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Elon Musk's proposed takeover of Twitter is poised to cause changes in one of the world's largest social media networks.

Elon Musk to buy Twitter: what comes next for the platform?

Elon&nbsp;Musk's proposed takeover of Twitter is poised to cause changes in&nbsp;one of the world's largest social media networks.&nbsp;

Elon Musk has always loved Twitter, and after years of couple-y fights, the two seem to be finally together!
The SpaceX and Tesla boss who enjoys a whopping following of 84.9 mn on the platform, is known for his prolific, and mostly controversial tweets.
On April 25, the board of social media platform Twitter agreed to a $44 billion takeover offer from Elon Musk. But how did we get here? Let&rsquo;s take a quick look.
How Elon Musk acquired Twitter
Elon Musk had joked about buying Twitter as early as 2017, but things got serious in 2022. The world&rsquo;s richest man reportedly started buying twitter stock in January, and according to reports by AP, had consolidated a 5% stake in the company by March 14.
By April 4, Musk had taken a 9.2% stake in Twitter, worth around $2.9 billion, making him the single largest shareholder. Twitter CEO Parag Agrawal then announced that Musk would be appointed to the company&rsquo;s board, an invite which Musk rejected.
Instead, on April 14, Elon Musk offered to buy Twitter outright, in an all-cash deal worth $43.4 billion.
Twitter was however, less effusive in its praise for Musk. Twitter went on the defensive, deploying a &lsquo;poison pill&rsquo; strategy, which would flood the market with newly created stock and make the takeover prohibitively expensive, even for the world&rsquo;s richest man.
On April 24, Twitter&rsquo;s board held discussions with Musk, wherein they seriously considered his offer. The discussions continued well into the next day, and the $44 billion deal was sealed on April 25.
Also Read:&nbsp;<a href="https://www.editorji.com/story/twitter-top-lawyer-cries-at-meeting-about-elon-musk-s-takeover-1651040316105" target="_blank">Twitter top lawyer cries at meeting about Elon Musk's takeover</a>
Under Musk, what next for Twitter?
Once Elon Musk takes over as owner, things are set to change.
Twitter, which is currently a publicly listed company, will turn private, and stockholders will receive $54.20 in cash for each share of Twitter common stock that they own.
Musk has, in the past, criticised Twitter for lacking features, which he may now work to add.
Among these has been the "edit Tweet" button, which Twitter users have long clamoured for. He has also called for the company&rsquo;s algorithm, which controls what content people see, to be made transparent and open source. He has also promised to &lsquo;defeat spam bots&rsquo;, authenticate all real human users, and combat cryptocurrency scams.
Elon Musk has regularly criticised Twitter for its alleged lack of adherence to free speech principles. In a statement announcing the deal, he refers to the platform as the &ldquo;the digital town square where matters vital to the future of humanity are debated&rdquo;. He has tweeted saying that wants even his worst critics to remain on Twitter.
Who will lead Twitter now?
While it is not clear who will lead the social media giant moving forward, but it looks like the end of the road for CEO Parag Agrawal, who took over from co-founder and former boss Jack Dorsey last November. According to a report by research firm Equilar, Parag Agrawal will get paid $42mn is he's sacked as CEO within 12 months of being appointed.
Also Read:&nbsp;<a href="https://www.editorji.com/story/elon-musk-to-buy-twitter-where-is-the-cash-coming-from-1650939316881" target="_blank">Elon Musk to buy Twitter; where is the cash coming from</a>
Twitter takeover: Opinion divided
Former Twitter CEO and founder Jack Dorsey has expressed cautious enthusiasm over the takeover, saying that he trusts Elon Musk to &lsquo;extend the light of consciousness&rsquo;.
But opinion is clearly divided.
Musk's fellow space enthusiast &amp; Amazon founder Jeff Bezos couldn't let the opportunity slide. He chimed in, flagging a post by a New York Times reporter who pointed to connections between Tesla and the Chinese government.
Many are not enthusiastic about Twitter&rsquo;s content moderation policy being under Musk's control, who calls himself a &lsquo;free speech absolutist&rsquo;.
Human rights organisation Amnesty International has expressed concern with any steps that Twitter might take to erode enforcement of the policies and mechanisms designed to protect users.
Some users have already threatened to quit the platform, among them British actor Jameela Jamil, who says she fears the new focus on free speech would help Twitter reach its &lsquo;final form of totally lawless hate, bigotry, and misogyny&rsquo;.
However, Republicans in the United States are already calling for former President Donald Trump be reinstated on the platform.
Elon Musk has, in the past, said that he would prefer &lsquo;timeouts&rsquo; over permanent bans as punitive measures for those who violate Twitter&rsquo;s policies.
Trump, on his part, has said he will not return to Twitter
Also Read:&nbsp;<a href="https://www.editorji.com/story/elon-musk-s-trinity-twitter-tesla-and-spacex-but-there-is-boring-and-neuralink-too-1650954512114" target="_blank">Elon Musk's Trinity: Twitter, Tesla and SpaceX, but there is Boring and Neuralink too</a>
Twitter users, on the other hand, are wasting no time in mining the whole situation for meme gold.
Some suggested that Musk could have just downloaded Twitter for free off the app store, instead of buying it for $44 billion, while others posted about Elon finally setting the caged bird free.
Many have pointed out Musk&rsquo;s free-wheeling approach to posting on his own Twitter profile, where he has been known to post irreverent memes, the latest comparing Bill Gates to the pregnancy emoji.
Whatever one may feel about Elon Musk&rsquo;s takeover of Twitter, one thing is for sure: the winds of change are afoot for one of the world&rsquo;s largest social networks.

