't believe in lifelong prohibitions.

Now the netizens are speculating about the return of Donald Trump back to the platform.

Twitter permanently removed Trump in January 2021, saying the former president’s tweets were “highly likely to encourage and inspire people to replicate the criminal acts that took place at the US Capitol on 6 January 2021”.

Elon Musk on Thursday tweeted why he wants to buy the microblogging site and that most of the speculations were wrong.

He said he wants to buy the site to save humanity and not to make more money.

He further said that currently "there is great danger that social media will splinter into far right-wing and far left-wing echo chambers".

According to a report by SkyNews, Morgan Stanley and Bank of America as well as equity investors including American businessman Larry Ellison and Prince Alwaleed bin Talal of Saudi Arabia are also contributing to the deal.