Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Parag Agrawal"


25 mentions found


Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter's lawsuit to force Musk to complete the buyout after he tried to back out. Joele Frank began working for Twitter in January 2015, according to its complaint in a New York state court in Manhattan. Many landlords, vendors and consultants have sued Twitter over unpaid bills that Musk inherited when he bought the company, before he implemented deep cost cuts. Musk has said Twitter could generate positive cash flow as soon as this quarter, despite a decline in advertising revenue. The case is JF Associates LLC v X Corp, New York State Supreme Court, New York County.
Elon Musk said on Thursday that he'd found a new CEO for Twitter. Elon Musk said on Thursday that he'd found a new CEO for Twitter. Musk became Twitter CEO, describing himself as "Chief Twit," last year after he bought the company and fired CEO Parag Agrawal within hours of taking the social-media company private. Since Musk took over as Twitter CEO in November, some Tesla shareholders have expressed concern over his focus on the social-media company as Musk has taken to sleeping at its headquarters. Musk has said from the beginning that he had planned for his stint as Twitter's CEO to be temporary.
The complaint also describes legal fees linked to probes by the Securities and Exchange Commission and the Justice Department, though without disclosing many specifics of the investigations. Agrawal continued to field requests through the fall and after he stepped down from Twitter, according to the complaint. And late last year, it said, the Justice Department contacted Agrawal and Segal’s attorneys about multiple investigations into Twitter. Letters to Twitter seeking reimbursement for the legal expenses were ignored for months, according to the complaint. As of Monday, the executives still have not recovered the fees, the complaint said.
Twitter's former CEO, CFO, and chief legal officer are suing Twitter for over $1 million. They claim they had agreements with the company that it would reimburse any legal fees they incurred. The company took two months to acknowledge their demands and still won't pay, the suit alleges. The suit claims the two ex-execs racked up legal fees to deal with these cases and comply with various demands. The trio's action against Twitter follows several others alleging that the company has failed to pay bills since Musk took over the company last October.
Twitter appears to be amplifying tweets of Russian state accounts after suppressing them last year. The Telegraph created a new account and was recommended the Kremlin-linked accounts, it reported. Elon Musk has been lifting most restrictions on accounts labelled harmful under previous management. Twitter had more broadly limited the reach of state-affiliated media since 2020, by not recommending them to users and labelling them as state-affiliated. The world's second-richest man reinstated Donald Trump's Twitter account in November to this end, although the former president has still not posted any new tweets.
Twitter employees are speculating that The Boring Company CEO Steve Davis could replace Elon Musk as CEO, Platformer reported. The publication said that Davis helped orchestrate a round of layoffs at the social media company that impacted about 200 people this week. The Boring Company CEO spent the first few weeks after his baby was born sleeping in a makeshift bedroom in the office, along with his newborn and partner, according to the report. Before he became CEO of The Boring Company, Davis worked with Musk at SpaceX. Tesla's stock has fallen over 37% since he announced his plans to buy the social media company on April 14.
Elon Musk says other CEOs and leaders should run their own social media accounts. Musk is famed for his frequently wacky tweets and has sometimes gotten into trouble over his posts. Musk said criticism is "really not that bad" and encouraged others to be authentic on social media. Speaking at the World Government Summit in Dubai on Wednesday, the billionaire said he encourages CEOs, legislators, ministers, and other leaders to "speak authentically" on social media. Musk, who has often run into trouble over his tweets, said getting criticism is "really not that bad."
Elon Musk says he plans to have someone take over his job as Twitter CEO near the end of 2023. He said end-2023 would be "good timing" to hand over the reins because Twitter should be "stable" then. "I don't know, I'm guessing probably towards the end of this year should be a good timing to find someone else to run the company," Musk added. Musk then started a Twitter poll on December 18, asking users whether he should "step down as head of Twitter." The results of the poll didn't swing in his favor — some 57.5% of the poll's more than 17.5 million respondents voted for Musk to step down as Twitter CEO.
