Last week, Twitter had finalised its takeover by Elon Musk who had earlier wished to purchase the social media company.
New Delhi: Almost a week after Tesla CEO Elon Musk took over Twitter, uncertainty prevails over the future of the incumbent team and CEO Parag Aggarwal. According to media reports, Musk is mulling to replace Aggarwal, legal head Vijaya Gadde and other team members as he has already lined up a new Chief Executive to lead Twitter. If reports are to be believed, Musk had showed no confidence in the company’s current management.
Musk, in tweet after the takeover, had said that he would like to change Twitter into a place of “maximum fun” and since then speculations are rife that he may change the entire team of Twitter and change its existing policies.
Meanwhile, it is yet to be known that who will be the new Twitter CEO after Aggarwal. It is being reported that the Indian origin CEO will be sacked or asked to resign and receive over $40 million in compensation.
However, earlier in his tweet, Agarwal seemed confident about his future at Twitter. “I took this job to change Twitter for the better, course-correct where we need to, and strengthen the service. Proud of our people who continue to do the work with focus and urgency despite the noise,” he tweeted a day after Musk’s takeover.
Last week, Micro-blogging site Twitter had finalise its takeover to Elon Musk who had earlier wished to purchase the social media company.
Musk, a ‘free speech absolutist’, has always been critical of the policies of the platform. He always maintains that Twitter needs to be taken private to grow and become a genuine platform for free speech. Twitter had previously invited Musk to join its board of directors but the SpaceX head had declined.
A day after the acquisition, Twitter founder Jack Dorsey had extended his support to Elon Musk’s takeover of the platform. Tweeting in support of the takeover, Dorsey had said, “The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”
Tesla CEO Musk had taken over the social media platform at a $44-billion cash deal.