After Elon Musk completed his Twitter takeover, multiple reports and tweets of employees of the company suggested that he fired CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and chief of legal policy, trust and security Vijaya Gadde, to leave the company immediately. Now he may be taking over the top job — at least for now.
A report from Bloomberg suggested that Musk will take on the CEO position, but eventually hand it over to someone else. As CEO, he will have to face several challenges such as user growth, revenue growth and content moderation hurdles.
Agrawal, who took over from Jack Dorsey last year after the Twitter co-founder left the company, has had a strenuous relationship with Musk. The famous Tesla CEO tweeted a poo emoji in response to Agarwal’s long thread about spam on the platform. The process leading up to the Twitter v. Musk trial uncovered a wealth of texts between various investors and executives. While Agarwal and Musk started their conversation warmly, their relationship soured over time.
The Bloomberg report also noted that Musk plans to lift lifetime bans for users. Twitter banned former President Donald Trump last year for violating the platform’s rules and because of the “risk of further incitement to violence” following the attack on the US Capitol. This move of shutting down all users could spark mixed reactions across the political spectrum, and will test the billionaire’s efforts to see how far he will go to make Twitter the “digital city square” he wants.
We’ve heard a lot about Musk’s ideas as the CEO of Twitter. That included suggestions to build “X, an app for everything” to monetize tweets in a variety of ways. There has been a lot of uncertainty about how Tesla’s CEO is dealing with layoffs and… restructure teams on the social network throughout the takeover deal from April.
While Twitter’s CEO, CFO and top attorneys were fired today, several top executives including former consumer GM Keyvon Beykpour and former revenue product leader Bruce Falck have left the company since Musk started the deal. Given so many empty seats at top management, Musk needs to bring in some top talent to carry out things he wants to achieve on Twitter.