Billionaire Elon Musk, who recently announced the acquisition of Twitter, also wants to change the management of the company. It is being speculated that Parag Aggarwal of Indian origin may be stepping down from the post of CEO. Even before this Parag Agarwal’s wife Vinita has been entered on Twitter.
How did the wife’s entry happen: Vinita Agarwal’s entry is not direct. Indeed, US-based venture capital company Andreessen Horowitz has announced an investment of $ 400 million in Twitter. Vinita Agarwal, general partner of Andreessen Horowitz, who invests in biotech and medical companies, is married to Twitter CEO Parag Agarwal.
Musk himself to become CEO: It is also being claimed in the media report that after the completion of the acquisition process of Twitter, Elon Musk may become the temporary CEO. However, the search for a new CEO may be over soon.
Raised $7 billion: Elon Musk has raised more than $7 billion from a group of investors. Sequoia Capital Fund has committed $800 million and ViCapital has committed $700 million. Oracle co-founder Larry Ellison has agreed to invest $1 billion. Prince Alwaleed bin Talal bin Abdulaziz Alsaud of Saudi Arabia has pledged $35 million.
Tension also due to conflict of interest: Andreessen Horowitz could also be embroiled in a conflict of interest case with Twitter’s decision to invest. According to a Bloomberg report, difficulties may arise for the company’s co-founder Marc Andreessen.
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Let us tell you that Marc Andreessen is on the board of social-networking rival Meta Platforms Inc. Meta Platforms is the parent company of Facebook. Last year, Facebook was renamed Meta Platforms.