Elon Musk and Parag Agarwal Twitter Deal

Elon Musk Revealing the reason behind the purchase of Twitter, he said that he has bought Twitter so that our future civilization can have a common digital space, where people of different ideologies and beliefs can live without any kind of violence.

This year 2022 is witness to many big events. On the one hand, while the war between Russia and Ukraine worried people around the world, the deal between the world's richest man Elon Musk and Twitter was also very much discussed. Finally, on October 28, the command of Twitter came completely in the hands of Musk. First of all, the company's CEO Parag Agarwal got out of the company, but you know what the tension between Musk and Agarwal was?

Parag Agarwal had taunted Elon Musk

Indian-origin Parag Agarwal, who was kicked out of Twitter, has been very vocal against Musk from the beginning. He had been in a tussle with the company's CEO Parag Agarwal since Musk bid for Twitter. After Elon Musk offered to buy Twitter, Parag Agarwal made many such statements, which clearly exposed the tension between the two. Let us tell you that Parag Agarwal told the employees in the town hall soon after the announcement of the deal, 'The future of the company is now in the dark, I do not know in which direction it will go.

Speculations were already being made

Since this statement of Parag Agarwal, speculations were being made whether he would be discharged from Twitter? On Friday, 28 October 2022, Elon Musk finally completed the Twitter deal and as soon as he came into action mode, Parag Agarwal was first shown the way out. Along with him, the company's Chief Financial Officer (CFO) Ned Segal has also been sacked. Apart from this, Vijaya Gadde, Head of Legal Policy, Trusts and Safety Department has also been fired.

Parag Agarwal of Indian origin became the CEO of Twitter in December 2021 only last year. Agarwal joined Twitter as a software engineer about 10 years ago and became the company's chief technology officer in 2017. After the resignation of Jack Dorsey, Parag Agarwal was made the CEO of the company, but as soon as he became CEO, Elon Musk offered to buy Twitter and within a year Parag Agarwal was discharged from the company.

Musk made this big allegation

Even after Elon Musk's announcement of canceling the Twitter deal, Parag Agarwal came out openly and he took many taunts on Musk in a cheeky manner. On the other hand, Elon Musk, who became the new boss of Twitter, had accused Parag Agarwal of misleading other senior executives and investors of Twitter, including Parag Agarwal, about the number of fake accounts on the social media platform. Musk had a deadline of October 27, 2022 to buy Twitter for $44 billion or face a court trial

Along with this, in a tweet on Friday from his Twitter account, Elon Musk said, 'the bird is freed.

These ups and downs came in the Twitter deal

April 4, 2022: Musk bought a 9.2 percent stake in Twitter and became the company's largest shareholder.

April 5, 2022: Being the largest shareholder, Elon Musk was offered a place on the Twitter board with conditions.

April 11, 2022: Twitter CEO Parag Agarwal shares information that Elon Musk will not join the Twitter board

April 13, 2022: Elon Musk wrote a letter to the board and offered $ 44 billion to buy Twitter.

April 15, 2022: To avoid Twitter takeover by Musk, the company announces poison pill.

July 8, 2022: Musk announces breaking the deal, saying that he does not give accurate information about spam bots.

July 12, 2022: Twitter appeals against Elon Musk in Delaware court after withdrawing from the deal.

$44 billion deal finally completed

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All this development, the Delaware Court gave Elon Musk a deadline of October 27 to finalize the $ 44 billion Twitter deal on the basis of existing terms. In the midst of an ongoing tussle over the purchase of Twitter for the past six months, Musk had received an order from the court to finalize the deal on the current terms, or else he would have to go through a full trial.