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“Twitter工作显示Agrawal的事业刚刚起步
上周四,IIT-Bombay和斯坦福大学校友,和Twitter的法律首席Vijaya Gadde麝香后立即被革职了,总部位于旧金山的公司接管后几个月的激烈辩论和法律纠纷。
Twitter即将离任的首席执行官Parag Agrawal的坚韧不拔的局掌舵controversy-ridden社交媒体平台吸引了广受赞誉的行业专家,已经知道他个人相信他捍卫公司的估值在动荡的收购由亿万富翁企业家Elon Musk。
上周四,IIT-Bombay和斯坦福大学校友,和Twitter的法律Gadde Vijaya后立即被革职了,麝香总部位于旧金山的公司接管后几个月的激烈辩论和法律纠纷。
等向的狭长行业观察人士以及长任期associates India-born工程师说Agrawal显示“恩典和商业压力。”
”他保持他的董事会和员工在一起,达成了大量麝香告上了法庭,没有退缩当麝香想谈判的价值,并发表估值同意月前,“Devendra Agrawal说,投资公司Dexter Capital Advisors的创始人和Parag Agrawal IIT-B batchmate。
”这样一个杰出的表现为CEO还把40意味着他的职业生涯才刚刚开始,”他补充说,召回,Agrawal“平静的举止”危机是第二天性。
Agrawal的迅速崛起是一些骄傲和惊奇的朋友从大学,谁记得他“书呆子笑话”和“杰出的才华”。Amit昌德尔公司的共同创始人兼首席技术官Bengaluru-based SmartCoin金融股记得Agrawal用于在最后期限前完成开卷考试方式,惊人的教授。考前怀疑他还想到的家伙,只有忠诚的书呆子类型可以解决。”
他一直是问题解决者,它显示在他如何处理困难的情况下在他10年的在推特,”他补充道。
但India-born技术官僚的CEO任期一开始表达在危机和戏剧。2021年1月,唐纳德特朗普当时美国总统被赶下台的平台。
特朗普的拆迁引发了激烈辩论的平台是什么平台的职责和权利维护“言论自由”,同时也不允许它被用来煽动社会不和谐。
”(杰克)多西从这个角色,Agrawal并没有进化出Twitter的策略,努力保持其市场前的崇敬和相关性,”说HFS中研究的首席执行官菲尔Fersht同时指出,“他(Agrawal)的财务和技术能力没有任何疑问,但他缺乏远见和领导在业务,真的需要它。”
麝香,特朗普下台,除此之外,是一个严重的问题关于温和政策,算法实践和政治立场。
今年4月,麝香发出440亿美元的收购要约,Twitter。此后,Twitter的内部决策和响应麝香的进步成为开放的话题辩论,把一个无情的眩光Agrawal的领导和决策。
7月Twitter起诉麝香的麝香后在“恶意”,撤回了他的提议称不清楚数据机器人。一位美国法官告诉麝香遵循他的建议或面临审判,之后,上周麝香兑现了他的提议。
“Parag Agrawal做了杰出的工作维护公司估值和Twitter股东欠他一个巨大的债务,”HFS Fersht说。
Twitter在7月初股价已跌至32.65美元,麝香宣布撤回要约后,股价上涨64%,至53.7美元周五一块。
Agrawal等没有回应记者的置评请求。
他将得到4200万美元的赔偿在Twitter在他退出。Agrawal和Gadde,首席财务官Ned西格尔也放开了Twitter,据报道。
38岁的Agrawal跻身年轻很多的印度首席执行官运行大的科技公司。Sundar Pichai谷歌在50岁的萨提亚Nadella 55岁的微软和Adobe的Shantanu Narayen 59岁Agrawal具有更高的机会进入管理层的几大点硅谷科技公司,行业观察人士说。
他的强大的技术背景,他是首席技术官在Twitter海拔之前和几个领导未来的项目,就意味着他未来的工作可能因素的管理和技术经验Twitter。
Agrawal Twitter的蓝天项目中发挥了关键作用。根据注意了晴空的Twitter,这是一个新的协议来运行一个社交网络和几个“分散”的概念。帐户可移植性,例如:你可以将你的社交媒体账户从一个网络供应商到另一个地方。
赫曼特Mohapatra,合伙人光速印度,周六在推特上说,Agrawal的真正的职业是“刚刚开始。””Frankly the only one coming out of the Twitter debacle looking good is Parag. Massive turnaround and shareholder value creation, dignified leadership against 24*7 chaos, made Elon bend to follow through, shipped code..."
