Elon Musk struck a deal to buy Twitter for $44 billion on Monday, casting doubts on the continued involvement of current CEO Parag Agrawal. According to research firm Equilar, Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company. If that happens, Agrawal could become one of Twitter’s shortest-serving CEOs – he took over from Jack Dorsey less than six months ago.
The irony of being potentially replaced after such a short spell at the top did not escape Twitter users, who have flooded the microblogging platform with speculation around Agrawal’s future with the company. For the most part, this included jokes and memes. Take a look:
#ElonMusk at $TWTR HQ:#ParagAgrawal#ElonMuskBuyTwitter#twittersoldpic.twitter.com/x0dvJBvE7K— Patel Meet (@mn_google) April 26, 2022
Parag Agarwal after Elon Musk buys Twitter Inc.#TwitterTakeover#ElonMuskpic.twitter.com/AsdN9czxeC — Abhishek Tandon (@abhi_td) April 25, 2022
Parag Agarwal's new venture #ParagAgrawal#ElonMuskBuyTwitter#TwitterTakeover#Twitterpic.twitter.com/Pk2GBXFX0U— Boohiragoto (@boohiragoto) April 25, 2022
“Parag Agrawal must be feeling like what Parag Agrawal used to feel a couple of months ago,” quipped one Twitter user.
parag agarwal must be feeling like what parag agarwal used to feel a couple of months ago — vishal dayama (@VishalDayama) April 25, 2022
Others pointed out that his career as CEO could be over before it started in earnest
Parag Agrawal’s career as Twitter CEO could be over before it really began...#ParagAgrawal#twittersold#TwitterTakeoverpic.twitter.com/Ir9IEgwA6T— Sumit _Viratian™ (@kohli1_king) April 26, 2022
Many of the posts focussed on the high expectations of Indian parents and relatives – a running joke among desi Twitter users.
Parag Agrawal ke padosi aur rishtedaar right now - Humne to use pahle hi bola tha ki TCS ya Infosys join karna. Job safety to rahta hai.#twittersold — ADITYA (@SARAOGI_ADITYA) April 26, 2022
Relatives of Parag Agarwal: Hamne to pahle hi kaha tha ki TCS join karo. Time to time increment milega aur job safety bhi guaranteed hai. Par hamari suno tab na! — Aditya Kumar Tiwari (@adityakt) April 26, 2022
I feel pretty bad for Parag Agarwal who was pretty much a hero for Indian parents just 6 months ago How times change — Aviral Bhatnagar (@aviralbhat) April 25, 2022
Parag Agrawal told employees on Monday that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes.
"Once the deal closes, we don't know which direction the platform will go," Agrawal said.
Musk will join Twitter staff for a question-and-answer session at a later date, the company told employees.
(With inputs from Reuters)Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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