Elon Musk to Take on CEO Role After Twitter Deal
Oct 29, 2022
Enrich Africa
2 minute(s) Read
News featured image

After Elon Musk completed his Twitter takeover, multiple reports and tweets from company employees suggested that he fired CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust, and safety Vijaya Gadde. Now he might take over the top job — at least for now.


A report from Bloomberg suggested that Musk will take up the CEO position, but will hand it over to someone else in the long term. As a CEO he will have to take care of different challenges, like 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 tenuous relationship with Musk. The Tesla CEO famously tweeted a poop emoji in reply to Agrawal’s lengthy thread about spam on the platform. The process leading up to the Twitter v. Musk trial revealed a trove of texts between different investors and executives. While Agrawal and Musk began their conversation cordially, their relationship soured over time.


Bloomberg’s report also mentioned that Musk plans to lift lifelong bans on users. Twitter famously banned former President Donald Trump last year for breaking the platform’s rules and over the “risk of further incitement of violence” following the U.S. Capitol attack. This step of unbanning all users might draw mixed reactions across the political spectrum, and will test the billionaire’s efforts as to how far he wants to go to make Twitter the “digital town square” he wants it to be.


READ ALSO - Featured: How Elon Musk Became the New Twitter Boss


We have heard a lot about Musk’s ideas as the top man of Twitter. That included suggestions of building “X, an everything app” to monetizing tweets in different ways. There has been a lot of uncertainty around how the Tesla CEO will handle layoffs and restructure teams at the social network during the course of the whole takeover deal starting from April.


While Twitter’s CEO, CFO and top lawyers were fired today, several top executives, including former GM of consumer, Kayvon Beykpour and former revenue product lead Bruce Falck have left the company since Musk initiated the deal. Given so many empty seats at top management, Musk has to bring in some top talent to execute things he wants to achieve at Twitter.

(Source)


Oct 29, 2022
Enrich Africa
2 minute(s) Read
Tags
Elon Musk
Twitter
Categories
News

Similar News

May 20, 2024

Egyptian and Tunisian Startups Chosen for Climate-Focused Mega Green Accelerator

Read More
May 26, 2024

Google to Construct First Subsea Fiber-Optic Cable Linking Africa and Australia

Read More
May 21, 2024

Nigerian Startups Secure 30% of $15 Billion Funding by African Startups Over Five Years

Read More

Are you a start-up or an entrepreneur in Africa?

Subscribe to our mailing list

Say Hello!

Contact Us