Parag Agrawal’s refusal to ban a Twitter account paved method for Elon Musk’s acquisition, new ebook says

Parag Agrawal, the erstwhile CEO of the social media platform then referred to as Twitter, turned down a request from Elon Musk to take away a deal with that was monitoring the placement of the billionaire’s personal jet, a brand new ebook has revealed, including that Agarwal’s refusal paved the way in which for Musk’s eventual acquisition of each the platform and its guardian firm.

Elon Musk (File Photo/Reuters)
Elon Musk (File Photo/Reuters)

The ebook, penned by Bloomberg’s Kurt Wagner, is titled ‘Battle for the Bird.’ Due to be launched on February 20, its first excerpt was printed by Wagner’s employer.

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@ElonJet ‘annoys’ Musk

According to the ebook, in January 2022, the South African-born US entrepreneur contacted Parag Agrawal relating to the account @ElonJet, run by American programmer Jack Sweeney, a scholar on the University of Central Florida. Through a number of accounts, Sweeney additionally tracks the personal jet journey of a number of distinguished figures, together with ex-US President Donald Trump, Microsoft’s Bill Gates, Amazon’s Jeff Bezos, and extra lately, singer Taylor Swift.

Parag Agrawal’s denial of his request led to Musk buying Twitter inventory; that, in flip, introduced the latter in touch with co-founder Jack Dorsey. He then sought a spot on the corporate’s board of director and when that transfer too was thwarted, started pursuing buying Twitter outright (with Dorsey’s encouragement).

Eventually in October that yr, Musk accomplished the acquisition at $44 billion, and days later, sacked Agarwal, the tech large’s first Indian-origin CEO, and others. The @ElonJet deal with was taken down, although Sweeney nonetheless posts journey information of Musk’s aircraft on different social networking websites.

In July 2023, Twitter was rebranded as X.

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Source web site: www.hindustantimes.com

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