Twitter now belongs to Elon Musk. This deal, which was going on for 7 months amid controversies, was finally completed on Thursday. As soon as he became the chief of Twitter, he first removed CEO Parag Agarwal. Along with this, he also sacked two more officers – Chief Financial Officer (CFO) Ned Sehgal and Legal Affairs and Policy Chief Vijaya Gadde.
Musk, the world's richest man and owner of Tesla Company, tweeted that as soon as the deal was done - the bird was free. Earlier he said, 'I want people to watch movies and play video games on Twitter.'
Apart from these, 5,600 employees may be laid off.
According to a report in The Washington Post, Musk can lay off 75% of the company's 7,500 employees, or about 5,600 employees. He had said this to potential investors during the Twitter deal. However, after this report came, Twitter's General Counsel Sean Edget denied it. By sending an email to the employees, he said that the company is not making any plans for layoffs.
Now let us consider the events of the last two days sequentially.
1. When was the deal filed
Elon Musk signed the deal on Thursday (October 27).
2. Why CEO Parag Agarwal was removed
Musk has accused Parag and two officials of misleading him and Twitter investors about the number of fake accounts on the social media platform.
3. What were the reasons for the deal?
First: Musk indicated that Twitter's ad policy would also be changed in the future. "I want Twitter to be the best advertising platform where users of all ages can watch movies or play video games," Musk said.
Second: Musk says that he has dealt with Twitter not to earn more money, but to help humanity. The court had asked Musk to finalize the Twitter deal on the existing terms by October 28.
4. Reached Twitter Office, Talked to Employees
On October 27, Elon Musk also changed the bio of his Twitter handle earlier. He wrote 'Chief twit' in the bio. After this, the Twitter headquarters arrived with the sink. Sharing the video, he wrote that. 'Entering Twitter HQ – let that sink in! Also, talked to employees. Some pictures of it were shared on Twitter.
understand the whole matter now
On April 14, Musk offered to buy Twitter for $43 billion. Musk had said that I am offering to buy a 100% stake at $54.20 per share at a 54% premium from the day before I started investing in Twitter. This offer is my best and last and if it is not accepted, I will need to reconsider my position as a shareholder.
Musk owned a 9.2% stake in Twitter. Its information was revealed on 4 April. Musk may have offered $43 billion in the initial filing, but after Twitter approved the deal, this figure reached $44 billion. However, Musk later said that he was canceling the deal due to a lack of accurate information about the spam account. After the deal was canceled, Twitter reached the court.
11,000 employees were fired from Facebook-Whatsapp and Instagram: For the first time in 18 years, such a big layoff, the reason for the decline in revenue
Facebook, WhatsApp, and Instagram's parent company Meta Platforms Inc. has fired 11,000 of its employees. For the first time in the company's 18-year history, such a large number of employees have
Google Pixel 7A launch date revealed phone will be launched this week, know the features and price
Google has prepared to launch its new mid-range phone Google Pixel 7a in India. This phone will be launched in India on 11 May. The phone will be sold through Flipkart. Ahead of the official launch of
U19 WC 2024 Final: There will be a title battle between Australia and India, captain Uday Saharan is confident of victory
Captain of the Indian team, which reached the Under-19 World Cup final for the fifth consecutive time, Uday Saharan has given credit for this to the mutual coordination of the players and said that
Manipur: Will CM Biren Singh resign? Manipur government under heavy pressure due to sexual harassment of women
There has been anger and resentment across the country ever since the video of two women being paraded without cloth and allegedly gang-raped in Manipur surfaced. Massive protests are also taking
The Marvels Hindi Teaser: Kamala's amazing performance with 'Captain Marvel', first teaser of 'The Marvels' released
Marvel's superhero movies have fans all over the world. There is good news for the fans. The Marvels, the next film of the Marvel Cinematic Universe, will be released this year and its first trailer
Heatwave Alert: Diseases started increasing with increase in temperature, Center alerted by writing a letter to the states
With the change in weather, the temperature has also started increasing gradually. However, this time in February itself, the temperature has started breaking many records. Even though the temperature
Vijayapriya Nithyananda: Who is Vijayapriya Nithyananda? Poison spewed against India by Kailasa in UN meeting
Representatives of controversial self-styled godman Nithyananda's so-called country 'The United States of Kailasa (USK)' attended a meeting of the United Nations last month. This partnership has
Earthquake: Entire North India including Delhi NCR shaken by the earthquake, people came out of their homes with children in their arms.
Earthquake tremors are being felt frequently in India. At the same time, once again a strong earthquake has occurred in the entire North India including Delhi-NCR, UP, Bihar, and Uttarakhand. The
Death sentence to 5 people in Iran: These protesters were accused of killing a soldier, 11 including 3 children were jailed
Five anti-hijab protesters have been sentenced to death in Iran. According to the statement issued by the Judiciary Department, imprisonment has also been announced for 11 people. These include 3
Ujjain Rape Case: 72 hours ... 1000 CCTV footage ... five accused arrested; How to set up a rape case with a solved girl?
Ujjain Rape Case: A case of embarrassing humanity has come to light in the city of Baba Mahakal, which shook the whole country. A 12 -year -old minor girl is raped here. The girl wanders from rate to