上周四,IIT-Bombay和斯坦福大学校友,和Twitter的法律Gadde Vijaya后立即被革职了,麝香总部位于旧金山的公司接管后几个月的激烈辩论和法律纠纷。
等向的狭长行业观察人士以及长任期associates India-born工程师说Agrawal显示“恩典和商业压力。”
”这样一个杰出的表现为CEO还把40意味着他的职业生涯才刚刚开始,”他补充说,召回,Agrawal“平静的举止”危机是第二天性。
Agrawal的迅速崛起是一些骄傲和惊奇的朋友从大学,谁记得他“书呆子笑话”和“杰出的才华”。Amit昌德尔公司的共同创始人兼首席技术官Bengaluru-based SmartCoin金融股记得Agrawal用于在最后期限前完成开卷考试方式,惊人的教授。考前怀疑他还想到的家伙,只有忠诚的书呆子类型可以解决。”
他一直是问题解决者,它显示在他如何处理困难的情况下在他10年的在推特,”他补充道。
但India-born技术官僚的CEO任期一开始表达在危机和戏剧。2021年1月,唐纳德特朗普当时美国总统被赶下台的平台。
”(杰克)多西从这个角色,Agrawal并没有进化出Twitter的策略,努力保持其市场前的崇敬和相关性,”说HFS中研究的首席执行官菲尔Fersht同时指出,“他(Agrawal)的财务和技术能力没有任何疑问,但他缺乏远见和领导在业务,真的需要它。”
麝香,特朗普下台,除此之外,是一个严重的问题关于温和政策,算法实践和政治立场。
今年4月,麝香发出440亿美元的收购要约,Twitter。此后,Twitter的内部决策和响应麝香的进步成为开放的话题辩论,把一个无情的眩光Agrawal的领导和决策。
7月Twitter起诉麝香的麝香后在“恶意”,撤回了他的提议称不清楚数据机器人。一位美国法官告诉麝香遵循他的建议或面临审判,之后,上周麝香兑现了他的提议。
“Parag Agrawal做了杰出的工作维护公司估值和Twitter股东欠他一个巨大的债务,”HFS Fersht说。
Twitter在7月初股价已跌至32.65美元,麝香宣布撤回要约后,股价上涨64%,至53.7美元周五一块。
Agrawal等没有回应记者的置评请求。
他将得到4200万美元的赔偿在Twitter在他退出。Agrawal和Gadde,首席财务官Ned西格尔也放开了Twitter,据报道。
38岁的Agrawal跻身年轻很多的印度首席执行官运行大的科技公司。Sundar Pichai谷歌在50岁的萨提亚Nadella 55岁的微软和Adobe的Shantanu Narayen 59岁Agrawal具有更高的机会进入管理层的几大点硅谷科技公司,行业观察人士说。
他的强大的技术背景,他是首席技术官在Twitter海拔之前和几个领导未来的项目,就意味着他未来的工作可能因素的管理和技术经验Twitter。
Agrawal Twitter的蓝天项目中发挥了关键作用。根据注意了晴空的Twitter,这是一个新的协议来运行一个社交网络和几个“分散”的概念。帐户可移植性,例如:你可以将你的社交媒体账户从一个网络供应商到另一个地方。
赫曼特Mohapatra,合伙人光速印度,周六在推特上说,Agrawal的真正的职业是“刚刚开始。””Frankly the only one coming out of the Twitter debacle looking good is Parag. Massive turnaround and shareholder value creation, dignified leadership against 24*7 chaos, made Elon bend to follow through, shipped code..."
Twitter's outgoing CEO Parag Agrawal<\/a>\u2019s gritty innings at the helm of the controversy-ridden social media platform is drawing plaudits from industry mavens, who've known him personally, crediting him with defending the company\u2019s valuation amid a tumultuous takeover by billionaire entrepreneur Elon Musk<\/a>.
