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Elon Musk, one of the world’s richest businessman, has removed its CEO Parag Agarwal, along with buying Twitter for $ 44 billion. Parag Agarwal was appointed as the first Indian-origin CEO of Twitter in November 2021. In addition to CEO Parag Agarwal, two more people including Vijay Gadde, head of legal, policy and trust, have been removed from the management people fired by Elon Musk. The New York Times has confirmed the completion of this acquisition in one of its reports.
In addition to CEO Parag Agarwal, two more people including Vijay Gadde, head of legal, policy and trust, have been removed from the management people fired by Elon Musk. The New York Times has confirmed the completion of this acquisition in one of its reports.
Elon Musk said in a security filing on April 14 this year that he had no confidence in Twitter’s management. Here, Parag, an alumnus of IIT Bombay and Stanford, had joined the company in 2011 and held many important responsibilities. He was made the Chief Technology Officer (CTO) of the company in 2017.
Parag was one of the youngest people to reach the top position of the world’s successful and big company at the age of just 38. He was also the youngest CEO of an S&P 500 company. Despite all the success, his removal from the post is shocking.
If media reports are to be believed, it was already expressed that if Musk bought Twitter, he would remove Parag Aggarwal. The relationship between the two was not normal. There was even an altercation between the two over the tweet.
When Musk made public his intention to buy Twitter in April, he later withdrew from the deal over issues of fake accounts. Elon Musk also accused Parag Agarwal of misleading.
Musk tweeted ‘Is Twitter dying (is Twitter dying)’? All these text messages were exposed in US court filings.
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FIRST PUBLISHED : October 28, 2022, 20:09 IST
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