Post Musk offer, Twitter CEO Parag Agarwal talks to staff about company’s uncertain foreseeable future

Post Musk offer, Twitter CEO Parag Agarwal talks to staff about company’s uncertain foreseeable future

Regardless of originally adopting a ‘poison pill’ approach, Twitter has at some point caved in and bowed down to the will of Elon Musk. The world’s richest guy has still left no stone unturned in his quest to acquire Twitter and unlock its “extraordinary opportunity,” and has formally succeeded.

CEO Parag Agarwal nonetheless feels, that the future is now an unsure a person, according to various staff members, to whom he spoke candidly in a organization-large city hall meeting. Although the offer to promote Twitter to Musk for $44 billion (which is $1 billion much more than Musk’s “best and final offer”) has officially been introduced, the deal is still to be closed.

Agarwal deferred many inquiries asked by personnel (together with Musk’s strategies for Twitter, the rationale of the board relating to the impending acquisition, and the risk of layoffs) saying that they should be place to Musk, who will be a part of the company’s team for a Q&A session at a afterwards day.

Nonetheless, he allayed fears of layoffs by assuring them that no this sort of issue would be getting spot. Bret Taylor, chair of Twitter’s board of administrators, reiterated the place, declaring that the agreement with Musk prioritized “operating continuity” right until the deal was shut.

“I believe we come to feel extremely snug that (the deal) presents this staff the capability to keep on to make the enterprise productive in concerning signing and closing the transaction,” Taylor mentioned.

When requested no matter whether former US President Donald Trump will make a comeback to Twitter as soon as the titan arrived into Musk’s arms, Agarwal replied that when the deal closed, they did not know in which direction the platform will go. You could recall that Trump had been completely suspended from Twitter in 2021 following the assault on the US Capitol.

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“I think when we have an possibility to communicate with Elon, it is a issue we should really address with him,” he claimed.

Having said that, the previous US President answered the question himself, expressing that he would not return to Twitter even if Musk was acquiring it. “I will be on Truth of the matter Social in just the week. It’s on schedule. We have a lot of persons signed up. I like Elon Musk. I like him a ton. He’s an superb specific. We did a ton for Twitter when I was in the White Household. I was let down by the way I was treated by Twitter. I won’t be likely back on Twitter,” Trump reported.

Musk has been a controversially solid advocate of “free speech” and has maintained that Twitter, which is the de-facto town sq. of the 21st century, need to be a platform for cost-free speech. Of program, Musk has his possess definitions to free of charge speech perhaps, looking at he himself has been recognised to shut down critics of his do the job at Tesla and SpaceX.

It is now unknown no matter if Musk will consider up the position of the Chairman, specified that he had refused to join the board of directors of Twitter before. Of system, that had come right after his stake of 9.2% in Twitter experienced been disclosed. If Agarwal faces the axe inside of 12 months just after the acquisition, then he will be paid an estimated $42 million.

The problem is, will free of charge speech locate its way again to Twitter at the palms of the world’s richest man, whose penchant for applying social media for several purposes is well regarded? Only time will notify.

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