It Begins: Heads Start To Roll At Twitter As Two Top Leaders At Company Out | Beaufort County Now | Two of the top leaders at Twitter are no longer with the company as the social media platform begins to make changes ahead of Elon Musk’s expected arrival at the company as its new CEO after his $44 billion purchase of the company is finalized.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ryan Saavedra.

    Two of the top leaders at Twitter are no longer with the company as the social media platform begins to make changes ahead of Elon Musk's expected arrival at the company as its new CEO after his $44 billion purchase of the company is finalized.

    "Kayvon Beykpour, Twitter's general manager, is leaving and will be replaced by Jay Sullivan," The New York Times reported. "Mr. Sullivan is currently the interim general manager of the consumer product. Bruce Falck, Twitter's general manager for revenue, is also departing the company."

    An internal company memo from CEO Parag Agrawal obtained by The New York Times said it was "critical to have the right leaders at the right time."

    "The truth is that this isn't how and when I imagined leaving Twitter, and this wasn't my decision," Beykpour said in a statement on Twitter. "Parag asked me to leave after letting me know that he wants to take the team in a different direction."

    The memo also reportedly said Twitter was halting most new hiring and was cutting back on spending in-part due to the company not achieving key growth metrics.

    The New York Times previously reported that Musk plans to hire approximately 3,600 employees over a period of time but not before dismissing up to 1,000 current employees.

    "Musk anticipates Twitter's total number of users will grow from 217 million at the end of last year to nearly 600 million in 2025 and 931 million six years from now," the report said. "Most of that growth will come from Twitter's ad-supported business, including Twitter Blue, for which users pay $3 a month to customize their experience on the app. According to the pitch deck, Mr. Musk expects 69 million users of Twitter Blue by 2025 and 159 million in 2028."

    The news comes after the U.S. government reportedly opened an investigation into Musk's business dealings surrounding his purchase of Twitter.

    "The Securities and Exchange Commission is probing Mr. Musk's tardy submission of a public form that investors must file when they buy more than 5% of a company's shares," The Wall Street Journal reported. "The disclosure functions as an early sign to shareholders and companies that a significant investor could seek to control or influence a company."

    The report said that Musk's April 4 disclosure filing was at least 10 days late, a move that is believed to have saved him more than $140 million because share prices could have been higher if the public knew about his ownership of 5% of the company.

    The Daily Wire is one of America's fastest growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? Become a member now and join our mission.
Go Back

HbAD0

Latest Op-Ed & Politics

Soon, high school graduates will be making monumental decisions that will determine their future quality of life. These decisions include whether to attend college; if so, where; and finally, what degree program to pursue.
State Sen. Valerie Foushee, D-Orange, is the winner of the competitive Democratic primary race in North Carolina’s 4th Congressional District.
With infant formula shortages reaching crisis levels across the nation, Pete Buttigieg is struggling to find food for his twin babies and has been forced to resort to chestfeeding.
A St. Louis University (SLU) student who put up flyers advertising an upcoming lecture from The Daily Wire’s Matt Walsh is facing suspension or expulsion, even though he says he put the flyers up off campus.
climate crazies are at war with middle class lifestyle

HbAD1

Wiley Nickel and Bo Hines will face off for the 13th Congressional District seat. The district includes Johnston County, as well as parts of Wayne, Harnett, and Wake Counties.
On Wednesday afternoon Governor Roy Cooper released his recommended budget adjustments for the upcoming fiscal year that begins on July 1.
At the suggestion of his agent, his team of attorneys, and his plumber, Johnny Depp had bird spikes installed on his bed to prevent Amber Heard from pooping in it.
A giant $10 billion space telescope is scheduled to be rocketed into space on December 22 with the hope that it will discover the universe’s origins and the first light that ever emanated in the universe, taking humanity back to the Big Bang.
Critical state Supreme Courts seats are on the ballot in Illinois, Michigan, North Carolina, and Ohio in 2022, and political observers are starting to recognize the monumental impact these races will have this election cycle
A former major mob boss ripped into former New York Governor Andrew Cuomo over his actions in the nursing home scandal in which thousands of New Yorkers died from COVID-19, snapping, “I’m a bad***. I’d never do it.”
Following the leak of the Supreme Court opinion that could overturn Roe V. Wade, hundreds of abortion advocates traveled to protest outside the homes of the conservative Justices.
Sen. Joe Manchin this shuts down drilling

HbAD2

 
Back to Top