A Twitter engineer said it took 20 interviews to find a new job after getting laid off. Andrew Glose, a senior Android engineer, was one victim of Elon Musk's mass layoffs in November. Glose has found a new job at fitness company Peloton, where he is also a senior Android engineer. "I'm very excited about learning new areas of my field and channeling my passion for fitness into my job," Glose concluded. On Thursday, Musk reportedly fired an engineer who told him he was becoming less popular on Twitter.
Private Jet Services filed a lawsuit against Twitter over an unpaid bill of nearly $200,000 last December. On Tuesday, Twitter said that the jet company overcharged it and the flights were unauthorized. It also frequently referred in the documents to being billed $194,000 by Private Jet Services, but did not explain the discrepancy in figures. Twitter says that it believes the jet company breached this agreement over "designated representatives," and as such the lawsuit should be dismissed. Private Jet Services and Twitter did not immediately respond to requests for comment from Insider.
A Twitter worker joked about how to stay employed after Elon Musk bought the firm, per a report. Some staff searched for any indication of layoffs on Musk's Twitter feed, the report said. In the wake of Musk's takeover of Twitter in late October, employees were concerned about job cuts at the company, The Verge reported, citing more than 24 current and former Twitter employees. Another employee replied, saying: "Writes, 'stay employed'," the report said. Since Musk took over Twitter, thousands of employees have either resigned or been fired or laid off, Insider's Kali Hays reported.
Elon Musk is a "perfect recruitment tool," for trade unions, a senior UK union boss told Politico. The number of Twitter staff joining one union has increased "tenfold" since Musk took over, Paul Nowak said. Musk has slashed Twitter's workforce and mandated long hours from remaining staff since his October takeover. "Elon Musk is a perfect recruitment tool for the trade union movement," the recently appointed head of Britain's Trade Union Congress, Paul Nowak, told Politico. If staff didn't sign up to his plan by the end of the day on November 17, they would be laid off.
Social media users have mistaken as authentic a headline about former Twitter CEO Parag Agrawal, taken from a fictional article that describes itself as satirical. The headline, “Former Twitter CEO Parag Agrawal arrested for child porn,” was shared on social media in a screenshot (here). The headline and photo can be traced to an article published on Dec. 23 by the Vancouver Times website (here). A spokesperson for Vancouver Times also told Reuters via email that the article is satire, and that the Vancouver Times is a satire website. Read more about our work to fact-check social media posts here.
A lawyer filed demands for arbitration on behalf of 100 Twitter employees who lost their jobs. Since Elon Musk took over, Twitter's conduct has been "incredibly egregious," Shannon Liss-Riordan said. She added that this was just the "first wave" of arbitration demands against the company. She added that this was just the "first wave" of arbitration demands against the company. The next week Musk started laying off staff, with around half of the company's 7,500-strong workforce being cut.
Elon Musk announced that he would step down as the CEO of Twitter. "Should I step down as head of Twitter?," Musk tweeted on Sunday afternoon. The search was already ongoing before Musk's poll on whether he would step down, CNBC reported, citing unnamed sources. Musk's search for a new Twitter CEO comes amid criticisms and concerns from Tesla shareholders and analysts that he is spreading himself too thin. Musk is also the CEO of Tesla, which share price has fallen 61% this year so far.
Twitter deputy general counsel Regina Lima has left the company, Bloomberg Law reported. The social-media platform's legal team, which once stood at close to 200, is now largely depleted. Before Elon Musk took control of Twitter in late October, the company had around 200 staff on its legal team, according to Bloomberg Law. Twitter's legal team was shaken up as soon as Musk's purchase of Twitter went through. After Gadde and Edgett's terminations, James Baker, a former FBI general counsel, was the company's most senior lawyer.
A private jet company sued Twitter, alleging breach of contract and failure to pay for two flights. The flights were "urgent" and authorized ahead of Elon Musk's takeover, the lawsuit said. The publication was the first to report on PJS' lawsuit against Twitter, which was filed in the US District Court of New Hampshire. The private jet company later sent Twitter a bill for the two flights in early November, but alleges Twitter never paid. PJS said Twitter breached its contract by refusing to pay "under circumstances that make it reasonable for PJS to expect payment."
