Parag Agrawal, an alumnus of IIT-Bombay and a veteran at Twitter took charge of the micro-blogging site from co-founder Jack Dorsey in November last year. A well-known name in the San Francisco office, Agrawal has been with Twitter for a decade. He has started his journey at the company in 2011 and also served as chief technology officer (CTO) since October 2017 before assuming the role of the chief operating officer (CEO). From managing company’s technical strategy to overseeing machine learning and AI and re-accelerating user growth and scaling ads system and revenue, Agrawal has been one of the key instrumental figures behind making Twitter what it is today. Now, Elon Musk is all set to buy his favourite social media platform for $44 billion. What will happen to Agrawal and his role when Tesla boss takes charge of the social media platform by the end of this year?
Parag Agrawal’s Future in Twitter
During his virtual meeting with Twitter employees, hours after the company had agreed to the buy out proposal of Elon Musk, Agrawal said that he would remain the CEO until the deal is closed. However, he did not comment about what would happen after that. “There is indeed uncertainty about what will happen after the deal closes,” he told the employees.
Parag Agrawal to Get 42 million if He is Terminated Within a Year
Twitter CEO would get an estimated $42 million if he were terminated within a year of a change in role at the company, according to research firm Equilar, reported Reuters. The amount includes one year base salary of Parag Agrawal and accelerated vesting of all equity awards, the research firm estimated. It is based on the price of of $54.20 per share that Musk has offered.
Elon Musk Wants to ‘Make Twitter Better’
Musk has time and again openly criticised several policies of Twitter and how the management runs the platform. One of the main reasons SpaceX CEO has invested in the platform because he wanted to ‘make it better.’
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realise the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” Musk said while offering to buy Twitter.
So there is likely to be a host of changes in Twitter when it becomes a private entity and comes under the millionaire boss. It is nearly impossible for Elon Musk to take another leadership role as he already heads both Tesla and SpaceX. So it is likely that he will bring his own army to run the platform in future.
What Jack Dorsey Says About Musk’s Twitter Take Over
Jack Dorsey, the co-founder of Twitter, however said that Elon Musk and Agrawal share same goals for Twitter. “Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also
@paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart,” he said.
Now time will only tell who will run one of most popular social media platform of this decade.
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