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Elon Musk makes hostile $43-billion Twitter bid: ‘Must become private company’

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Twitter is finally now a company owned by Elon Musk. Twitter’s CFO, CEO and policy chief have reportedly left the company’s office. Musk’s decision is not surprising given he has publicly accused Agrawal of misleading him on the number of spam-bot accounts.

Here’s a quick look at Agrawal’s short-lived term at the social media company.

CEO Parag Agrawal had taken over the job last November after the resignation of Twitter founder Jack Dorsey. He also has a PhD in Computer Science from Stanford University and has interned with other companies such as Microsoft, Yahoo, and AT&T Labs. He first joined Twitter in 2011, so he has worked here for nearly 11 years. Previously, he was Twitter’s Chief Technology Officer (CTO) and was appointed to the role in 2018.

As reported previously, he played a role in the company’s technical strategy, especially around machine learning and AI. He also led efforts on scaling Twitter Ads systems.Now, Musk has fired him, Agrawal’s stint at the job was less than a year.

October 28

Both the parties have to close the deal by Oct 28, 2022. If they do not, the Delaware Chancery Court judge overseeing the case plans to reschedule the trial in November. Musk had made the latest offer just two weeks before a Twitter lawsuit aimed at forcing Musk to go through with the deal.

Bitter relationships

After exchanging pleasantries and text messages over their love of engineering, a short-lived friendship between Agarwal and Musk sours after Musk publicly tweeted, “Is Twitter dying?” and gets a response from Agarwal calling the criticism unhelpful.

See also  Twitter's Chief Financial Officer made this statement regarding investing in cryptocurrencies

Musk finally ended the guessing game by taking over Twitter and tweeted on Friday, ‘The bird is freed’. Musk also took to Twitter to explain his stance in an open letter addressed to ‘Dear Twitter advertisers’. He said he would prevent Twitter from becoming a ‘free-for-all hellscape’ and build a ‘common digital town square.’

And as far as Agrawal is concerned, all is not lost. The former CEO will take home $42 million including his salary and equity awards, according to the reports.

Agrawal may have left Twitter but the Twitterati made him trend. There was a flurry of reactions from Twitterati, especially Indians who saw Agrawal as one of their own, holding the top position in one of the world’s most powerful social media platforms. The top trending hashtags in India were #ParagAgrawal #Twittertakeover #ElonMusk #TwitterHQ.

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