Billionaire Elon Musk, who recently announced the acquisition of Twitter, also wants to change the management of the company. There is speculation that Parag Aggarwal of Indian origin may be stepping down as CEO. Even before Parag Agarwal’s wife Veneta was introduced to Twitter.
How was the wife entered? Veneta Agarwal’s entry is not straightforward. In fact, US-based venture capital firm Andreessen Horowitz has announced a $400 million investment in Twitter. Vineta Agarwal, general partner of Andreessen Horowitz, who invests in biotech and medical companies, is married to Twitter CEO Parag Agarwal.
Musk himself to become CEO: It is also alleged in the media report that after the completion of the Twitter acquisition, Elon Musk may become the interim CEO. However, the search for a new CEO may soon be over.
Raised $7 billion: Elon Musk has raised more than $7 billion from a group of investors. Sequoia Capital Fund pledged $800 million and V Capital $700 million. Larry Ellison, co-founder of Oracle, has agreed to invest $1 billion. Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Prince of Saudi Arabia, pledged $35 million.
Tension also due to conflict of interest: Andreessen Horowitz may also be involved in a conflict of interest case with Twitter’s decision to invest. According to a Bloomberg report, difficulties may arise for Marc Andreessen, the founder of the company.
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Let us tell you that Mark Andreessen is on the Board of Directors of Meta Platforms Inc. Competition for social networks. Meta Platforms is the parent company of Facebook. Last year, Facebook was renamed Meta Platforms.