Elon Musk removes CEO Parag Agarwal as soon as Twitter acquisition is complete, top management leaves

Elon Musk completed the Twitter acquisition deal on Thursday. As soon as he got the ownership of the company, Musk has shown the way out of many top executives including CEO Parag Agarwal. Musk has accused top Twitter executives of misleading him. Elon Musk said in a statement that he wants to defeat spambots on Twitter. He want to create an algorithm that determines how the content on the site is publicly visible. it can be determined. However, Musk has not yet provided any specific information regarding this action plan.

Elon Musk has completed his $44 billion deal for Twitter. The company's CEO and CFO were terminated and escorted out of headquarters https://t.co/nsktVzuCtn pic.twitter.com/SBWTIzqPnx

— Reuters (@Reuters) October 28, 2022

Elon Musk has made it clear that he plans to cut the company's employees due to which the employment crisis will arise in front of about 7,500 employees of Twitter. He also said on Thursday that he did not buy Twitter to make more money, but to try to help humanity.

According to information provided by people close to Musk, he has terminated Twitter CEO Parag Agarwal, Chief Financial Officer Ned Segal and Legal Affairs and Policy Chief Vijaya Gadde. Musk has alleged that several top officials, including Agarwal, tried to mislead him about the number of fake accounts on social media platforms. Agarwal and Segal were working at Twitter's San Francisco headquarters. They were thrown out after the purchase deal was completed.

Twitter's 44 billion buy deal was filled with controversy. Many times there was doubt about whether Elon Musk would complete this deal or not. Recently, Musk was given time till Friday to complete the deal. In which he was warned that, if he is unable to do so, then legal action will be taken against him.