Elon Musk takes control of Twitter, fires CEO Parag Agrawal

Elon Musk takes control of Twitter, fires CEO Parag Agrawal

Musk also fired CFO Ned Segal, and head of legal and policy Vijaya Gadde.

Elon Musk

Mumbai: Elon Musk started his ownership of Twitter by dismissing the company's CEO Parag Agrawal, CFO Ned Segal, and head of legal affairs and policy, Vijaya Gadde.

Tesla's CEO has stated that, while limiting censorship, he also wants to fight spam bots on Twitter, make the algorithms that decide how information is exposed to users public, and stop the social media site from turning into an echo chamber for hate and division.

The influential social media platform's new owner, Musk, fired top executives he had accused of deceiving him and offered no details on how he would carry out the ambitious goals he has set for it.

He has stated that he intends to make employment cuts, which has caused the 7,500 or so employees of Twitter to worry about their future.

Also Read: Elon Musk makes a human appeal to advertisers few hours before Twitter deal

Musk fired Twitter's chief executive officer Parag Agrawal, chief financial officer Ned Segal, and head of legal & policy Vijaya Gadde. Apparently, they had misled him and Twitter's investors over the prevalence of phoney accounts on the social media site.

The sources stated that Agrawal and Segal were escorted out of Twitter's San Francisco offices after the deal was finalised.

The $44 billion deal is the culmination of a remarkable saga full of twists and turns that cast doubt on Musk's ability to complete the deal. On 4 April, Musk disclosed a 9.2 per cent stake in the San Francisco company, making him the company's largest shareholder.