Elon Musk buys Twitter, fires CEO Parag Agrawal


Elon Musk has until Friday to sell his Twitter for $44 billion. After initially offering to buy Twitter in April, Musk changed his mind and tried to back out in May. His reason at the time was that Twitter made “false and misleading” statements during the negotiations. In October, Musk changed his mind once again and decided to stick with his plan to buy Twitter.

After the Twitter takeover was completed on Thursday, Musk went on a mass firing spree. Executives walk away with a handsome payout. Parag Agarwal, who succeeded Jack Dorsey as CEO of Twitter, received $38.7 million, Segal $25.4 million, and Gadde $12.5 million. internal.

What will happen to Twitter under Elon Musk?

With Elon Musk now owning Twitter, many are wondering what exactly will happen to Twitter now. A previous Washington Post report said Musk plans to lay off 75 percent of Twitter’s staff. However, Musk told Twitter employees on Wednesday that he has no plans to cut 75 percent of staff when he takes over.

The Tesla CEO has previously been vocal about his plan to ditch the bots platform. This may be the first order of business on Twitter. Musk wants Twitter to become a “digital town square” where people can come and “share a variety of beliefs that can be discussed in a healthy way without violence,” he said in a post Thursday.

At one point, Musk even talked about turning Twitter into an “everything app” like China’s WeChat. “You basically live on WeChat in China. If we can recreate that with Twitter, we’ll have great success,” Musk said Said Twitter employees in June.


Source by 91 Mobiles

Written By Sabhitech

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