Elon Musk takes control of Twitter, terminates CEO Parag Agarwal, gets him out of the headquarters

Tesla CEO Elon Musk has become the new owner of Twitter. According to a Reuters report, Twitter CEO Parag Agarwal and CFO Ned Segal have been terminated from the company only after Musk became the owner. Not only this, he was also thrown out of the company headquarters.

Elon Musk announced the purchase of Twitter on April 13 this year. He had offered to buy the social media platform for $44 billion at the rate of $54.2 per share. But then due to spam and fake accounts, he put that deal on hold. After this, on July 8, Musk decided to break the deal. But then in the beginning of October, he changed his stand and again agreed to complete the deal. Elon Musk surprised everyone by reaching Twitter’s office a day earlier.

Also read: Elon Musk is set to become new owner of Twitter! Deal almost finalized worth $43 billion

News agency Reuters quoted people associated with the matter as saying that Musk showed the way out to Twitter CEO Parag Agarwal, CFO Ned Segal and Legal Affair-Policy Head Vijaya Gadde. Musk accused him of misleading him and Twitter investors about the number of fake accounts on the social media platform. According to sources, when Elon Musk’s deal with Twitter was completed, Agarwal and Segal were present in the office. After this he was thrown out of the office. However, there was no statement from Twitter, Elon Musk or any official regarding this.

Recently, there was news that after the entry of Elon Musk in Twitter, the company’s employees may lose their jobs. The Washington Post quoted interviews and documents as saying that after buying Twitter, Musk could fire 75 percent of the company’s employees.

Elon Musk told the reason behind buying Twitter. Posting on social media, he wrote, “There have been many speculations about why I bought Twitter, but most of them have been proved wrong.” Musk revealed that he bought Twitter so that our future civilization can have a common digital space where people of different ideologies and beliefs can have a healthy discussion without any kind of violence.

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