The hustle and controversy around Elon Musk-Twitter deal are finally over as Space-X and Tesla CEO buys out Twitter which has been in controversy since April. Elon Musk in the first order of business fired a number of significant executives including CEO Parag Agrawal.
Apart from Parag who succeeded Jack Dorsey as CEO of Twitter, Elon Musk reportedly let go of Ned Segel, the head of finance, Vijaya Gadde, the chief legal officer, and Sarah Personette, the chief customer officer.
Earlier on Oct 27, Mr Musk visited Twitter’s headquarters in California to take over the charge of the micro-social media platform as a part of his $44 billion.
Elon-Twitter deal roller coaster
After Musk announced the Twitter deal in April, he tried to withdraw his bid to purchase Twitter later month. He highlighted Twitter’s “false and misleading” claims made during negotiations as his justification at the time. In October, Musk made a second change of heart and decided to proceed with his plan to purchase Twitter.
Now since the SpaceX founder is the official owner of Twitter, Musk started firing top officials in large numbers offering a hefty payout. If we go with the Business Insider report, Parag Agrawal received $38.7 million, Segal received $25.4 million, Gadde is compensated $12.5 million, and Personette would get $11.2 million.
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Future of Twitter with Elon Musk
Since Elon Musk has already spoken out about his desire to clean the platform of bots and it is believed to be his first order of business. In a press release after acquiring Twitter, Elon Musk revealed his intention to build the platform as a common digital town to share and debate on the healthy matter.
Also, Musk says that high-relevance advertising is actual content, whilst low-relevance ads are nothing but spam. In an interaction with Twitter staff in June, Elon Musk shared his desire to convert Twitter similar to WeChat in China which is an everything app.
