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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

In Twitter takeover, 'Elon Musk loses $33 billion', departing CEO Parag Agrawal gains $42 million

Twitter Inc. Parag Agrawal Elon Musk Vijaya Gadde Tesla Inc. Telsa

Telsa CEO Elon Musk finally took over Twitter on Friday after months-long saga and immediately fired CEO Parag Agrawal, policy chief Vijaya Gadde and chief financial officer Nel Segal. Not only Parag Agrawal was sacked, but he was also "escorted out" from the Twitter headquarters after the take over by Musk, Reuters reported quoting sources.

After buying Twitter, Musk now owns the common "digital town square" which may be important for the "future of civilization". However, it may not be all bad for Twitter's sacked CEO Agrawal too- at least, from monetary perspective.

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