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Parag Agrawal ‘escorted out’ of Twitter headquarters after Elon Musk takes over company

Speed News Desk | Updated on: 28 October 2022, 12:22 IST
Twitter CEO Parag Agrawal fired as Elon Musk takes over company.

After Elon Musk finalized his 44 billion dollars purchase deal of Twitter on Thursday, its top executives were sacked and escorted out of the company's San Francisco headquarters, as maintained by several media reports.

The Twitter executives who were laid off include CEO Parag Agrawal, legal affairs and policy chief Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.

Elon Musk had accused the top leadership at Twitter of misleading him and 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,” reported Reuters quoting sources.

“At least one of the executives who was fired was escorted out of Twitter’s office,” a New York Times report said.

Twitter, Elon Musk and the executives are yet to put out an official statement on the firings.

Musk, however, took to Twitter and stated “The bird is freed” in an obvious reference to the completion of 44 billion dollar deal.

Parag Agrawal had a bitter relation with Musk in recent months about the takeover in the midst of a remarkable chain of events, full of twists, that prompted qualm over whether the tech billionaire would complete the deal.

Earlier, Elon Musk had complained publicly that he believed Twitter's spam accounts were significantly higher than the company's estimate. According to Twitter's regulatory filings, the company said the spam accounts on the platform were less than 5 per cent of its monetizable daily active users.

The billionaire gave notice to Twitter on 8th July that he was breaking off their deal on the grounds that Twitter misled him about the bots and did not cooperate with him. Few days later, the social media platform sued Musk to force him to complete the deal.

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First published: 28 October 2022, 12:22 IST