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Musk-Twitter Deal Expected to Close, but Prepared for All Scenarios, Says CEO Parag Agrawal


Twitter CEO Parag Agrawal on Saturday stated that the take care of Elon Musk is predicted to be closed, nonetheless, the deal doesn’t develop into an excuse to keep away from making necessary selections for the well being of the corporate, including that Twitter must be ready for all eventualities and at all times do what’s proper for it.

This can be a important replace as Elon Musk earlier declared that the $44 billion (roughly Rs. 3,40,800 crore) takeover bid of the micro-blogging website is on maintain.

Agrawal stated that although some have been asking why a “lame-duck” CEO would make these adjustments if Twitter is getting acquired anyway. In a response to those feedback, the CEO stated that whereas he expects the deal to shut, Twitter must be ready for all eventualities and at all times do what’s proper for it.

“We introduced adjustments to our management workforce and operations yesterday. Adjustments impacting individuals are at all times onerous,” the CEO tweeted including, “I will not use the deal as an excuse to keep away from making necessary selections for the well being of the corporate, nor will any chief at Twitter.”

He stated that he’s accountable for main and working Twitter. The CEO additionally famous that it’s their job to construct a stronger Twitter daily.

Agrawal continued by saying that whatever the firm’s future possession, Twitter shall be improved as a product and enterprise for purchasers, companions, shareholders, and all the customers.

“Nobody at Twitter is working simply to maintain the lights on. We take satisfaction in our work,” the CEO wrote in a tweet. He stated that he’s nonetheless centered on doing his job, and that features making onerous selections as wanted.

“I’ll proceed to embrace the deep complexities of our service and our enterprise. And you’ll anticipate extra change for the higher,” the CEO added.

“I will even attempt to convey extra transparency to the work that we do. You will not see tweets from me on the ‘subject of the day’ or the loudest sound chunk, however somewhat on the continued, steady, and difficult work our groups are doing to enhance the general public dialog on Twitter,” he continued.

He additionally expressed gratitude to the entire Twitter workforce. “They’ve stood robust and centered, sharp and agile. They have been doing the work, as they at all times have,” he wrote whereas praising the workforce at Twitter.

Twitter lately agreed to an acquisition by Tesla CEO Elon Musk in a deal price $44 billion, though it’s nonetheless topic to shareholder approval. Nevertheless, Elon Musk declared that the $44 billion takeover bid of the micro-blogging website is on maintain.

Twitter shares tumbled round 20 % within the pre-market buying and selling on Friday after Musk’s announcement over maintain on the Twitter deal.

Musk stated earlier this week that Twitter’s resolution to ban former US President Donald Trump was a mistake and he would reverse it if his acquisition of the social media firm is profitable.




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