Elon Musk, the Tesla co-founder, and Twitter signed a deal on Monday. Musk is expected to buy Twitter for $44 billion (over Rs 3,36,927 crore), according to reports.
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Reuters reported that Twitter CEO Parag Agarwal told company employees on Monday that following the completion of Elon Musk’s deal with Twitter, Twitter’s future is unpredictable. The platform will go in any direction once the deal is finalized, Agarwal said at a meeting.
After the acquisition of Twitter by Elon Musk, the troubles of Indian-origin CEO Parag Agrawal are being expressed. Experts believe that Musk will not pursue the contract with Agarwal.
According to research firm Equilar, amid ongoing discussions about the possibility of CEO Parag Agarwal’s removal from Twitter, the company will have to pay him an amount of $ 42 million if he leaves within 12 months.
Human rights groups on Monday raised concerns about the potential for hate speech on Twitter after Elon Musk bought Twitter. Human rights groups are said to be concerned about his statement of “free speech absolutists”. In which he has said that I hope that even my worst critics remain on Twitter, because this is what free speech means.
The board is expected to change after Elon Musk bought Twitter. Recently, Elon Musk tweeted that if I win the bid for Twitter, then the board’s salary will be zero. By that, we mean 30 million dollars per year will be saved.
Musk recently said that free speech is essential for democracy to function. In addition, he said that Twitter’s algorithms will become open source, which should help gain the trust of users. Twitter has significant potential.
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Elon Musk buys Twitter for $44B
Twitter says that it will become a privately owned company under Musk’s ownership. As a result of the deal, Musk will have to pay $ 54.20 per share. The company now belongs to him 100 percent. As we mentioned earlier in April, Musk acquired a nine percent stake in Twitter.