Elon Musk’s ‘ruthless’ plan to close his Twitter deal early let him fire the social media company’s top execs—and stop them collecting a ‘$200 million’ payout
The Tesla CEO and new owner sought retribution because he believed Agrawal’s team fraudulently inflated the number of monetizable Twitter users. This resulted in Musk paying the original $44 billion sum—a price he proposed in April of last year coincidentally right before tech valuations began to plummet that summer.
“It was audacious, even ruthless,” Isaacson wrote of the last-second change of plan. “But it was justified in Musk’s mind because of his conviction that Twitter’s management had misled him.”
Elon Musk sped Twitter deal so he could fire top execs | Fortunehttps://fortune.com/2023/09/01/elon-musk-biography-twitter-parag-agrawal-walter-isaacson/?xid=soc_socialflow_facebook_FORTUNE