Elon Musk closes deal to acquire Twitter, fires CEO Parag Agrawal: Report

Elon Musk closes deal to acquire Twitter, fires CEO Parag Agrawal: Report

Posted on

Billionaire Elon Musk is now the brand new proprietor of Twitter and has fired the social media firm’s 4 prime executives, together with Indian-origin CEO Parag Agrawal and authorized govt Vijaya Gadde, in accordance with a media report.

The New York Occasions stated in a report that Elon Musk closed the $44 billion deal to purchase Twitter on Thursday.

Citing folks with information of the scenario, the report stated that Musk “has began cleansing home at Twitter with the firings of no less than 4 prime executives”.

The Twitter executives who have been fired embrace Agrawal, Gadde, Chief Monetary Officer Ned Segal, and Basic Counsel Sean Edgett.

“Not less than one of many executives who was fired was escorted out of Twitter’s workplace,” the report stated.

Agrawal was appointed Twitter CEO in November final 12 months after the social media website’s co-founder Jack Dorsey stepped down.

An IIT Bombay and Stanford alumnus, Agrawal had joined Twitter over a decade in the past when there have been fewer than 1,000 staff on the firm.

“Agrawal, who was appointed Twitter’s chief govt final 12 months, had clashed” with Musk “publicly and privately in latest months in regards to the takeover”, the NYT report stated.

Musk had additionally “singled out” Gadde, “criticising her for her position in content material moderation selections on the firm”, it added.

Because the Twitter account of former US President Donald Trump was completely suspended in January final 12 months, Hyderabad-born Gadde was on the forefront of this dramatic choice undertaken inside days of the tried revolt by pro-Trump supporters on the US Capitol.

Musk had arrived on the firm’s headquarters in San Francisco on Wednesday and had been assembly with engineers and promoting executives.

The 51-year-old has promised to rework Twitter by loosening the service’s content material moderation guidelines, making its algorithm extra clear, and nurturing subscription companies, in addition to shedding staff.

Elon Musk at one level tried to again out of the deal, however recommitted to it this month as he confronted authorized challenges for making an attempt to withdraw.

offshore vps