Digital Phablet

Tag: Twitter

  • Parag Agrawal’s Net Worth Increases By $38.7 Million After Being Fired From Twitter

    Everyone might be feeling sorry for Parag for losing his job. Still, in reality, Parag is over the cloud for getting a whopping $38.7 million in settlement from Twitter after Elon Musk fired him, increasing his net worth immediately.

    The tech billionaire Elon Musk confirmed Friday that he would buy Twitter using his funds. After acquiring Twitter, he immediately fired top executives of the company right away.

    During his career at Twitter, Agrawal has had a reasonably storied journey. The IIT-Bombay x Stanford graduate began his career with Microsoft and Yahoo! Before joining Twitter in 2011, he had a half-completed Ph.D. in hand.

    Not long before, he worked on artificial intelligence projects designed to analyze user data and push advertisements to users, resulting in millions of dollars being generated for the company.

    What is the amount of wealth that Agrawal has accumulated for himself? Let’s examine this issue in more detail.

    Assurance of assets

    As a result of his short but impressive tenure as Twitter’s CEO, the company’s revenues increased by 17.45% – excellent numbers that enabled him to receive a one million dollar salary each year. Additionally, he received a performance bonus of up to 150% of his base salary – another $2.5 million in compensation.

    However, the termination contract he has negotiated is more critical. Agrawal will receive the largest payout of $38.7 million out of the total $88 million offered to Twitter executives fired this week because his shares will be fully vested upon termination.

    As a result of these shares, he has an approximate net worth of about $50 million, representing a nearly 1500% increase in his value over the last year.

    What is Agrawal hoping to pay for?

    Since the amount of wealth that Agrawal has amassed has multiplied massively over the years – perhaps because Agrawal has in the past taken a somewhat laissez-faire approach to handle Elon Musk’s takeover plans – it is fair to say that Agrawal can do what he wants when it comes to Elon Musk’s plans.

    However, his nature is not one that sits around and bides his time. There are several examples in Agrawal’s career of deep research into AI, data management, and other related fields, which are all expected to be highly lucrative in 2022. His leadership of Project Bluesky – a small team established by former Twitter CEO Jack Dorsey to set up a decentralized social network protocol – is exciting.

    Agrawal’s interest in the field may lead him to use his newly acquired funds to spearhead new companies – perhaps utilizing his research experience for some of the largest technology companies in the world.

    Following the firing of Agrawal and some of his employees, Musk – recently embroiled in a rumor suggesting he may fire 75% of Twitter’s workforce – sought to reassure followers.

    Musk posted a message on Thursday that he reassured advertisers that social messaging would not have a “free-for-all hellscape with no consequences!”

    According to Musk in a message, “I acquired Twitter because it is crucial for the future of civilization to have a common digital town square where a wide range of beliefs can be discussed healthily without resorting to violence.”

    “Social media are currently at risk of splintering into the far-right wing and far left-wing echo chambers that generate more hate and divide society.”

  • Elon Musk To Fire 75% Of Twitter Employees?

    As soon as Elon Musk becomes the owner of Twitter, he plans to lay off most of its employees

    • A total of 7,500 workers will be fired.
    • Layoffs are only possible if Elon Musk becomes the owner.
    • Elon wants to fire to make the cash flow “strong”.

    As soon as Elon Musk acquires control of Twitter, he intends to lay off most of its employees, according to a Washington Post report published Thursday.

    According to the report, Musk has informed prospective investors that he plans to reduce Twitter’s 7,500 employee base by approximately 75%, leaving the company with a skeleton crew. Documents and unidentified sources familiar with the deliberations were cited in the newspaper.

    An attorney for Musk, Alex Spiro, and Twitter, based in San Francisco, did not immediately respond to messages seeking comment.

    Although job cuts had been expected regardless of the sale, Musk’s plans are far more drastic than those that Twitter had envisioned. In the past, Musk has hinted at the possibility of culling some of the company’s employees, but he has not provided a specific number.

    According to Wedbush analyst Dan Ives, investing in the deal would be more attractive if the company reduced its headcount by 75%. “Having said that, cutting corners cannot achieve growth.”

    Moreover, Ives noted that such a drastic reduction in Twitter’s workforce would likely set the company back several years.

    Experts, nonprofit organizations, and even Twitter’s staff have warned that withdrawing investments from content moderation and data security could be detrimental to the company and its users. The platform is at risk of becoming overrun with harmful content and spam if Musk makes drastic cuts as he plans, the latter of which he has indicated he will address if he becomes Tesla’s owner.

