Elon Musk settles ex-Twitter executives’ lawsuit over unpaid severance | Explained

The story so far: Elon Musk on October 1 agreed to settle a $128 million lawsuit brought against him by former Twitter senior executives, per media reports. In the lawsuit, former Twitter CEO Parag Agrawal, CFO Ned Segal, Chief Legal Offier Vijaya Gadde and General Counsel Sean Edgett accused Mr. Musk of firing them without a reason after he purchased the social media platform for $44 billion, and denying severance payments.  While the exact sum of the settlement and its conditions are not yet public, the case was significant as the high-profile firings set the tone of Mr. Musk’s stormy term at helm of Twitter, which he later rebranded as X. What is the history of the Twitter firing lawsuit? Mr. Musk’s acquisition of Twitter started off as a running gag online, but was soon finalised in 2022.  The acquisition process was marked by confusion, as well as multiple U-turns throughout the months running up to October 2022.  Mr. Musk was initially set to join the company’s board but later offered to acquire the company. He then tried backing out, citing numerous spam accounts. He finally went ahead with the acquisition reluctantly, expressing his misgivings about the platform. After he bought
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