World

Musk’s Power Move: How a DOGE Directive Led to Parag Agrawal’s Ouster

New Delhi: In a revealing account, Elon Musk has shed light on the dramatic circumstances surrounding the dismissal of former Twitter CEO Parag Agrawal, following Musk’s high-profile takeover of the platform, now rebranded as X. According to Musk, a seemingly unconventional directive related to Dogecoin (DOGE) played a surprising role in the decision.

Shortly after finalizing the $44 billion acquisition in late 2022, Musk, known for his unconventional leadership style and fondness for cryptocurrencies—especially DOGE—introduced a bold vision for integrating crypto features into the platform. His plan aimed to boost user engagement and explore alternative revenue streams through decentralized finance.

Reportedly, Musk’s request to prioritize Dogecoin-related features was met with hesitation from Agrawal. Known for his methodical and cautious approach, Agrawal reportedly expressed concerns about the practicality and potential regulatory risks of pushing DOGE so aggressively. This resistance didn’t sit well with Musk, who viewed it as a lack of alignment with his ambitious vision for X’s future.

Musk’s frustration soon reached a tipping point. Within days of the takeover, Agrawal, along with several other top executives, was unceremoniously dismissed. The move signaled a new era for the platform, as Musk took the reins with a clear message: innovation and bold risks would drive X forward—whether through crypto integration or radical platform changes.

This revelation highlights Musk’s no-nonsense leadership style and his unwavering commitment to pushing boundaries, even if it means shaking up the executive ranks.

OB Bureau
Share
Published by
OB Bureau

Recent Posts

Global Experts Share Latest Insights On Nanomedicine At KIIT-Hosted International Conference

Bhubaneswar: The International Conference on Recent Advances in Nanomedicine brought together more than 500 participants,… Read More

8 minutes ago

Shashi Tharoor: Committed To Congress, But Open To Other Options

New Delhi: In a recent statement that has stirred political conversations, Shashi Tharoor reaffirmed his… Read More

44 minutes ago

PM Modi Says Critics Of Mahakumbh Critics Suffer From Slave Mentality

Bhopal: Prime Minister Narendra Modi lashed out at critics of the Mahakumbh Mela at a… Read More

44 minutes ago

Maha Shivratri: 1 Lakh Lamps To Be Lit At This Odisha Temple

Balasore: With the festival of Maha Shivratri fast approaching, hectic preparations are underway at the… Read More

49 minutes ago

Kangana Ranaut Faces Backlash Over Marriage Views Amid Mrs. Controversy

New Delhi: In a recent social media post, actress Kangana Ranaut sparked controversy by defending… Read More

55 minutes ago

Champions Trophy: Kuldeep Bags 3 As India Bowl Out Pakistan For 241 In Dubai Derby

Dubai: India restricted Pakistani to a manageable total in their Group A Champions Trophy clash,… Read More

1 hour ago