Posted on 10/27/2022 10:36:53 PM PDT by SmokingJoe
Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially broad change.
Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after the deal closed, the people said. Mr. Musk also fired Vijaya Gadde, Twitter’s top legal and policy executive, and Sean Edgett, general counsel. Spokespeople for Twitter didn’t comment.
Hours after those actions, Mr. Musk tweeted: “the bird is freed” in a seeming reference to Twitter, which has a blue bird as its logo.
Vijaya Gadde
Mr. Musk first agreed to buy Twitter in April for $44 billion, then threatened to walk away from the deal, before reversing course again this month and committing to see through the acquisition. He previously indicated unhappiness with some of the top ranks at Twitter, at one point responding to a tweet from Mr. Agrawal with a poop emoji. He also used the site to mock Ms. Gadde, the top legal boss, tweeting an image overlaid with text that repeated allegations Twitter had a left-wing political bias.
It wasn’t immediately clear who would step into the top positions left vacant by Thursday’s exits. CNBC earlier reported the departures of Mr. Agrawal and Mr. Segal.
The deal, in which Twitter will again become a private company, adds to Mr. Musk’s expansive business reach, which also includes running Tesla Inc., the world’s most-valuable car company, and rocket company Space Exploration Technologies Corp., or SpaceX, among other endeavors. Mr. Musk, who had become Twitter’s largest individual shareholder, previously said he would pay for the acquisition mostly with cash, some contributed by co-investors, and $13 billion in debt.
(Excerpt) Read more at wsj.com ...
Those three, Agrawal, Gadde and Segal, have done more damage to this country than any foreign army could have done, IMO.
Agrawal and Gadde are nothing but Indian-born leftists how have directly and indirectly (Gadde’s father) reaped the benefits of student visas.
Probably the best thing Musk could have done firing them.
Yeah, and in 6 months she’d have everything you own.
Agree with all that.
Joe Rogan Experience #1258 - Jack Dorsey, Vijaya Gadde & Tim Pool
The article parses it as “Debt”.
“Debt” does not seem an accurate word for secured by other assets.
“In a sane world “Paying” with debt would be impossible as it is not “Payment” at all.”
So you never bought a house by using a mortgage?
We will have to agree to disagree.
Twit is a useless aberration that should have collapsed already.
Maybe it will be “Cancelled” now, and the denizens all move to China controlled Tickey-Tockey?
Plenty of people have lost money investing in Musk companies, it was not THAT long ago that the viability of Tesla was in serious doubt.
Will do. Watched a bit already. That Gadde chick is a slick talking liar, IMO.
“Agrawal and Gadde are nothing but Indian-born leftists how have directly and indirectly (Gadde’s father) reaped the benefits of student visas.”
They are part of what transformed Silicon Valley and California into an intolerant leftwing bastion. 3rd world values imposed on America. We need to repatriate the lot of them and cease importing more. The 1965 immigration act should have been scrapped 50 years ago.
Surely you’ve heard of the term secured debt.
If not here you go https://www.investopedia.com/terms/s/secureddebt.asp
He gave the top ranks the bird.
Maybe their list of demands, included instructions on how to code. 🤪😆
Would be great if Musk eventually moved Twitter to red state Texas.
Some guy in Texas already offered a big chunk of land to Musk for free for him to move Twitter to,
Yes, 3% interest which comes to lot over the term of the loan, and only able to finance a little under half of appraised value.
So if I die tonight the loan company makes even more than if I repay the loan when they sell my “Collateral”.
Apparently our perceptions of Debt differs, in this case the amount is insane and backed by assets that could evaporate at any time.
If my house burns down the insurance will pay off, when the EV Charade implodes Tesla stock certs may make good wall-paper if they are colorful and display the engravers art well.
Difference in scale, but some “Rapper” just lost most of his “Worth” in a few days when he crossed the PC police.
Musk is not going to please the wokesters with this, if he does placate them he will lose OUR support.
His money to risk* so he may do what he likes.
*Except for that whole Gov. Org. subsidy thing that propped Tesla up for so long.
A new Eagle rules the Twitter roost; is clearing out all the vultures.
I live it, anxious to get out from under it.
Not the same scale and real property is not the same as paper or contracts that may lose all value suddenly as “Ye” just found out.
I would not value Tesla as a reliable asset.
A few high profile deaths and the EV Charade ends quickly.
Dee,dee,dee !
Dump the whole lot of those uppity, Leftist / Socialist/ Commie wogs .
They have far too much power and money in our country today.Yet look where they come from. It’s a travesty.
Prices of “real property” fall all the time.
There have been plenty of property price collapses in American history.
I would not value Tesla as a reliable asset.
I would.
Tesla is vastly more of a reliable asset than Facebook for example.
And Tesla is run by Elon Musk, the greatest entrepreneur on the planet if not in history. Plus Musk partly owns SpaceX as well.
A few high profile deaths and the EV Charade ends quickly.
That's total nonsense.
Twitter looks like an Indian operation. Sorry but hi-tech Hindus have zero morals and zero allegiance to America. They are here to score millions.
They are mostly Brahmins, the top caste in India. They look down on all other Indians.... And Americans too.
The world needs ditch diggers, too.
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