Elon Musk has completed his takeover of Twitter.

The Telsa founder has been quick to make changes, reportedly firing a number of senior executives including the CEO and CFO.

“It’s been a big fanfare today,” finance reporter Evan Lucas told Tony Pilkington filling in on 4BC Afternoons.

The formal takeover today ended months of speculation.

Mr Lucas said the company will be privately owned.

How it will be run and how it could change the social media platform remains to be seen.

There’s also speculation Musk could allow some people who’ve been banned to start up their accounts again.

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Image: Muhammed Selim Korkutata/Anadolu Agency