Twitter was one of the best social media platforms and it was one of the best place for microblogging as well. But after Elon Musk’s acquisition of Twitter, everything started to change. The logo as well as name has been changed and the new boss of the platform has introduced a paid subscription model among others. It is also said that the platform is facing serious financial distress and this will be more severe as former Twitter executives including the former CEO are suing Elon Musk for $128 million. It is claimed that unpaid severance following widespread layoffs.
The first day of Elon Musk in Twitter was the most dramatic as he took the decision to cut costs and fired multiple employees at various levels for this purpose. One of these individuals is the former CEO of the company and now the lawsuit filed by Parag Agrawal, the former CEO of X, along with CFO Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett, alleged that Musk deliberately failed to fulfill their compensation rights.
This will turn as a serious problem for the boss and we need to know the comes of the new move from the previous management in the coming days.
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