Last Thursday, the IIT-Bombay and Stanford University alumnus, and Twitter\u2019s legal chief Vijaya Gadde<\/a>, were ousted from their posts, immediately after Musk<\/a> took over the reins of the San Francisco-based company following months of acrimonious debate and legal wrangling.
ET spoke to a swathe of industry watchers as well as long -term associates of the India-born engineer who said Agrawal<\/a> had displayed \u201cgrace and business sense under pressure.\u201d
Last Thursday, the IIT-Bombay and Stanford University alumnus, and Twitter\u2019s legal chief Vijaya Gadde<\/a>, were ousted from their posts, immediately after Musk<\/a> took over the reins of the San Francisco-based company following months of acrimonious debate and legal wrangling.
ET spoke to a swathe of industry watchers as well as long -term associates of the India-born engineer who said Agrawal<\/a> had displayed \u201cgrace and business sense under pressure.\u201d
<\/div><\/div>\"He kept his board and employees together, negotiated a great deal and took Musk to court and did not flinch when Musk wanted to negotiate down the value, and delivered the valuation agreed months ago,\" said Devendra Agrawal, founder of investment firm Dexter Capital Advisors and Parag Agrawal\u2019s IIT-B batchmate.
\"Such an outstanding performance for a CEO who is yet to turn 40 means his career is just getting started,\" he added while recalling that Agrawal's \"calm demeanour\" in a crisis was second nature.
Agrawal's meteoric rise is viewed with some pride and amazement by friends from college, who remember his \"nerdy jokes\" and \"exceptional brilliance\". Amit Chandel, Co-founder and CTO of Bengaluru-based SmartCoin Financials remembers how Agrawal used to finish open book exams way before deadline, astounding professors. He was also the go-to guy for pre-exam doubts, the types only the true-blue nerds can solve. \"
He has been a problem solver, and it showed in how he handled tough situations during his decade-long stint at Twitter,\" he added.
But the India-born technocrat's year-long stint as CEO had its beginning couched in crisis and drama. In January 2021, Donald Trump<\/a>, who was then the US President, was ousted from the platform.
\"Such an outstanding performance for a CEO who is yet to turn 40 means his career is just getting started,\" he added while recalling that Agrawal's \"calm demeanour\" in a crisis was second nature.
Agrawal's meteoric rise is viewed with some pride and amazement by friends from college, who remember his \"nerdy jokes\" and \"exceptional brilliance\". Amit Chandel, Co-founder and CTO of Bengaluru-based SmartCoin Financials remembers how Agrawal used to finish open book exams way before deadline, astounding professors. He was also the go-to guy for pre-exam doubts, the types only the true-blue nerds can solve. \"
He has been a problem solver, and it showed in how he handled tough situations during his decade-long stint at Twitter,\" he added.
But the India-born technocrat's year-long stint as CEO had its beginning couched in crisis and drama. In January 2021, Donald Trump<\/a>, who was then the US President, was ousted from the platform.
<\/div><\/div>Trump\u2019s eviction from the platform had triggered intense debates on what were the duties and rights of the platform in upholding \u201cfreedom of speech\u201d while also not allowing it to be used to incite societal discord.
\u201cAfter (Jack) Dorsey moved on from the role, Agrawal did little to evolve Twitter\u2019s strategy as it struggled to retain its former reverence and relevance in the market,\u201d said HFS Research\u2019s CEO Phil Fersht while pointing out that \u201c his ( Agrawal\u2019s )financial and technical capabilities are not it any doubt, but he lacked vision and leadership in a business that really needed it. \u201c
For Musk, the Trump ouster, among other things, was a serious concern relating to moderation policy, algorithmic practices, and political stance.
In April, Musk made the $44-billion offer to buy Twitter. Since then, Twitter's internal policy making and response to Musk's advances became open topics of debate, turning an unrelenting glare on Agrawal's leadership and decisions.
Twitter sued Musk in July for acting in \"bad faith,\" after Musk withdrew his offer citing unclear data over bots. A US judge told Musk to follow through with his offer or face trial, after which Musk made good on his offer last week.