    Despite Musk’s initial $44 billion bid for Twitter in April, he backed out, claiming Twitter misrepresented the number of fake “spam bot” accounts on its platform. Twitter has filed a lawsuit, and a Delaware judge has given both parties until October 28 to resolve their differences. As an alternative, a trial will take place in November.

  • You Can Now Add Videos, Photos, and GIFs In One Tweet on Twitter

    Now is the time to take your meme game to the next level.

    A new Twitter feature was announced on Wednesday that allows users to share different types of visual content within a single tweet, including videos, images, and GIFs.

    In order to use the feature, you must tap either the Media or GIF icons while composing a tweet. According to Twitter, the resulting mixed media tweets will be compatible with all platforms.

    The number of images, videos, and GIFs you can add to each tweet is limited to four.

    As part of its recent expansion into video, Twitter has introduced this feature. A new video viewer has recently been launched by the company, which shows videos in full screen and allows users to discover more videos by scrolling upwards.

    Also included in Twitter’s Explore tab is a carousel of suggested videos.

    Check out these tweets, this tweet, and this tweet for examples of tweets containing mixed media content.

  • Elon Musk Is Launching His Own Social Network To Compete With Twitter

    Twitter sued Elon Musk to complete the deal, which he left abandoned. In response to the lawsuit, he plans to launch his own social network to compete with Twitter.

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  • Facebook, Instagram and Twitter Start Removing Shinzo Abe Assassination Videos

    Facebook and Twitter parent Meta said Friday they were deleting any videos of Shinzo Abe’s assassination that violated their rules.

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  • Users Can Use Bitmojis As Profile Pictures On Twitter

    Twitter is adding Bitmojis to update its platform, allowing millions of Twitter users to use Bitmojis as their profile pictures. Snapchat was the first social media platform to introduce bitmojis.

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  • Twitter Shops Feature In Testing To Help eCommerce Grow

    Twitter shops are currently experimenting with the eCommerce niche by allowing companies to put up to 50 products for sale on Twitter.

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  • Twitter Podcasts To Go Live Globally Soon!

    Podcasts are not a new phenomenon anymore, especially since media giants like Spotify acquired famed podcasts to feature on their platform. Due to such exposure, podcasts have become a popular means of expression.

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  • Why Did Twitter CEO Jack Dorsey Step Down?

    Twitter CEO and co-founder Jack Dorsey stepped down from his executive role to be replaced by his chief technology officer (CTO) Parag Agrawal, as announced in an official statement on Monday. But what really made him take this decision?

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  • Twitter Allows Login and Register with Google and Apple Accounts

    Twitter does not skimp on news, thanks to the urgency to keep up with the times and the constant metamorphosis of the competition.

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  • Twitter Blue Subscription To Cost $3 Month, Allows ‘Undo Tweets’

    Twitter has launched a new service called Twitter Blue, costing $3 a month. Allowing users to get their hands on various “most wanted” features.

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  • World’s First-Ever Tweet on Twitter Auctioned For $2.9 Million Through NFT!

    Silicon Valley: Twitter founder and CEO Jack Dorsey has auctioned off the world’s first-ever tweet for $2.9 million with the help of NFT (Non-fungible token)

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  • Monetize Twitter Tweets with Super Follow Feature

    Twitter announces a new upcoming paid feature called the super follow feature, which will allow the users to monetize their content.

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  • Elon Musk is leaving Twitter

    Is Elon Musk leaving Twitter? Yes! Elon Musk is an active user of Twitter; on February 2, he announced that he would be leaving the social media platform for a while.

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  • Turkey Bans Advertising on Twitter and Pinterest

    Turkey bans advertising on Twitter, Periscope, and Pinterest under the new social media law. The news is confirmed by Turkish Information and Communication Technologies Authorities on Tuesday.

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  • Trump Has Banned From Posting On Facebook and Twitter For 2 Weeks

    Facebook and Twitter has banned President Donald Trump from posting for 2 weeks after taking down two of his videos that violated its policy.

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  • Twitter Stories, A New Feature Has Been Introduced by Twitter

    Twitter has launched the Twitter Stories feature, which allows the embedding of tweets, videos, and pictures. The platform has finally joined the race of stories alongside Facebook, Snapchat, and Instagram.

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