The blue bird of Twitter has now become the richest man in the world, Elon Musk. Musk took control of Twitter before the court’s deadline. Along with this, he has also fired many top officials including the company’s Indian-origin CEO Parag Agrawal.
Elon Musk, the world’s richest man, has completed the deal to buy social media platform Twitter. According to American media, Musk has swung into action with the completion of the deal. He has discharged the company’s Indian-origin CEO Parag Agrawal and two other top executives. These include the names of the company’s policy head Vijaya Gadde and chief financial officer Ned Segal. With this, the ongoing dispute between Musk and Twitter for the last several months has also ended. Musk offered $44 billion to buy Twitter. But later he backed out of it. After this Twitter dragged him to the court. Had Musk not pursued the deal by Friday, the court hearing would have started. Tesla CEO Musk acquired micro-blogging platform Twitter after a long but-but-before the court’s deadline.
Twitter, however, declined to comment on the officials’ removal. But this action of Musk has caused panic among the employees of Twitter. However, on behalf of Musk, Twitter employees have been told that he will not lay off 75 percent of the employees. Earlier there were reports that Musk would lay off 75 percent or 5,600 employees from Twitter employees. According to a TechCrunch report, Musk visited Twitter headquarters late Wednesday and made it clear to employees that he would not fire so many people.
The court had given the deadline till Friday
Musk was embroiled in the but-buts for several months over the acquisition of Twitter. The US court had given him a deadline of Friday to complete the acquisition of Twitter. Failure to do so, Musk was warned of facing trial in a Delaware court. However, Musk took over Twitter on Friday before the deadline.
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