Elon Musk himself will become the interim CEO of Twitter, replacing Parag Agarwal!


The world’s richest man and Tesla CEO Elon Musk recently bought the microblogging platform Twitter, the deal was completed for $ 44 billion. Now Musk is likely to become the interim CEO of Twitter after the acquisition of the social media giant. A person familiar with the matter said on Thursday that Musk is going to collect money from this deal.

Tesla shares fell more than 8 percent in the past day as investors worried that Musk’s association with Twitter could sideline him from becoming the world’s biggest electric carmaker. Twitter shares, on the other hand, posted gains, up nearly 4% from $50.89 at $54.20, as investors pinned growth on higher chances of a new funding deal being completed.

Twitter’s current CEO, Parag Agrawal, took over as CEO in November. Twitter’s CEO can stay till this deal is completed. CNBC report It has been revealed that Elon Musk may become the new interim CEO of Twitter.

Elon Musk is the richest person in the world as well as the CEO of Tesla Inc. and also the head of two other companies, The Boring Company and SpaceX. Elon Musk has often criticized Twitter, so it is likely that he himself will make changes at a special level by taking command of it. Musk has been suggesting changes to Twitter since last month. Prior to the deal with Twitter last month, Musk suggested some changes to the Twitter Blue premium membership service, including reducing the price.

Twitter usage may be charged

A few days ago, Elon Musk tweeted that Twitter will always be free for normal users, but a small charge can be taken for commercial and government users. Musk said in a tweet that ‘Twitter will always be free for casual users, but there may be a small fee for commercial / government users.’ Now there is not much information about when this fee will be imposed.

Leave a Comment