Elon Musk tweeted it was a "crime" child safety wasn't prioritized at Twitter before he took over. Former Twitter CEO Jack Dorsey responded via Twitter that Musk's claim was "false". Musk doubled down and added it was his "top priority" with new trust and safety chief Ella Erwin. Dorsey responded that Musk's claim was "false." Musk contradicted Dorsey and said: "When Ella Irwin, who now runs Trust & Safety, joined Twitter earlier this year, almost no one was working on child safety."
Elon Musk said "controversial decisions" at Twitter were often made without Jack Dorsey's approval. While CEO of Twitter, Dorsey was "unaware of systemic bias" at the company, Musk said. Musk's comments came after part two of the so-called Twitter Files were published Thursday. Responding to Weiss' tweet, and appearing to back Dorsey, Musk said: "Controversial decisions were often made without getting Jack's approval and he was unaware of systemic bias. Dorsey hasn't responded to the Twitter Files' claims but he told Musk on Wednesday to "just release everything without a filter."
Meta brainstormed how to build a Twitter competitor as Elon Musk took over the platform, NYT reports. Since, Elon Musk took over Twitter the company has lost advertisers and around half its staff. "Twitter is in crisis and Meta needs its mojo back," one Meta employee wrote in a post, per The Times. Since the richest man in the world took Twitter private in October there's been a large amount of uncertainty regarding the company's future. Without major advertisers, Twitter could flounder as ads accounted for about 90% of Twitter's revenue last year.
Hundreds of people have applied to Twitter job postings on LinkedIn. Musk laid off about 50% of Twitter's workforce in November and has asked remaining staff to work "hardcore." Just last month, Elon Musk laid off thousands — about half of the company's workforce — and over 2,000 more employees quit. The new job postings come only a few weeks after thousands of employees left the company. Twitter employees might also be able to benefit from stock in the company.
Elon Musk confirmed the firing of another high-ranking Twitter official: deputy general counsel James Baker. Musk accused Baker of possibly playing a role in suppressing "information important to the public dialogue." Matt Taibbi, who tweeted Friday's "Twitter Files" thread, accused Baker of secretly vetting the files. Taibbi has promised to reveal additional "Twitter Files" material in conjunction with journalist Bari Weiss, a former op-ed writer for The New York Times. Baker's firing comes a little more than one month since Musk took over as the new owner of Twitter.
CEO Elon Musk quickly fired Twitter executives upon taking over the company in October. The Twitter executives who were immediately fired when Elon Musk took over the company walked away with much larger bank accounts. He walked away from Twitter with a total of $63 million in converted stock. Gadde held just over 1 million shares in common stock when she was fired, having worked there for more than 11 years, which converted to $59.5 million. Gadde walked away from Twitter with the most money, seeing all of her converted stock total $72 million.
Elon Musk shared slides from a Twitter company presentation online. Since Musk bought Twitter, its workforce has shrunk by around three quarters through layoffs, resignations, and firings. The next week Musk started laying off staff, with around half of the company's workforce being cut. But two days later, on Wednesday night, several dozen more Twitter workers – mostly engineers – were fired for performance reasons. The slide from Musk's presentation to company staff doesn't say which roles the company is hiring for.
CNN —Sunday officially marks one month since the world’s richest man took the helm at Twitter. After spending months embroiled in an unsuccessful legal battle to get out of his initial proposal to buy Twitter, Musk made his first splashy entrance into the company’s offices on Oct. 26, carrying a sink. (In a video of the incident shared on Twitter, he wrote: “Entering Twitter HQ – let that sink in!) In another dramatic move by the new boss, Musk publicly fired a software engineer who had survived the initial round of cuts, but who then questioned Musk on Twitter. Musk goes onto to grant ‘amnesty’ to most previously banned accountsAfter conducting yet another Twitter poll, Musk said on Nov. 24 that he will begin restoring most previously banned accounts on Twitter starting next week.
Total: 25