Elon Musk, the world’s richest man, recently surprised people by taking over the social media platform Twitter in a $44bn deal. He announced the news by tweeting, “the bird is freed,” and claimed that the platform would see good times with this move. Since the takeover, CEO Parag Agrawal has been fired. Per reports, some executives, along with Mr Agrawal, were escorted out of the headquarters of Twitter in San Fransisco.
Though Elon Musk has tweeted about his interest in buying Twitter for a long time, he finally achieved his dreams. With this deal, the future of the popular social media platform is in question, and the employees are undergoing episodes of confusion and doubts about their careers in the company.
On October 28, the New York Stock Exchange, which trades in Twitter’s shares, got suspended. A prime reason leading to the suspension is “merger effective”; it has given birth to some speculative theories.
A media report revealed that even the chief legal executive of the platform, Vijaya Gadde, is leaving the firm with Mr Agrawal. Following the termination of Parag Agrawal and other executives, Bret Taylor, who had been chairman till last November, displayed his gratitude to them. He called them massive talents and beautiful human beings.
Elon Musk has always portrayed a differing attitude toward Twitter’s policies and management style. As he takes charge, the social media platform will undergo a lot of policy amendments. Last year, Twitter banned the accounts of some personalities, including Donald Trump; we guess the new move will help Mr Trump through account recovery. Well, it’s just speculation; nothing is confirmed yet.
Prior to the takeover, specific reports claimed that employees working at this prestigious social media platform might lose their jobs as there would be job cuts. Now, that’s another speculation; we need to wait for some time to understand the new owner’s plans.