Elon Musk takes over Twitter, CEO Parag Agrawal to exit


Efforts by former Twitter CEO Jack Dorsey to reconcile Musk, a longtime Dorsey good friend, and Agrawal after the deal was introduced additionally ended poorly. “At the very least it grew to become clear that you would be able to’t work collectively,” Dorsey messaged Musk after a bunch name. “That was clarifying.”

Agrawal received’t be leaving empty handed. As a part of the deal, the CEO will vest 100% of his unvested fairness awards, in accordance with a submitting. Analysis agency Equilar estimated which means he’ll make an estimated $42 million, Reuters reported.

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As Twitter’s head of authorized and coverage points, Gadde has overseen the creation and enforcement of guidelines for a whole lot of hundreds of thousands of web customers, together with distinguished ones which are topic to looser content material limitations underneath the corporate’s exemptions for newsworthy posts or world leaders’ communications. In buying Twitter, Musk has promised to show it right into a less-restrictive platform free of charge speech, a transfer he has stated is “important to a functioning democracy.”

Gadde was hit with a spate of on-line abuse earlier this yr after Musk publicly criticised content-related choices at Twitter. The corporate completely banned former US president Donald Trump in January 2021 following his supporters’ assault on the Capitol. Musk’s statements main as much as his buy of the social-media firm have led many to anticipate the billionaire will restore Trump’s account and reinstate different customers who’ve been blocked for breaking guidelines on offensive or harmful content material.

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