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Elon Musk’s Twitter ownership starts with firings, uncertainty
Chief Executive Parag Agrawal, CFO Ned Segal and legal affairs and policy chief Vijaya Gadde terminated.
www.dawn.com
Elon Musk’s Twitter ownership starts with firings, uncertainty
Reuters Published October 28, 2022 Updated about an hour ago
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Elon Musk became Twitter Inc’s owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.
“The bird is freed,” he tweeted after taking control.
The CEO of electric car maker Tesla Inc has said he wants to “defeat” spam bots on Twitter, make the algorithms that determine how content is presented to its users publicly available, and prevent the platform from becoming an echo chamber for hate and division, even as he limits censorship.
Yet Musk has not offered details on how he will achieve all this and who will run the company. He has said he plans to cut jobs, leaving Twitter’s approximately 7,500 employees fretting about their future. He also said on Thursday he did not buy Twitter to make more money but “to try to help humanity, whom I love”.
Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter. He had accused them of misleading him and Twitter investors over the number of fake accounts on the social media platform.
Agrawal and Segal were in Twitter’s San Francisco headquarters when the deal closed and were escorted out, the sources added.
Twitter, Musk and the executives did not immediately respond to requests for comment.
