While it’s possible Musk is trying to back out or re-price his purchase somehow, it’s just as likely that the notoriously mercurial billionaire is just tweeting his passing thoughts stream of consciousness-style, SEC fines be damned, in this case to the detriment of the company he’s ostensibly trying to buy. On Friday, Musk cast doubt over the whole thing, claiming that the deal is “temporarily on hold” as he reviews the social network’s ratio of bots to real accounts, just one of the platform’s many existential issues but the one that happens to be his pet issue.Īt the time of writing, that supposed development wasn’t supported by any financial filings or corroborating evidence. The Tesla and SpaceX CEO indeed looks to be locked into the Twitter deal at this point, but he continues to sow chaos and rack up likely SEC fines nonetheless. If Agrawal will survive that process and stick it out into the Musk era is anyone’s guess at this point. He was named as the new CEO by former chief exec and Twitter co-founder Jack Dorsey in a surprise statement to staff, media and the world. The Indian-American tech executive has worked at Twitter for a decade. He will be replaced by Twitters chief technology officer, Parag Agrawal, a 10-year veteran. Parag Agrawal is the new CEO of Twitter, as of Monday, November 29. Whatever Agrawal’s moves ultimately mean, the company appears to be switching tracks, getting rid of two figures who laid a lot of recent groundwork for growth in the process. Jack Dorsey is stepping down as CEO of Twitter, the social media company he co-founded in 2006. While Twitter languished for the better part of a decade without new products or investor-pleasing growth, the company has looked like a very different beast over the last year, shipping new consumer products left and right, solving for hard problems like harassment and experimenting with new revenue streams to set it free from advertising. Courtesy: Twitter Twitter’s new CEO will receive a major payday in addition to his promotion. What’s less clear is how Agrawal’s decision to cut influential leaders in the company squares with whatever vision Musk has in store. Twitter’s chief executive, Parag Agrawal, sought to quell employee anger on Friday during a company-wide meeting where employees demanded answers to how managers planned. Nicolas Vega atNickVega Share Parag Agrawal named Twitter CEO on Nov 29th, 2021. Hope the resume is polished and refreshed. 01 December 2021 - 8:02 AM Meet Parag Agrawal: Twitter’s new CEO Working his way up from software engineer to CEO, the new executive replaces Jack Dorsey to lead the company to a fresh future. 2 5 370 Show replies Crawl, Walk, Run tocrawlwalkrun Jack Dorsey will be taking a break from walking the 8.5 kilometres to Twitter HQ every day as he officially steps down as CEO, appointing Parag Agrawal to fill the big shoes.
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