Twitter deal: Elon Musk took command, showed the way out to many officers including Parag Agarwal
After six months of drama, the world’s richest man, Elon Muscus, finally approved the takeover of Twitter.
Eventually the ongoing tussle between Elon Musk and Twitter ended and now the social media platform Twitter has got its new boss. The six-month-long drama ended with the world’s richest man, Elon Musk, accepting the takeover of Twitter. With this, he has become the new Chief-in-Charge of the company. Elon Musk has taken control of Twitter and started his work as soon as he arrived. Musk fired his top executives as soon as they arrived. According to media reports, Twitter’s new supervisor Musk has fired CEO Parag Agarwal, CFO Ned Segal, General Counsel Sean Edgett and Vijaya Gadde, Head of Legal Policy, Trust and Security. Agarwal was appointed as the CEO of Twitter in November last year following the resignation of the company’s co-founder Jack Dorsey.
Let us tell you that the ‘New York Times’ said in its news that Musk executed a US $ 44 billion deal to buy Twitter on Thursday. The news quoted people with knowledge of the matter as saying that Musk “started a series of executive leave from Twitter, including the removal of at least four top executives.” At the same time, according to the American newspaper Washington Post, Twitter’s Chief Executive Officer (CEO) Parag Agarwal and Chief Financial Officer (CFO) Ned Segal have also left the company. It was told in this report that both these officers left the company’s headquarters in San Francisco and did not return. Musk had a deadline of October 27 to buy Twitter for $44 billion or face a court trial and opted to buy the company.
Why was Parag Agarwal fired?
Let us tell you that Elon Musk had accused Parag Agarwal of misleading him and Twitter investors about the number of fake accounts on the social media platform. According to reports, when Elon Musk’s deal with Twitter was completed, Aggarwal and Segal were present in the office. After that he was thrown out of the office. However, there has been no statement from Twitter, Elon Musk or any official regarding this.
Offered in April
Talking about the Twitter deal, in April this year, Musk, the world’s richest man, offered to buy the social media company Twitter. After this, after the deal and its price were confirmed, Allen complained about the spam account and said to cancel the deal. The company then went to court against it, where after an allegation debate, Muske finally approved the deal and reached Twitter’s headquarters on Thursday. The court had given Muskah the option of completing the deal or facing trial. After this, in October, Musker changed his mind, and he approved the purchase of Twitter for $ 54.20 per share if the company withdraws its case. However, Twitter’s lawyer at the time said that Musk. This move is to hang the deal and they are once again misleading. After this, the court said that Musk will have to decide on the deal by October 28 at any cost.
That’s why Musk bought Twitter
Elon Muskas wrote in one of his messages, the biggest reason for buying Twitter is to provide a platform for the society of the future, where an issue can be discussed in a civilized manner with more trust and there is no scope for violence.
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