Elon Musk Fires Twitter CEO Parag Agrawal & Policy Chief Vijaya Gadde
Elon Musk became the new owner of Twitter on Thursday. Just after that he fired Twitter CEO Parag Agrawal and Policy Chief Vijaya Gadde.
Elon Musk took over as Twitter Inc.’s new owner on Thursday, dismissing chief management he had accused of deceiving him and offering scant details about how he plans to carry out the ambitious goals he has set for the powerful social media network.
Tesla Inc.’s CEO has stated that, even as he curbs censorship, he wants to “fight” spam bots on Twitter, make the algorithms that control how information is exposed to its users public, and stop the social media site from turning into an echo chamber for hate and division.
Musk, however, has not provided specifics on how he intends to do all of this or who would lead the company. He has stated that he intends to make employment cuts, which has caused the 7,500 or so employees of Twitter to worry about their future.
On Thursday, he added that he bought Twitter “to attempt to benefit humanity, whom I love,” rather than in order to increase his financial gain.
According to persons with knowledge of the situation, Musk fired Twitter’s CEO Parag Agrawal, CFO Ned Segal, and head of law and policy Vijaya Gadde.
He had claimed that they had misled him and Twitter’s investors over the prevalence of phony accounts on the social media site.
The sources added that Agrawal and Segal were removed from Twitter’s San Francisco offices where they were present when the agreement was finalized.
Requests for response from Twitter, Musk, and the executives were not immediately fulfilled.
The amazing story, replete with twists and turns, that raised questions about whether Musk would finish the transaction, culminated in the $44 billion acquisition.
It all started on April 4, when Musk revealed that he was the San Francisco company’s top stakeholder with a 9.2% stake.
Elon Musk then agreed to join Twitter’s board, but changed his mind last-minute and made an offer to buy the firm for $54.20 per share. Twitter wasn’t sure whether to take this as another of Musk’s references to cannabis or not.