According to a May 2022 article in The New York Times, if Musk removed him as chief executive, Agrawal could make USD 60 million, as per securities filings

Parag Agrawal's tenure as Twitter CEO ends as Musk takes control

According to a May 2022 article in The New York Times, if Musk removed him as chief executive, Agrawal could make USD 60 million, as per securities filings

When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic.
Less than a year into his job as CEO, India-born Agrawal was ousted from the company by its new owner billionaire Elon Musk who closed the 44 billion dollar deal to acquire the social media behemoth.
An IIT Bombay and Stanford alumnus, Agrawal joined Twitter in 2011 when there were fewer than 1,000 employees. Rising in the company, he became Twitter&rsquo;s chief technology officer in 2017. Considered a protege of Twitter co-founder Jack Dorsey, Agrawal was appointed CEO of Twitter after Dorsey stepped down.
Agrawal previously went to court to hold the Tesla chief to the terms of a deal he had tried to escape.
According to a May 2022 article in The New York Times, if Musk removed him as chief executive, Agrawal could make USD 60 million, as per securities filings.
Agrawal is married to Vineeta Agarwala, a physician and adjunct clinical professor at Stanford Medicine. They have two children.&nbsp;

In the newest 'Twitter Tales' Elon Musk sent Twitter CEO Parag Agrawal a poop emoji after the social media executive said it would be difficult to conduct an external review to determine the percentage of spam and fake accounts on the platform.Musk was clearly unimpressed as Parag Agrawal hit back at the billionaire about the handling of bots on Twitter. Agrawal tweeted on that spam “harms the experience for real people on Twitter” and that the company is “strongly incentivized to detect and remove as much spam as we possibly can, every single day.”
“Anyone who suggests otherwise is just wrong,” Agrawal tweeted.In a quick and expressive response the Musk the largest shareholder in Twitter sent back a poop emoji and followed it up with a question on how advertisers know they are getting their money's worth? Elon Musk who is looking to take over Twitter has vowed to put an end to the 'bot army' on the platform. Twitter has previously estimated that spam and fake accounts make up less than 5% of users on the platform.

Why Elon Musk tweeted poop emoji as a reply to Parag Agrawals tweet

Elon Musk who is looking to take over Twitter has vowed to put an end to the 'bot army' on the platform. Twitter has previously estimated that spam and fake accounts make up less than 5% of users on the platform.

