Musk started making changes in the company as soon as he took command of Twitter. Musk has also fired Twitter CEO Parag Agarwal as well as CFO Ned Segal, General Counsel Sean Edgett and Legal Policy, Trust and Security Head Vijaya Gadde. There was tension between Parag Agarwal and Musk ever since the bid was made for Twitter. Now all these people are reported to have left the office as soon as Musk stepped into Twitter. The Washington Times confirmed this.
Musk took the sink to the Twitter office a day before
Musk appeared at Twitter’s office a day before the deal was to be completed. He had reached with a sink in his hand. Everyone was surprised to see him like this. He also shared its video on his Twitter account. In the caption, he wrote, ‘Entering Twitter HQ, let it sink in.’ Not only this, before the deal was closed, he also wrote ‘Chief Tweet’ in his profile indicating himself to be the Chief of Twitter.
Why did Musk buy Twitter?
Elon Musk has also given the reason for buying Twitter. He wrote, ‘Many speculations were made about this, but most of them are wrong. I bought Twitter because it is important for culture to have a common digital town square. Where ideas can be debated in a healthy manner, without any violence.
Musk also wrote about many other aspects, including the ads that appear on Twitter. Musk said that irrelevant ads are like spam on the platform. But ads that relate to something important are actually important to the company as well. He said that the platform will no longer serve any content without head and feet.
When, how, through what controversies did this deal go through?
A deal worth $44 billion (about Rs 35.1 trillion) was signed between Elon Musk and Twitter in April this year. Musk put the deal on hold in May so his team could investigate Twitter’s claim that the number of bot accounts, or spam accounts, on the platform was less than 5 percent. Then in June, he warned Twitter about violating the agreement that he could withdraw from the deal if the company did not provide the data of spam accounts as per his request.
Twitter filed a lawsuit against Musk after Musk pulled out. Musk plans to end Twitter buyout deal in early July Announcement For which his team gave information by sending a letter to Twitter. Musk decided to cancel the deal because, according to him, the purchase agreement was violated several times.
At the same time, Twitter has maintained that no more than 5 percent of its accounts are run by software, which are not run by humans. While Musk kept saying that he thinks the number of bot accounts is more than 5 percent. Due to these bot accounts, Musk had talked about withdrawing his hand from this deal, after which there was a dispute between Twitter and Musk. Conflict had gone on increasing.
After that now again in October the discussion of this deal started heating up. Musk changed his mind and suddenly agreed to complete the pending deal. According to the lawsuit filed by Twitter, the Delaware court had ordered the deal to be completed by October 28. At the same time, Musk had reached the Twitter office a day earlier with Synch and surprised everyone.