According to reports, Musk fired all of the top executives on Thursday, including the general counsel Sean Edgett, the head of legal, policy, and trust Vijaya Gadde, and the chief financial officer Ned Segal. Agrawal’s hiring was inevitable given his well-known conflicts and unsuccessful virtual meeting with Musk, even though it is still an aggressive and hasty Day One decision. It therefore comes as no surprise that Gadde, despite being a respected individual within the organisation, was among the first to depart the company.
Takes Full Control Of The Social Networking Website
The richest man in the world, Elon Musk who now controls twitter, is also the founder of the Boring Company, Neuralink, and OpenAI, as well as the CEO of Tesla and SpaceX. Musk’s perspective on the Twitter position can be influenced by his business and geopolitical interests.
Employees at the moment are already preparing for what it would entail. Since its inception, Twitter has made an effort to dispel the notion that it tolerates harassment and abuse by its users. The network, which has been criticised for being “toxic” or a “cesspool,” added features to mute and hide information in recent years.
Public-stakeholders Cashing Out On Stock
He now officially owns Twitter Inc. after five months of legal and extralegal arguments to and forth between the two parties. The deal’s commotion was simply a taste of what was to come. According to those familiar with the ongoing situation, Musk has already fired a significant portion of Twitter’s executive team, including the company’s CEO, and intends to take over as CEO immediately. The ownership of the company is being transferred from the public stockholders to a ragtag group of investors, including Larry Ellison of Oracle Corp. and others in addition to Musk.
