financetom
Business
financetom
/
Business
/
Elon Musk is planning on taking CEO role at twitter: Reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elon Musk is planning on taking CEO role at twitter: Reports
Oct 28, 2022 1:46 AM

After closing the $44 billion deal to take over Twitter, Elon Musk is all set to take over the role of the chief executive officer at the microblogging website, as reported by Bloomberg.

The news comes a few hours after the reports stating that Musk has fired the social media company’s four top executives, including Indian-origin CEO Parag Agrawal and legal executive Vijaya Gadde.

Bloomberg also reported that Musk is planning to reverse lifetime bans on users.

Earlier in the day, Musk hinted at being the company's top boss after updating his profile's bio to "Chief Twit".

One of the interesting aspects of the whole firing fiasco is that this move comes a day after Musk denied the reports claiming that after closing the deal Musk will resort to mass layoff, which will amount to 75 percent of Twitter employees.

Also read: As the epic Twitter deal nears closure, what are Elon Musk’s plans for the platform?

The billionaire said he paid a visit to Twitter Inc's headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform.

"Entering Twitter HQ – let that sink in!" said the caption of a video that Musk tweeted in which he was walking into the Twitter office carrying a sink in his hands.

After the reports of the firings at Twitter, Musk shared a tweet saying: "The bird is freed".

Also read: Twitter CEO Parag Agarwal may get $42 million payout as he gets terminated by Musk

First Published:Oct 28, 2022 10:46 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hearing Solutions to utilise ₹50 crore fundraise for nationwide expansion, says managing director
Hearing Solutions to utilise ₹50 crore fundraise for nationwide expansion, says managing director
Nov 20, 2023
Hearing Solutions, the company behind the Hearzap hearing care chain, has successfully secured Rs 50 crore in funding from the healthcare and life sciences-focused private equity fund of 360 One Asset Management.
IPO is a significant milestone for startups, but should not be the ultimate goal, says expert
IPO is a significant milestone for startups, but should not be the ultimate goal, says expert
Nov 16, 2023
In a discussion with CNBC-TV18, Nisha Poddar engaged with industry experts Karan Sharma (MD & Co-Head of Digital & Tech Investment Banking at Avendus Capital), Disha Singh (Co-Founder at Zouk), and Rahul Chowdhri (Partner at Stellaris Venture Partners). The conversation delved into the prevailing challenges for startups amidst a funding winter, exploring viable options and shedding light on the practicalities of deals in the startup landscape.
Lendingkart CEO calls for innovative approaches to tackle credit crunch in SME sector
Lendingkart CEO calls for innovative approaches to tackle credit crunch in SME sector
Nov 17, 2023
Lendingkart CEO Harshvardhan Lunia discussed Lendingkart's performance, highlighting the increased credit demand in the SME space during the festive season. He attributed this surge to a more celebratory Diwali season and reported substantial growth for Lendingkart.
Experts decode the best practices India's startups need to adopt as they commit to gender parity
Experts decode the best practices India's startups need to adopt as they commit to gender parity
Nov 16, 2023
Despite women holding only 19% of corporate positions, there is a glimmer of hope in the startup landscape. The ACT's Women in India’s Startup Ecosystem report reveals that 35% of the Indian startup workforce is female. By taking targeted and timely actions, the representation of women in startups could potentially reach 50% by 2030.
Copyright 2023-2026 - www.financetom.com All Rights Reserved