Elon Musk Buy Twitter: The world’s richest man Elon Musk has bought the social microblogging site Twitter. Twitter Inc. has made an official announcement late Monday night. Despite not wanting the Twitter board, Elon Musk finally took over this social media platform. However, for this, Musk had to spend $ 44 billion. Twitter board members and employees are now looking worried after being sold to Elon Musk.
After Elon Musk’s purchase of Twitter, speculations have started about the future of the company’s Chief Executive Officer (CEO) Parag Agrawal. At the same time, Parag Aggarwal has told his employees in a meeting held at the Town Hall regarding this deal that the future of Twitter is now in the dark under the leadership of Musk. It is difficult to even predict in which direction the company is going to go now.
Also read- This share of Rs 3 made ₹ 1 lakh in 12 months, Rs 87.53 lakh
What will happen to Parag Agarwal?
According to research firm Equilar, if Twitter Inc CEO Parag Agarwal is removed from Twitter Inc, he will now have to pay $ 42 million i.e. Rs 321 crore in return. This is because only 5 months have passed since Parag Agarwal arrived. In such a situation, according to the rules of the company, Twitter Inc. will have to pay an estimated $ 42 million to Parag Agarwal if the term ends within 12 months.
Also read- Competition to sell the shares of this company after the cancellation of the deal of ₹ 24,713 crore, all the shares in the lower circuit
Why Musk wanted to buy Twitter
Musk, the chief executive of electric car giant Tesla, has been meeting Twitter shareholders over the past two weeks to seek support for his bid. During this, he also said that Twitter needs to be taken personally to grow and become a real platform for freedom of expression. Elon Musk tweeted on Monday night, ‘I hope my worst critics stay on Twitter, because that’s what free speech means…’ This tweet of Musk is becoming increasingly viral.