\u201cParag Agrawal did a brilliant job upholding the company valuation and Twitter shareholders owe him a great debt,\u201d HFS\u2019s Fersht said.
The Twitter stock which had dropped to $32.65 in early July, after Musk announced he was withdrawing the offer, had climbed 64% to $53.7 a piece on Friday.
Agrawal did not respond to requests for comment from ET.
He is expected to receive a pay-out of $42 million upon his exit at Twitter. Along with Agrawal and Gadde, CFO Ned Segal was also let go by Twitter, according to reports.
The 38-year old Agrawal ranks among the younger lot of Indian-origin CEOs running Big Tech firms. With Sundar Pichai of Google at 50, Satya Nadella of Microsoft at 55, and Shantanu Narayen of Adobe at 59, Agrawal has higher chances of entering the C-suite of several Big Tech firms that dot the Silicon Valley, industry watchers said.
His strong technology background - he was CTO at Twitter prior to elevation and led several futuristic projects - would mean his future stints might factor in his managerial and tech experience at Twitter.
Agrawal played a key role in Twitter's Bluesky programme. According to a note put out by the Bluesky Twitter handle, it's a new protocol to run a social network with several 'decentralised' concepts. Account portability, for example: you can move your social media account from one network provider to another.
Hemant Mohapatra, partner at Lightspeed India, said in a Tweet on Saturday that Agrawal's real career was \"just getting started.\" \"Frankly the only one coming out of the Twitter debacle looking good is Parag. Massive turnaround and shareholder value creation, dignified leadership against 24*7 chaos, made Elon bend to follow through, shipped code...\"
<\/div><\/div>
\u201cAfter (Jack) Dorsey moved on from the role, Agrawal did little to evolve Twitter\u2019s strategy as it struggled to retain its former reverence and relevance in the market,\u201d said HFS Research\u2019s CEO Phil Fersht while pointing out that \u201c his ( Agrawal\u2019s )financial and technical capabilities are not it any doubt, but he lacked vision and leadership in a business that really needed it. \u201c
For Musk, the Trump ouster, among other things, was a serious concern relating to moderation policy, algorithmic practices, and political stance.
In April, Musk made the $44-billion offer to buy Twitter. Since then, Twitter's internal policy making and response to Musk's advances became open topics of debate, turning an unrelenting glare on Agrawal's leadership and decisions.
Twitter sued Musk in July for acting in \"bad faith,\" after Musk withdrew his offer citing unclear data over bots. A US judge told Musk to follow through with his offer or face trial, after which Musk made good on his offer last week.
\u201cParag Agrawal did a brilliant job upholding the company valuation and Twitter shareholders owe him a great debt,\u201d HFS\u2019s Fersht said.
The Twitter stock which had dropped to $32.65 in early July, after Musk announced he was withdrawing the offer, had climbed 64% to $53.7 a piece on Friday.
Agrawal did not respond to requests for comment from ET.
He is expected to receive a pay-out of $42 million upon his exit at Twitter. Along with Agrawal and Gadde, CFO Ned Segal was also let go by Twitter, according to reports.
The 38-year old Agrawal ranks among the younger lot of Indian-origin CEOs running Big Tech firms. With Sundar Pichai of Google at 50, Satya Nadella of Microsoft at 55, and Shantanu Narayen of Adobe at 59, Agrawal has higher chances of entering the C-suite of several Big Tech firms that dot the Silicon Valley, industry watchers said.
His strong technology background - he was CTO at Twitter prior to elevation and led several futuristic projects - would mean his future stints might factor in his managerial and tech experience at Twitter.
Agrawal played a key role in Twitter's Bluesky programme. According to a note put out by the Bluesky Twitter handle, it's a new protocol to run a social network with several 'decentralised' concepts. Account portability, for example: you can move your social media account from one network provider to another.
