Bird Is Freed: As reported by Bloomberg, Elon Musk intends to replace Parag Agrawal as CEO and reverse the permanent ban on users of the social media platform. Bloomberg reported on Friday that Agrawal and other major executives were fired after the takeover was completed.
Tesla and SpaceX CEO Elon Musk is expected to remain Twitter CEO in the interim period, but may cede the position in the long run.
A number of US media reports indicate that Twitter’s Chief Financial Officer Ned Segal and its Chief Legal and Policy Officer Vijaya Gadde, as well as its Chief Financial Officer Ned Segal, were asked to leave.
Earlier this year, Musk dismissed speculation about his plans to take over Twitter for $44 billion (roughly Rs. 3,37,500 crore).
It is important for civilization to have a digital town square where a variety of beliefs can be debated in a healthy manner without resorting to violence, which is why I acquired Twitter.
As of Thursday, he said, “There is a real danger that social media will splinter into echo chambers that generate more hate and divide our society.”
Tesla’s founder said Twitter should be “warm and welcoming to all” and give users the option to customize their experience. Musk also told advertisers that he wants the platform to be “the most respected advertising platform in the world.”
A porcelain sink was carried by Musk into Twitter’s headquarters in San Francisco on Wednesday. The internet was filled with memes about this action.
“Let that sink in!” Musk captioned a video of himself carrying a kitchen sink.
The title of his Twitter profile now reads “Chief Twit”.
Elon Musk terminated the deal to purchase Twitter in July, in a surprising turn of events. According to Tesla’s CEO, Twitter misrepresented the number of spam and fake bot accounts on its platform, violating their mutual purchase agreement.
The market declined sharply after Musk announced the termination of the deal. As a result, Twitter sued Musk, accusing him of using bots to exit a deal.
Musk announced last week that the Twitter buyout would proceed at the originally agreed price of $54.20 per share (roughly Rs. 4,320). The Twitter deal legal proceedings have been put on hold until October 28 by the judge overseeing the case.
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