Latest in Parag Agrawal

Twitter CEO Fires Two Top Execs Amid Hiring Freeze; SEC Said To Be Probing Elon Musk Share Purchases

Twitter CEO Parag Agrawal has cut loose two top executives and announced a hiring freeze ahead of the company’s acquisition by Elon Musk, whose share purchases are reportedly being investigated by the SEC. Consumer product chief Kayvon Beykpour tweeted today that “Parag asked me to leave after letting me know that he…

By Jill Goldsmith
May 12, 2022 11:49 am
Print Print Twitter CEO Fires Two Top Execs Amid Hiring Freeze; SEC Said To Be Probing Elon Musk Share Purchases
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Elon Musk Takes 9% Stake In Twitter, Sending Its Stock Into Orbit – Update

UPDATED with closing stock price. Tesla founder Elon Musk has acquired 73.5 million shares in Twitter, or 9.2% of the company, sending its shares up 27% for the day but prompting uneasiness about his intentions. An SEC filing this morning listed the date of the $2.9 billion purchase as March 14. It isn’t yet clear…