Hemant Mohapatra, partner at Lightspeed India, said in a Tweet on Saturday that Agrawal's real career was \"just getting started.\" \"Frankly the only one coming out of the Twitter debacle looking good is Parag. Massive turnaround and shareholder value creation, dignified leadership against 24*7 chaos, made Elon bend to follow through, shipped code...\"
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Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"32.0","minfoseo":"32-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1667104678837","minfoseo":"1667104678837"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"2093265768","minfoseo":"2093265768"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/tech\/technology\/twitter-stint-shows-agrawals-career-just-getting-started\/articleshow\/95170857.cms","minfoseo":"https\/economictimes-indiatimes-com\/tech\/technology\/twitter-stint-shows-agrawals-career-just-getting-started\/articleshow\/95170857-cms"},"NumberOfCharacters":{"minfo":"4967.0","minfoseo":"4967-0"},"NumberOfWords":{"minfo":"798.0","minfoseo":"798-0"},"key":[{"keyid":"3115373","value":"parag agrawal","smid":"0","keynameseo":"parag-agrawal","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"1987529","value":"twitter ceo","smid":"0","keynameseo":"twitter-ceo","keytype":"","keycount":"totalcount","weightage":"90"},{"keyid":"6354862","value":"trump","smid":"0","keynameseo":"trump","keytype":"","keycount":"totalcount","weightage":"90"},{"keyid":"15367757","value":"parag agrawal profile","smid":"0","keynameseo":"parag-agrawal-profile","keytype":"","keycount":"totalcount","weightage":"90"},{"keyid":"364027","value":"musk","smid":"0","keynameseo":"musk","keytype":"","keycount":"totalcount","weightage":"80"},{"keyid":"12857","value":"agrawal","smid":"0","keynameseo":"agrawal","keytype":"","keycount":"totalcount","weightage":"80"},{"keyid":"1847505","value":"vijaya gadde","smid":"0","keynameseo":"vijaya-gadde","keytype":"","keycount":"totalcount","weightage":"50"},{"keyid":"6355315","value":"elon musk","smid":"0","keynameseo":"elon-musk","keytype":"","keycount":"totalcount","weightage":"50"}],"authorsplit":{"author":{"artau":"Bharani Vaitheesvaran","aunameseo":"bharani-vaitheesvaran","artauid":"479238188","artauemail":"barani.vaith@gmail.com","auselfimageid":"479238188","auimageid":"00479238188","auimagelen":"7035","auFullName":"Bharani Vaitheesvaran","pubname":"ET","designame":"Assistant Editor","audetailsxml":{"authordetails":"I cover corporates, start-ups and industry from Chennai. 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But Elon Musk is taking it private as part of his acquisition of the firm. Here\u2019s what that means.","seolocation":"telecomnews\/how-twitter-will-change-as-a-private-company","seolocationalt":"How Twitter will change as a private company","url_seo":"how-twitter-will-change-as-a-private-company"},{"msid":"95132868","stname":"Elon Musk takes control of Twitter, fires CEO Parag Agrawal","artsyn":"Musk sacked chief executive Parag Agrawal, as well as the company's chief financial officer and its head of legal policy, trust and safety.","seolocation":"telecomnews\/elon-musk-takes-control-of-twitter-fires-ceo-parag-agrawal","seolocationalt":"Elon Musk takes control of Twitter, fires CEO Parag Agrawal","url_seo":"elon-musk-takes-control-of-twitter-fires-ceo-parag-agrawal"},{"msid":"94187933","stname":"Whistleblower: China, India had agents working for Twitter","artsyn":"Zatko told lawmakers that the social media platform is plagued by weak cyber defenses that make it vulnerable to exploitation by \" teenagers, thieves and spies\" and put the privacy of its users at risk.","seolocation":"telecomnews\/whistleblower-china-india-had-agents-working-for-twitter","seolocationalt":"Whistleblower: China, India had agents working for Twitter","url_seo":"whistleblower-china-india-had-agents-working-for-twitter"},{"msid":"94024657","stname":"8 in 10 Twitter accounts fake, claims top security expert as Musk laughs","artsyn":"Musk has terminated the $44 billion Twitter takeover deal, and the matter is now in a US court, over the presence of bots on the platform, and seeks answers from Agrawal via an open