TWITTER CEO PARAG AGRAWAL ELON MUSK FULL
TWITTER CEO PARAG AGRAWAL ELON MUSK TRIAL

Air India to add a new plane nearly every week for a year: CEO.Is food inflation back to haunt the Indian economy?.Kotak Mahindra Bank drops after naming outsider as new CEO.Chip-enabled E-passports in India soon: Here's all you need to know.Sensex continues slide down over 600 points, gives up 64,000 level.Nitin Gadkari's clear message to Elon Musk's Tesla: 'If you make in China, and want to sell it in India.'.IT stocks lead fall in Sensex, Nifty amid global slide.Axis Bank's September quarter profit rises 10% to RS 5,864 crore.He has instead launched his own social media app, Truth Social. Musk said in May he would reverse the ban on Donald Trump, who was removed after the attack on the US Capitol, although the former US President Donald Trump has said he won't return on the platform. These 'heavy tweeters' account for less than 10% of monthly overall users but generate 90% of all tweets and half of global revenue. But Twitter is struggling to engage its most active users who are vital to the business. 'The long-term potential for Twitter in my view is an order of magnitude greater than its current value,' Musk said on Tesla's call with analysts on Oct 19. Musk has indicated he sees Twitter as a foundation for creating a 'super app' that offers everything from money transfers to shopping and ride hailing. 'Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!' Musk said in an open letter to advertisers on Thursday. He also tried to calm fears among employees that major layoffs are coming and assured advertisers that his past criticism of Twitter's content moderation rules would not harm its appeal. He walked into Twitter's headquarters on Wednesday with a big grin and carrying a porcelain sink, subsequently tweeting 'let that sink in.' He changed his description in his Twitter profile to 'Chief Twit.' 'Chief twit' Since then, Musk has indulged the deal hype. 28 deadline to close the transaction and avoid the trial.

TWITTER CEO PARAG AGRAWAL ELON MUSK TRIAL

4, just as Musk was set to be deposed by Twitter's lawyers ahead of the start of their trial later in the month, he performed another u-turn and offered to complete the deal as promised. Their view did not change even after Twitter's former security chief Peiter Zatko stepped forward as a whistleblower in August to allege that the company failed to disclose weaknesses in its security and data privacy. Most legal analysts said Twitter had the strongest arguments and would likely prevail in court. Twitter accused Musk of buyer's remorse, arguing he wanted to get out of the deal because he thought he overpaid. Four days later, Twitter sued Musk in Delaware, where the company is incorporated, to force him to complete the deal.Įlon Musk completes take over of Twitter, fires CEO Parag Agrawal, other top executives By then, shares of social media companies and the broader stock market had plunged on concerns that the Federal Reserve's interest rate hikes, as it seeks to fight inflation, will push the US economy into recession. The acrimony resulted in Musk giving notice to Twitter on July 8 that he was terminating their deal on the grounds that Twitter misled him on the bots and did not cooperate with him. His lawyers then accused Twitter of not complying with his requests for information on the subject. He complained publicly that he believed Twitter's spam accounts were significantly higher than Twitter's estimate, published in regulatory filings, of less than 5% of its monetizable daily active users. In the weeks that followed, Musk had second thoughts. This happened without Musk carrying out any due diligence on the company's confidential information, as is customary in an acquisition. Musk's offer was real, and over the course of just one weekend later in April, the two sides reached a deal at the price he suggested. The world's richest person then agreed to join Twitter's board, only to balk at the last minute and offer to buy the company instead for $54.20 per share, an offer that Twitter was unsure whether to interpret as another of Musk's cannabis jokes.

It began on April 4, when Musk disclosed a 9.2% stake in the San Francisco company, making him its largest shareholder.

TWITTER CEO PARAG AGRAWAL ELON MUSK FULL

The $44-billion acquisition is the culmination of a remarkable saga, full of twists and turns, that sowed doubt over whether Musk would complete the deal. Twitter, Musk and the executives did not immediately respond to requests for comment.

Twitter ceo parag agrawal elon musk