Elon Musk completes Twitter deal, news of Parag Agarwal’s removal
- Elon Musk completes the process of taking over Twitter
- News of the removal of many big Twitter executives including CEO
- In April 2022, a deal was made to buy Twitter for $ 44 billion
- Then in July, Elon Musk changed his mind and said that he is no longer interested in Twitter, Twitter took the legal route.
- Interest in Twitter deal again in October, company stopped legal proceedings
American businessman Elon Musk has now taken control of Twitter and has completed a deal to buy the social media company for US$44 billion.
According to the news coming in the US media, Twitter CEO Parag Agarwal and two other senior managers have been fired. Indian-origin Parag Agarwal studied at IIT Bombay and became the CEO of Twitter in November 2021.
America’s New York Times, CNN and Washington Post have given this news quoting sources.
Washington Post tech reporter Faiz Siddiq tweeted that Parag Agarwal, Ned Siegel and Vijaya Gade have been fired by Musk.
Vijaya Gade is also of Indian origin and was the Head of Legal, Policy and Trust at Twitter. With this, the uncertainty about the future of Twitter for several months has ended.
In a tweet on Thursday, Elon Musk said that he bought Twitter because he wants to help humanity and that such a platform is necessary for the future of human civilization where different opinions can be raised in a healthy way without violence.
According to the website of the New York Stock Exchange, the trading of company shares will be suspended on Friday.
Elon Musk had until Friday to complete the $44 billion deal to buy Twitter. Musk had announced to buy Twitter in April, but later he backed out.
Two days ago, Elon Musk entered Twitter’s headquarters with a ‘sync’ in his hand. He also shared his video. Along with this, Musk also changed his Twitter-bio. He wrote in his bio – ‘Chief Twit’
Many analysts say that the price Elon Musk is paying for Twitter is too high because the company’s stocks have seen a huge decline. Also, Twitter has not been able to add new users to it in recent months.
