This Apart, Twitter must also cover their health insurance premiums for a year, amounting to about $31,000 each.
That’s Elon Musk at the Twitter headquarters in San Francisco, with a kitchen sink in his hands!The Tesla CEO has finally taken over as Twitter boss and his first job was to reportedly fire Indian-origin CEO Parag Agrawal, Chief Financial Officer Ned Segal, the company's policy chief Vijaya Gadde and others.
Sean Edgett, Twitter's general counsel, and chief customer officer Sarah Personette were also fired by Musk, reports Insider.
In a tweet to Musk, a follower wrote to Musk that under the SEC Rule 10b-5, Twitter "can be liable for omissions of or misleading material facts. Waiving due diligence does not mean you have to accept a fraudulent disclosure (understated bots)".
Recently, Musk's lawyers have said that Twitter officials are unfairly pushing for a "warp speed" trial.
In a new court filing first reported by Bloomberg, Musk's lawyers have said that Twitter officials are unfairly pushing for a "warp speed" trial.
Musk, a serial Tweeter, last posted on June 22 on the battle between SpaceX and the US Federal Communications Commission (FCC) over broadband usage.
Ilya Brown, a VP of product management for health, conversation and growth; Katrina Lane, a VP of Twitter Service; and Max Schmeiser, head of data science, have quit the company
Goldman Sachs Group Inc and JPMorgan Chase & Co may earn a combined $133 million in fees for advising Twitter on the acquisition, but only if the deal goes through.
On Monday, Musk attacked Agrawal after the Twitter CEO went into finer details on how the micro-blogging platform is fighting spam and fake accounts.
Twitter estimated in a filing earlier this week that false or spam accounts represented fewer than 5 per cent of its monetisable daily active users during the first quarter.
In a memo sent to employees, Agrawal said there is a hiring freeze now and Twitter will also pause spending in most areas
She has collaborated with academic researchers at Cold Spring Harbor Laboratory, Lawrence Livermore National Laboratory, and the Broad Institute, where she did graduate work in computational biology and human genetics.
Musk received $1 billion from Oracle co-founder Larry Ellison and $5 million from Honeycomb Asset Management, which invested in his SpaceX company, the report mentioned.
Amid multiple reports that Musk has lined up a new CEO to replace him, Agrawal has already said that he took the job to change Twitter for the better, course correct where we need to, and strengthen the service.
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