Twitter CEO Fears Dark Future Under Elon Musk
Parag Agrawal, who was appointed CEO of Twitter at the end of November 2021, has just had a meeting with all employees after this social network accepted an offer to buy from billionaire Elon Musk for $ 44 billion.
During the meeting, employees asked Parag Agrawal about the possibility of a round of layoffs, the reason for the board to accept the sale, etc. Notably, Twitter employees asked Parag Agrawal whether the former General Manager could be the former CEO. President Trump – who has been permanently suspended from this social network has the opportunity to return after Elon Musk takes over.
“Once the deal is closed, we don’t know which direction the platform will go,” the Twitter CEO said of the company’s future.
Regarding the question of the possibility of Donald Trump’s return, Parag Agrawal said that when he has the opportunity to talk with Elon Musk, he will talk about this issue, co-affirming that this is something that needs to be clarified. It is expected that Elon Musk will soon have a meeting with Twitter employees.
In this regard, speaking to CNBC on Monday, Mr. Trump said he would not return to Twitter even if Elon Musk reverses his order to delete his account. He said he would use his own service, the social network Truth Social.
“We did a lot for Twitter while I was in the White House. I am very disappointed by the way I have been treated by Twitter. I’m not going back to Twitter anymore,” Trump told CNBC.
Parag Agrawal also said the company has no plans to lay off employees.
Twitter CEO Parag Agrawal says the company faces an uncertain future as Elon Musk completes the acquisition
In contrast to Parag Agrawal, Twitter’s Chairman of the Board Bret Taylor reassured employees that the deal with Elon Musk prioritizes “operating continuity” until the deal is closed.
After reaching the acquisition agreement, Elon Musk emphasized on free speech with Twitter.
“Freedom of speech is the foundation of a democracy, and Twitter is the digital square where issues important to the future of humanity are debated. Twitter has great potential – I look forward to working with the company and the user community to unlock it,” Elon Musk wrote on his personal Twitter.
Twitter’s future is unclear, but after Elon Musk reached a buyback agreement, the social network’s shares rose 5.7% to close at $51.7 per share to close Monday’s trading session. (US time).
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