Parag Agrawal, CFO Ned Segal “Escorted Out” After Twitter Deal Was Closed
On Thursday, Elon Musk became the owner of Twitter Inc., ousting key executives and offering scant explanation of how he will carry out the ambitious plans he has stated for the significant social media network. He tweeted, “The bird is released,” making obvious reference to Twitter’s bird logo and his wish for the firm to impose fewer restrictions on what can be posted.
However, the CEO of electric vehicle manufacturer Tesla Inc. has also stated that he wants to stop the platform from turning into an echo chamber for hatred and division. Other objectives include trying to “fight” spam bots on Twitter and opening up the algorithms that decide how material is shown to consumers.
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 phoney accounts on the social media site.
When the sale closed, Agrawal and Segal were in Twitter’s San Francisco headquarters and were led out by an escort.
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