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“When Elon Musk assumed control of Twitter in a widely discussed transaction in October of the previous year, one of his initial actions as the new owner was to terminate the then-CEO Parag Agrawal. Alongside Agrawal, Musk also dismissed several high-ranking executives of the company, resulting in thousands of employees losing their jobs. The platform, now called X, is markedly distinct from its state during Agrawal’s leadership.
A recent report from The Wall Street Journal unveils a meeting between Parag Agrawal and Elon Musk in 2022, during which Musk didn’t seem particularly impressed by Agrawal. This revelation stems from an excerpt from a forthcoming biography about Musk, written by Walter Isaacson, who closely followed Musk’s activities for three years.
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According to the book’s excerpt, Elon Musk and Parag Agrawal dined together in March 2022, before Musk had proposed to acquire Twitter. Following the meeting with the then-Twitter CEO, Musk described Agrawal as a ‘genuinely pleasant individual,’ but he opined that being liked by people isn’t a prerequisite for a CEO. Musk, as per the excerpt, believed that to be a CEO, one needed to possess a certain assertiveness. After the dinner, Musk remarked, ‘What Twitter requires is a forceful leader, and Parag does not fit that mold.’
It’s noteworthy that just before their meeting, Musk’s purchase of Twitter stocks became public knowledge. Moreover, by the spring of 2022, Musk had become Twitter’s largest shareholder.
Subsequent to Musk’s acquisition, Twitter’s valuation plummeted by over 50 percent. Musk had acquired the platform for USD 44 billion. However, five months following the acquisition, the social media platform’s valuation stood at USD 20 billion.
After dismissing Parag Agrawal in October, Musk took on the role of Twitter’s CEO. Nevertheless, in June of this year, Musk relinquished the position and appointed Linda Yaccarino as his successor.
What’s Currently Happening at X?
Presently, Musk is diligently working towards a complete transformation of Twitter into the ‘everything app,’ X, a vision he has articulated for years. Over the past few days, X has introduced a range of alterations, with more anticipated in the near future. These changes encompass the introduction of audio and video calls, adjustments to data collection practices, and revisions to political advertising policies.
The most recent modification announced by Musk is the restriction of poll participation to verified users exclusively. On Twitter, polls are conducted by both individuals and organizations to gather insights on various topics. However, in the future, only subscribers to Twitter Blue will be able to partake in these polls. Musk recently explained in a tweet that this change was implemented to prevent the spamming of Twitter polls by bots.”