It might have been one of the most dramatic, chaotic, and twisty-turny acquisitions in corporate history, but Twitter is now officially owned by Elon Musk.

The $44 billion deal appears to have closed, allowing Musk to avoid a court battle with the social media giant and comply with a Delaware court judge’s deadline. On Thursday, Twitter CEO Parag Agrawal, CFO Ned Segal, and top legal and policy executive Vijaya Gadde were reportedly ushered out. Now the question is: What’s next?

One thing seems certain: The Twitter we’ve all come to know is about to change substantially. Musk pictures himself as an advocate of free speech and has been openly critical of the company’s monitoring of violent or hateful content. And expect some high-profile permanent bans to be reversed, with former President Donald Trump likely to be welcomed back should he want to return to the platform.

Musk hasn’t been very specific publicly about his plans for the social media giant, but Thursday, via a Tweet, he said much of the speculation about the site’s future has been wrong.

“The reason I bought Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” he wrote. “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. . . . I didn’t do it because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love.”

Media reports in the past week have said Musk has threatened to gut the company’s workforce, with The Washington Post reporting he plans to cut the staff by nearly 75%, slicing it down from 7,500 employees to 2,000. That could severely affect the company’s ability to monitor content (including racist rants like the ones Kanye West made recently), misinformation, attempts by foreign operatives to manipulate public opinion and free elections, and child pornography.

Musk reportedly told employees on Wednesday that he does not expect to cut 75% of the company’s jobs, but he is still expected to make some job cuts.

Depending on the size and severity of that staff reduction, there could be technological side effects. Should Twitter’s services go down, for instance, remaining employees might not have the applicable knowledge to get them back up. (Musk, in a town hall meeting at Twitter in June, said he didn’t see a reason that low performers should keep their jobs.)

Here are a few other changes we may see:

THE RETURN OF FAMILIAR FACES

Trump might not be the only banned user invited back to the platform. If Musk does away with permanent bans, that could open the door for the return of conspiracy theorist Alex Jones, who was booted in 2018, and Representative Marjorie Taylor Greene, whose account was suspended earlier this year after she posted false claims about COVID-19 vaccines. Other banned users include Michael Flynn, Sidney Powell, and Mike Lindell, who were all booted for their 2020 election-denial claims.

Musk, in the short period in which he was going to join the company’s board and not buy Twitter, said to Agrawal in a text: “Would be great to unwind permanent bans, except for spam accounts and those that explicitly advocate violence.”

That said, in his Thursday missive, after changing his bio to “Chief Twit,” Musk said, “Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!”

A POSSIBLE SPAMBOT PURGE

When Musk announced he was buying Twitter initially, one of his first vows was to rid the company of its spambot problem. By June, though, he was making noise about backing out of the deal, saying the issue was much worse than Twitter had disclosed. In response, the company gave Musk access to its full data stream, which was made up of more than 500 million Tweets per day, as well as the devices they tweet from and information about the accounts that post.

Musk never disclosed precisely what he learned from that information, or how easy or difficult it will be to do away with spambots. Given the odds of significant staff cuts, it raises even more questions about whether he’ll be able to do anything about the issue, but it still remains one of his stated priorities.

THE EDIT BUTTON COULD FINALLY ARRIVE FOR EVERYONE

Even before he made his bid for the company, Musk was a loud proponent of the edit button, polling his followers and asking if they wanted one. (They did, with 74% of the 4.4 million people who voted saying yes.) Musk hasn’t said much about the edit button lately, but it could be one of his first moves as the company already debuted its version of the tool, but only for people who have a $4.99-per-month Twitter Blue subscription.

X MARKS THE SPOT

“Buying Twitter is an accelerant to creating X, the everything app,” Musk tweeted after his decision to go ahead with the takeover earlier this month. Exactly what he means by that is still largely a guessing game, but Musk has hinted that the social media site could be a building block for a WeChat-like app that people use for everything from messaging to games to mobile payments. Twitter, he says, could move up the launch of X by as much as five years.

Musk has owned the X.com domain since 2017. But if he manages to succeed in making an Americanized version of WeChat technically, will American (or global) users sign on? Musk remains a polarizing figure, and advertising revenue alone is unlikely to support that vision.

A USER EXODUS

Twitter’s internal research has already found that the company is failing to hang on to its most active users, the ones who generate 90% of all Tweets (and account for half of global revenue). That comes as interest in news, sports, and entertainment dwindles. Cryptocurrency and not-safe-for-work content are the top areas of interest among English-speaking audiences these days.

A continued outflow of power users could further weaken ad revenues for the company.