Twitter’s Fired CEO Parag Agrawal Used to be By no reach Going To Please All people — Now It’s Elon Musk’s Turn

Twitter’s Fired CEO Parag Agrawal Used to be By no reach Going To Please All people — Now It’s Elon Musk’s Turn

Parag Agrawal is leaving Twitter with a payout that will likely be as high as $57.4 million (Characterize by Kevin Dietsch/Getty Photos)

Getty Photos

When Elon Musk done his $44 billion takeover of Twitter on Thursday night, he without lengthen cleaned house. Amongst the high profile axes became chief executive Parag Agrawal, the handpicked successor of cofounder Jack Dorsey. All knowledgeable, Agrawal’s abrupt firing caps off one in every of the strangest tenures in most modern memory for a huge tech CEO, and fashions the stage for enormous uncertainty because the Musk era begins.

The two males notify practically diametrically adversarial approaches: the aloof, product-driven manner of an operations tactician versus the brashness of the area’s richest person. Now it be up to Musk to draw end a look at to shepherd one in every of presumably the most moving social networks in the area.

“[Agrawal] became in an not likely pickle as any person who became no longer going to delight all people,” said Bob O’Donnell, necessary analyst at Technalysis. “It became an extraordinarily refined job that I’m unsure any one might perhaps well presumably additionally possess handled — I’m unsure Musk might perhaps well presumably additionally either.”

Musk, Agrawal and Twitter didn’t reply to requests for comment.

Agrawal leaves on the help of an enigmatic legacy. His exit equipment is anticipated to tally as high as $57.4 million, in step with compare firm Equilar, an peep-popping sum for an executive who held the pickle for lower than a year.

“This is in the corridor of fame of golden parachutes,” said Dan Ive, senior fairness analyst at Wedbush Securities. “As a fiduciary accountability, he and the board, they’re popping champagne.”

Some Twitter employees reportedly feel like he didn’t rise enough to the event when the corporate became threatened by a hostile outsider. Within the help of the scenes, on the opposite hand, Agrawal tussled with Musk, sooner or later forcing him into a moving lawful struggle that in the end pushed him to appear at by on his novel expose to decide on Twitter. The live result is a blockbuster sale for shareholders — and an unsure future for Twitter employees and the practically 238 million those that employ the platform every month.

Musk and Agrawal’s totally different kinds is most efficient exemplified by their past interactions.

Twitter’s faded CTO, Agrawal took the tip job on the corporate final November. He became a proficient engineer and longtime confidante of Dorsey, who tapped him to overtake the corporate’s infrastructure and fabricate greater machine studying capabilities. But no subject lengthy travel plans Agrawal might perhaps well presumably additionally honest possess had as CEO evaporated when Musk entered the image.

Five months into his tenure, Agrawal went from a original chief studying the ropes to a CEO in an existential struggle for the long term of the corporate. Before every little thing, Musk had signed on to enroll in Twitter’s board. But as tensions grew, the billionaire reneged and launched a buyout belief, handiest to draw end a look at and help out after complaining about the replace of bots on the platform. In response, Twitter sued Musk to position in power the merger settlement.

Privately, Agrawal stood up to Musk, court docket records present. “You are free to tweet ‘is Twitter loss of life?’ or the leisure about Twitter – but it indubitably’s my accountability to sing you that it be no longer helping me fabricate Twitter larger in the most modern context. Next time we talk about, I might perhaps well presumably additionally get to you present you perspective on the extent of interior distraction honest now and the method it’s hurting our skill to realize work,” Agrawal texted Musk on April 9 in messages that had been disclosed as half of the court docket lawsuits.

Musk answered dismissively. “What did you procure done this week?” And a minute later, “I’m no longer becoming a member of the board. It’s a long way a destroy of time.”

Publicly, though, Agrawal became more reserved. His most distinguished instruct became a lengthy tweet thread explaining the corporate’s procedures regarding bots. Musk spoke back with a poop emoji.

No subject the media circus, Agrawal hasn’t gotten enough reward for his skill to withhold the corporate chugging, along with releasing original merchandise, said Ali Mogharabi, senior fairness analyst at Morningstar Compare Companies.

“Even all by that time, some extra aspects did reach out,” Mogharabi said. That involves Twitter Circles, for tweeting to smaller audiences, and a take a look at for a lengthy-coveted edit button. “They had been aloof running as frequent. You’ve got to present him credit rating for that.”

As for Musk, in the hours after the deal closed, tumult has already hit the platform: racists emboldened to employ the N-note, confusion over the pickle of Kanye West’s myth, and more questions on when of us banned from the social community will be allowed to reach.

Meanwhile, it appears to be like Musk has already signaled a important policy replace: Convening a “articulate moderation council” to rule on articulate choices and myth reinstatements, reputedly honest like Facebook’s Oversight Board. In note-up tweet, on the opposite hand, he clarified that he “had no longer but made any adjustments” to the policy.

Peaceable, it will likely be our first belief into Twitter’s Musk era.