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.
Elon Musk finished buying Twitter Inc. for $44 billion late on Thursday, and his first action was to remove the senior executives of the social media business whom he accused of deceiving him about the volume of spam accounts on the network.
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. The sources added that Agrawal and Segal were removed from Twitter’s San Francisco offices where they were present when the agreement was finalized.
While limiting censorship, the CEO of electric vehicle manufacturer Tesla Inc. has stated that he wants to “beat” spam bots on Twitter, make the algorithms that decide how information is presented to its users public, and prevent the network from becoming an echo chamber for hate and division.
However, Elon Musk hasn’t provided any information on how he plans to do all of this or who would lead the company. He has stated that he intends to make employment cuts, which has caused concern for the 7,500 or so employees of Twitter. On Thursday, he said that he bought Twitter not to increase his wealth but rather “to try to benefit humanity, whom I adore.”
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 phony accounts on the social media site.
The sources added that Agrawal and Segal were removed from Twitter’s San Francisco offices where they were present when the agreement was finalized.
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