debate.","seolocation":"telecomnews\/8-in-10-twitter-accounts-fake-claims-top-security-expert-as-musk-laughs","seolocationalt":"8 in 10 Twitter accounts fake, claims top security expert as Musk laughs","url_seo":"8-in-10-twitter-accounts-fake-claims-top-security-expert-as-musk-laughs"},{"msid":"93149267","stname":"Twitter to hold shareholder vote on Musk's offer in September","artsyn":"If the buyout deal is completed, Twitter shareholders will be entitled to receive $54.20 in cash for each common share they own, the company said, adding that its board was strongly in favor of the takeover.","seolocation":"telecomnews\/twitter-to-hold-shareholder-vote-on-musks-offer-in-september","seolocationalt":"Twitter to hold shareholder vote on Musk's offer in September","url_seo":"twitter-to-hold-shareholder-vote-on-musks-offer-in-september"},{"msid":"91807947","stname":"Jack Dorsey steps down from Twitter's board","artsyn":"Dorsey had quit as Twitter CEO in November last year, handing over the baton to the then CTO of the company, Parag Agrawal.","seolocation":"telecomnews\/jack-dorsey-steps-down-from-twitters-board","seolocationalt":"Jack Dorsey steps down from Twitter's board","url_seo":"jack-dorsey-steps-down-from-twitters-board"},{"msid":"91630035","stname":"Twitter loses three more senior employees ahead of Elon Musk\u2019s takeover","artsyn":"Ilya Brown, a VP of product management; Katrina Lane, VP of Twitter Service; and Max Schmeiser, head of data science, are all leaving the company","seolocation":"telecomnews\/twitter-loses-three-more-senior-employees-ahead-of-elon-musks-takeover","seolocationalt":"Twitter loses three more senior employees ahead of Elon Musk\u2019s takeover","url_seo":"twitter-loses-three-more-senior-employees-ahead-of-elon-musks-takeover"},{"msid":"91619516","stname":"SpaceX employees offer to sell shares at $125 billion valuation","artsyn":"According to the report, the shares are being offered in an \"employee tender\" for $70 each. This contrasts to a split-adjusted $56 per share at a valuation of around $100 billion during a sale in October.","seolocation":"telecomnews\/spacex-employees-offer-to-sell-shares-at-125-billion-valuation","seolocationalt":"SpaceX employees offer to sell shares at $125 billion valuation","url_seo":"spacex-employees-offer-to-sell-shares-at-125-billion-valuation"},{"msid":"91572467","stname":"Tech titans curb hiring in a 'challenging macro environment'","artsyn":"Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles.","seolocation":"telecomnews\/tech-titans-curb-hiring-in-a-challenging-macro-environment","seolocationalt":"Tech titans curb hiring in a 'challenging macro environment'","url_seo":"tech-titans-curb-hiring-in-a-challenging-macro-environment"},{"msid":"91530290","stname":"Twitter CEO says two leaders to depart, hiring paused amid Musk takeover","artsyn":"Agrawal also said in the memo, which was seen by Reuters, that Twitter would pause most hiring and review all existing job offers to determine whether any \"should be pulled back.\"","seolocation":"telecomnews\/twitter-ceo-says-two-leaders-to-depart-hiring-paused-amid-musk-takeover","seolocationalt":"Twitter CEO says two leaders to depart, hiring paused amid Musk takeover","url_seo":"twitter-ceo-says-two-leaders-to-depart-hiring-paused-amid-musk-takeover"},{"msid":"91413323","stname":"Parag Agrawal's wife Vineeta linked with Musk's $44 bn Twitter takeover","artsyn":"Her role as general partner at Andreessen Horowitz (a16z) -- a top US VC firm which has agreed to pay $400 million as part of Musk's new $7.1 billion financing commitments -- is set to create a conflict of interest.","seolocation":"telecomnews\/parag-agrawals-wife-vineeta-linked-with-musks-44-bn-twitter-takeover","seolocationalt":"Parag Agrawal's wife Vineeta linked with Musk's $44 bn Twitter takeover","url_seo":"parag-agrawals-wife-vineeta-linked-with-musks-44-bn-twitter-takeover"},{"msid":"91390030","stname":"Musk likely to become Twitter CEO temporarily after takeover: Report","artsyn":"Parag Agrawal, who was named Twitter\u2019s CEO in November, is expected to remain in his role until the sale of the company to Musk is completed. 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