Why Elon Musk tweeted a poop emoji to CEO Parag Agrawal

Twitter has estimated that spam, fake accounts make up less than 5% of the social media platform's users

In the newest 'Twitter Tales'&nbsp;Elon Musk&nbsp;sent&nbsp;Twitter&nbsp;CEO Parag Agrawal a poop emoji after the social media executive said it would be difficult to conduct an external review to determine the percentage of spam and fake accounts on the platform.
Also read/watch| <a title="Sri Lanka is out of petrol! New PM announces to crisis-hit nation" href="https://www.editorji.com/business-news/economy/sri-lanka-is-out-of-petrol-new-pm-announces-to-crisis-hit-nation-1652758709969">Sri Lanka is out of petrol! New PM announces to crisis-hit nation</a> Musk was clearly unimpressed as Parag&nbsp;Agrawal&nbsp;hit back at the billionaire about the handling of bots on Twitter.&nbsp;Agrawal tweeted that spam &ldquo;harms the experience for real people on Twitter&rdquo; and that the company is &ldquo;strongly incentivized to detect and remove as much spam as we possibly can, every single day.&rdquo;
&ldquo;Anyone who suggests otherwise is just wrong,&rdquo; Agrawal tweeted.
Also read/watch| <a title="Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns" href="https://www.editorji.com/business-news/markets/gautam-adani-s-wealth-went-up-by-rs-300-cr-everyday-this-year-this-is-what-all-he-owns-1652700712606">Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns</a> In a quick and expressive response Musk the largest shareholder in Twitter sent back a poop emoji&nbsp;and followed it up with a question on how advertisers know they are getting their money's worth?&nbsp; Elon&nbsp;Musk who is looking to take over Twitter has vowed to put an end to the 'bot army' on the platform.&nbsp;Twitter has previously estimated that spam and fake accounts make up less than 5% of users on the platform.

Elon Musk has decided not to join Twitter's board even after buying a 9 percent stake in the social media giant a few days ago.

Elon Musk decided not to join Twitter board, CEO Parag Agrawal tweets

Twitter CEO Parag Agarwal tweeted on Monday, "Elon Musk has decided not to join our board. The board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks."

Elon Musk decides not to join Twitter board, CEO Parag Agrawal tweets

Tesla CEO&nbsp;Elon&nbsp;Musk is Twitter's&nbsp;largest shareholder with 9.2% stake.&nbsp;

Elon&nbsp;Musk has decided not to join Twitter's&nbsp;board even after buying a 9 percent stake in the social media giant a few days ago.
Twitter CEO&nbsp;Parag&nbsp;Agarwal&nbsp;tweeted on Monday, "Elon&nbsp;Musk has decided not to join our board. The board and I had many discussions about Elon&nbsp;joining the board, and with Elon&nbsp;directly. We were excited to collaborate and clear about the risks."
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/akshata-murthy-s-tax-trouble-and-rishi-sunak-s-exit-from-downing-street-1649646527092" target="_blank">Akshata Murthy's tax trouble and Rishi Sunak's 'exit' from Downing Street</a>
This comes days after Twitter announced it entered into an agreement with Musk that will give the billionaire a seat on its board. The social media giant even said Elon's&nbsp;term will be expiring at its 2024 annual shareholders meeting.
Tesla CEO&nbsp;Elon&nbsp;Musk is Twitter's&nbsp;largest shareholder with 9.2% stake.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/elon-musk-wants-to-mine-lithium-here-is-why-1649653612344" target="_blank">Elon Musk wants to mine Lithium, here is why</a>

