Elon Musk fires top executives of Twitter

Elon Musk fires top executives of Twitter

• Elon Musk became Twitter Inc.’s owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the social media platform.
• Mr Musk terminated Twitter CEO Parag Agrawal, CFO Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter. 
• He had accused them of misleading him and Twitter investors over the number of fake accounts on the platform.
• Mr Musk’s takeover of Twitter will not change India’s expectation that it must comply with the country’s existing and upcoming new IT rules, Electronics and IT Minister Rajeev Chandrasekhar told Reuters.

Panel to hear plants against social media platforms

• Social media users will now have the option to appeal against the grievance redressal process of the platforms such as Twitter, Facebook and YouTube, before an appellate panel to be formed by the government, with the Centre notifying the amendments to the IT intermediary rules on October 28.
• The central government shall, by notification, establish one or more Grievance Appellate Committees within three months according to the gazette notification.
• Each committee, which will have the power to overturn content moderation decisions made by social media platforms, will consist of a chairperson and two whole­time members appointed by the Centre, of which one will be a member ex­officio and two shall be independent members.