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Elon Musk fires Twitter management

  • October 28, 2022
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Billionaire Elon Musk fired the company’s previous management right after he bought Twitter. According to the Ukrinform correspondent, CNBC is writing about it. “Twitter CEO Parag Agrawal and

Billionaire Elon Musk fired the company’s previous management right after he bought Twitter.

According to the Ukrinform correspondent, CNBC is writing about it.

“Twitter CEO Parag Agrawal and CFO Ned Segal have left the company’s headquarters in San Francisco and will not be returning,” the article said.

The head of the legal department, Vijay Gade, has also received notice of layoffs.

As reported, Musk offered Twitter Inc. in April to buy its shares in a deal totaling $44 billion. However, after the negotiation process began, the businessman said he withdrew from the offer because the company violated agreements and provided false information.

It was said that the company management is trying to mislead about the number of users of the social network due to the large number of bots. Also, the conflict arose against the background of Twitter Inc paying the network’s former head of service and his lawyers millions of dollars in damages without Musk’s consent. The allegations from the billionaire were made by the company’s management in connection with the concealment of cases of violations of cybersecurity rules, including hacking of user accounts.

The company applied to the court regarding the dispute with the billionaire.

Last week mask He offered Twitter Inc. to complete the deal to buy the social platform on terms discussed at the beginning of the process. Thereupon, the judge in charge of the case decided to postpone the case until October 28, upon Musk’s suggestion.

Photo: Getty Images

Source: Ukrinform

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