Parag Agrawal the new CEO for  Twitter CEO joins the group of Indian-origin  tech titan that rule silicon valley CEOs. EJ Biz takes a look at the roster of silicon valley CEOs from the subcontinent. 
Satya Nadella, Chairman and CEO of MicrosoftBorn in Hyderabad, Satya Nadella was named Microsoft CEO in February 2014 when he took over from Steve Ballmer. Nadella  studied electrical engineering at Mangalore University (B.Sc., 1988) before moving to the US in 1988 to pursue his masters. Under Nadella Microsoft has regained the mantle of the world's most valuable company (with the highest marketcap)Microsoft's stock has nearly tripled over the past three years, and it rallied more than 50% in the past 12 months alone.
Sundar Pichai, CEO of Alphabet and Google
Born in Madurai, Tamil Nadu Sundar Pichai was named CEO of Google parent Alphabet Inc in 2019  after Google co-founders, Larry Page and Sergey Brin, announced their resignations. He was already head of Google since 2014. The IIT Kharagpur Alumunus, interviewed at the Googleplex on April Fools' Day in 2004 – the same day the company launched Gmail. Everyone, Pichai included, initially thought that the free email service was one of Google's infamous pranks.
Shantanu Narayen, chairman, president, and CEO of AdobeHyderabad-born Shantanu Narayen joined Adobe in 1998 as the senior vice-president of worldwide product research and became the COO in 2005 and CEO in 2007. Before joining Adobe, Shantanu held roles at Apple and Silicon Graphics. He holds a Bachelor of Science from Osmania University, an MBA from the University of California, Berkeley, and an MS from Bowling Green State UniversityArvind Krishna, Chairman and CEO of IBMAn electrical engineer from IIT Kanpur, Arvind Krishna became CEO of IBM in April 2020. He has been with IBM for almost 30 years and has held several senior-level positions with the company. Krishna received his bachelor's degree from the Indian Institute of Technology Kanpur and completed his PhD from the University of Illinois at Urbana-Champaign.

Twitter CEO Parag Agrawal joins ranks among Indian tech titans in Silicon Valley

Not just Nadella and Pichai, Parag Agrawal joins ranks of the growing number of tech titans in Silicon Valley

Tech Titans of Silicon Valley

Parag Agrawal did his graduation from IIT-Bombay and PhD in computer science from Stanford University.

Parag Agrawal&nbsp;the new CEO&nbsp;for&nbsp; Twitter CEO&nbsp;joins the group of Indian-origin&nbsp; tech titan that rule silicon valley CEOs. EJ Biz takes a look at the roster of silicon valley CEOs&nbsp;from the subcontinent.&nbsp;
Also read/watch:&nbsp;<a href="https://www.editorji.com/business-news/who-is-parag-agarwal-twitter-s-new-ceo-1638205210502" target="_blank">Who is Parag Agrawal, Twitter's new CEO?</a>
Satya Nadella, Chairman and CEO of Microsoft Born in Hyderabad,&nbsp;Satya Nadella was named Microsoft CEO in February 2014 when he took over from Steve Ballmer.&nbsp;Nadella&nbsp; studied electrical engineering at Mangalore University (B.Sc., 1988) before moving to the US in 1988 to pursue his masters. Under Nadella&nbsp;Microsoft has regained the mantle of the world's most valuable company (with the highest marketcap)Microsoft's stock has nearly tripled over the past three years, and it rallied more than 50% in the past 12 months alone.
Sundar Pichai, CEO of Alphabet and Google
Born in Madurai, Tamil Nadu&nbsp;Sundar Pichai was named CEO of Google parent Alphabet Inc in 2019&nbsp;&nbsp;after Google co-founders, Larry Page and Sergey Brin, announced their resignations. He was already&nbsp;head of Google since 2014. The&nbsp;IIT&nbsp;Kharagpur&nbsp;Alumunus,&nbsp;interviewed at the Googleplex on April Fools' Day in 2004 &ndash; the same day the company launched Gmail. Everyone, Pichai included, initially thought that the free email service was one of Google's infamous pranks. 
Shantanu Narayen, chairman, president, and CEO of Adobe Hyderabad-born Shantanu Narayen joined Adobe in 1998 as the senior vice-president of worldwide product research and became the COO in 2005 and CEO in 2007. Before joining Adobe, Shantanu held roles at Apple and Silicon Graphics. He holds a Bachelor of Science from Osmania University, an MBA from the University of California, Berkeley, and an MS from Bowling Green State University Arvind Krishna, Chairman and CEO of IBM An electrical engineer from IIT Kanpur, Arvind Krishna became CEO of IBM in April 2020. He has been with IBM for almost 30 years and has held several senior-level positions with the company. Krishna received his bachelor's degree from the Indian Institute of Technology Kanpur and completed his PhD from the University of Illinois at Urbana-Champaign.

parag agrawal

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