Tesla CEO Elon Musk has made a big decision by acquiring ownership of Twitter. According to a Reuters report, Twitter CEO Parag Agarwal and CFO Ned Segal have been fired from the company after Elon Musk became the owner. It is also reported that he has also been fired from the company’s headquarters.
Media reports say Musk has fired Twitter CEO Parag Agarwal, CFO Ned Segal and head of legal affairs policy Vijaya Gude from the company. Musk previously accused him and Twitter of misleading investors about the number of fake accounts on the social media platform. According to reports, Agarwal and Segal were in the office when Elon Musk finalized the deal with Twitter. However, no official statement has been issued by Twitter, Elon Musk or any official regarding this decision.
Earlier, it was reported that a large number of employees of the company may be laid off as soon as Elon Musk becomes the owner of Twitter. The Washington Post, citing interviews and documents, said that 75 percent of the company’s employees could be laid off after Musk buys Twitter.
When and how was the deal to buy Twitter completed?
Elon Musk announced the purchase of Twitter on April 13 this year. It offered to buy the social media platform for $44 billion at $54.2 per share. But the deal was shelved at the time, citing spam and fake accounts. Later on July 8, Musk announced that he would terminate the contract. Twitter had approached the court against this. Then in early October, Musk changed his stance and expressed his willingness to renegotiate the contract. Meanwhile, a Delaware court ordered the deal to be completed by October 28. According to the court order, the deal was completed by October 28.