Elon Musk Purchases Twitter: Elon Musk, the CEO of Tesla and a frequent social media user, purchased Twitter on Monday. Elon Musk has already declared his intention to acquire Twitter. Talk to Astrologer Online, Elon Musk has offered to acquire the Twitter board of directors for $ 54.20 per share. This was later agreed upon by the board members.
The possibility of removing Parag Agarwal from the job is being discussed.
With Elon Musk's purchase of Twitter, the firm that has been publicly traded since 2013 will suddenly be in private hands. The resignation of Twitter's current CEO, Parag Agarwal, has been the subject of the most speculation since Elon Musk purchased the firm. In November of last year, Indian-origin Agarwal was appointed CEO of Twitter. However, since Elon Musk purchased the firm, there has been conjecture regarding Parag Aggarwal's exit from the CEO role.
If Parag Aggarwal is dismissed from his position, a large sum of money must be paid.
According to a report by research firm Equilar, if Twitter fires Parag Agarwal before a year, i.e. before November 2022, the company will have to pay the present CEO $ 42 million, or Rs 3216 million.
Agrawal allegedly warned staff at a town hall gathering that the microblogging platform's future is now "uncertain." Parag stated that no layoffs were planned at this time, but confessed that "this is a period of uncertainty" and that he does not know which path "the platform will go."
According to Bret Taylor, Twitter's independent board chair, Twitter will become a privately held corporation when the takeover agreement is completed, and the company's board would be disbanded.
Elon Musk is not satisfied with Twitter’s Administration
Musk has already stated that he has lost trust in Twitter's administration. Chat with Astrologer, The choice to sell the platform to Tesla's CEO also indicates that the board is not confident in Agrawal's ability, as the firm is not profitable enough."Twitter serves a function and influences the entire planet. We are extremely proud of our staff, and we are motivated by the job that has never been more vital "Late Monday, Agrawal issued a statement.
According to sources, Agrawal was formerly Twitter's chief technical officer (CTO), and his total remuneration for 2021 was $30.4 million.
Allen purchased 9.2 percent of the stock in early April.
Let us remind you that Elon Musk purchased around 9.2 percent of Twitter's stock in early April. Astrology Advice Online, Since then, the existing Twitter board has been attempting to prevent him from acquiring the entire company.
On April 14, Musk stated that the current Twitter board of directors did not trust him. Upon this, following the revelation of Elon Musk's purchase of Twitter, it was rumored that Twitter's CEO, Parag Aggarwal, would be sacked soon. However, Twitter has not provided any clarity on this topic as of yet.
What users are expecting?
As we know that there are some major transitions with the Twitter and recently before buying twitter Elon Musk tweeted a question about “having an edit section in Twitter” so users already understood that there is something fishy and they started trending that tweet by their re-tweets that will Elon Musk is going to buy Twitter? So, users still have a question what will be the claws as earlier people used to have fake accounts so that they can misuse them for wrong purposes or for bullying or trolling.