Elon Musk removes Indian American CEO in Twitter takeover
After completing his USD 44 billion acquisition of Twitter Inc, Elon Musk has said that he intends to replace Parag Agrawal as CEO of the social media platform and also intends to reverse the permanent ban on users, according to a Bloomberg report.
Agrawal was fired along with other major executives upon completion of the takeover, Bloomberg on October 28 reported.
According to multiple reports in US media, Twitter's Chief Financial Officer Ned Segal and legal and policy executive Vijaya Gadde were asked to go.
"The reason I acquired Twitter is that it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left-wing echo chambers that generate more hate and divide our society," he said in a statement on October 27.
The Tesla founder said that Twitter should be "warm and welcoming to all" and enable users to choose the experience they want to have. Further, Musk told advertisers that he wants the platform to be "the most respected advertising platform in the world."
Meanwhile, on October 26 Musk walked into the headquarters of Twitter in San Francisco, carrying the bowl of a sink. This action was the object of several memes on the internet.
Musk tweeted a video of himself carrying a kitchen sink and captioned it "let that sink in!"
He also changed his Twitter profile to read "Chief Twit".
In July, in a surprising turn of events, Elon Musk who had long been showing his interest to buy Twitter terminated the deal. The Tesla CEO did so by alleging that Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.
After Musk put out the deal termination announcement, the market saw a sharp decline. Later, Twitter sued Musk accusing him of using bots as a pretext to exit a deal.