![]() ![]() ![]() According to the Times, it would allow users to make their own moderation decisions and apply their own algorithm to promote content. ![]() Known as Project Bluesky, it would create technology and protocols that would allow seamless sharing of content across multiple social networks. In 2019, Twitter’s founder and then-CEO, Jack Dorsey, announced that Twitter would fund an open-source project to create decentralized social media, with Agrawal at the helm. “There is currently great danger that social media will splinter into far-right wing and far left-wing echo chambers that generate more hate and divide our society.When he was promoted to Chief Technology Officer in 2017, Agrawal moved Twitter onto cloud computing services to address engineering problems that had caused sluggish growth. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk said in the message. ![]() On Thursday, Musk wrote a message to reassure advertisers that social messaging services wouldn’t devolve into “a free-for-all hellscape, where anything can be said with no consequences!” Twitter’s lawyers said that the Tesla CEO’s “proposal is an invitation to further mischief and delay.” When Musk said he was terminating the deal, Twitter sued the billionaire, alleging he “refuses to honour his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”Įarlier in October, Musk said he wanted to pursue his acquisition of Twitter at the original price of USD 54.20 a share if the social messaging service dropped its litigation. They had written an open letter to the board of directors and Musk, criticising his plans to lay off 75 per cent of the workforce.Īfter initially agreeing to buy the company in April, Musk spent months attempting to get out of the deal, first citing concerns about the number of bots on the platform and later allegations raised by a company whistleblower. Meanwhile, Twitter employees are still anxious about the expected layoffs as part of the takeover. However, the billionaire told Twitter employees during his visit to its headquarters that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform.Įarlier, Musk casually mentioned laying off Twitter staff in his tweets, without mentioning any figure. Reports earlier mentioned that Musk will fire 75 per cent, or 5,600 employees, from the Twitter staff globally. Musk is expected to reorganise Twitter and cut the workforce by a massive margin. Musk also “singled out” Gadde, 48, “criticising her for her role in content moderation decisions at the company”, it added.Īs the Twitter account of former US President Donald Trump was permanently suspended in January last year, Hyderabad-born Gadde was at the forefront of this dramatic decision undertaken within days of the attempted insurrection by pro-Trump supporters at the US Capitol. Parag Agrawal, 38, was appointed Twitter CEO in November last year after the social media site’s co-founder Jack Dorsey had stepped down.Īn IIT Bombay and Stanford alumnus, Agrawal joined Twitter over a decade ago when there were fewer than 1,000 employees at the company. Sarah Personette, the chief customer officer, would get $11.2 million. Twitter's chief financial officer Ned Segal, is set to receive $25.4 million and Vijaya Gadde, the chief legal officer, will be richer by $12.5 million after being fired. Not just Parag Agrawal, but other top executives who were fired by Elon Musk will also receive millions of dollars in the payout.Ī total of $88 million will be given out to Twitter's top executives who have been fired.Īccording to the details, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing". ![]()
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