CEO of Twitter Among Top Executives Who Is Leaving As Elon Musk Takes Over

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Last Updated on October 28, 2022 by Bitfinsider

Sources have reportedly claimed that Twitter CEO Parag Agrawal is one of the top executives who plans to leave when Elon Musk finishes his $44 billion deal to take over the social network.

Vijaya Gadde, who is in charge of legal, policy, and trust, Ned Segal, who joined Twitter in 2017, and Sean Edgett, who has been the company’s general counsel since 2012, are also leaving, according to people who know about the situation but declined to be named as the information has not been disclosed publicly.

When co-founder Jack Dorsey quit out of the blue in November, Agrawal took over as CEO. Agrawal had worked at Twitter for almost a decade, most recently as chief technology officer. However, Musk’s arrival as a major shareholder and increasingly vocal opponent of the company’s current leadership quickly put an end to Agrawal’s time as CEO.

When Musk showed up, it was clear that Agrawal probably wouldn’t keep his job. Musk said in an early filing about the deal, “I don’t have confidence in management.” The two executives then took some public shots at each other. In May, Agrawal defended the company’s user metrics on Twitter. When Musk saw this, he replied with a poop emoji.

Agrawal will not be departing with nothing. A filing says that as part of the deal, the CEO will get all of his unvested stock awards. Reuters said that research firm Equilar said that means he’ll make about $42 million.

Elon Musk suggested accepting Dogecoin on Twitter

Earlier this year, the CEO of Tesla and SpaceX suggested that the firm add a “authentication checkmark” as a feature to its $2.99 a month Twitter Blue premium subscription service.

When an account has been verified as “genuine, notable, and active,” Twitter adds a checkmark icon next to the user name.

Musk also suggested that Twitter differentiate the authentication checkmarks given to users with premium subscriptions from those given, for instance, to official accounts belonging to public personalities.

Musk claimed that such a change would “massively expand” the number of verified user accounts and stop spam “bot” accounts from proliferating by making them too expensive to operate.

Musk also offered suggestions for how Twitter should set its membership fees, noting that they “should be proportionate to affordability and in local currency,” and that “maybe even an option to pay in Doge?” referring to the cryptocurrency Dogecoin.

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