Musk-Twitter Deal Expected to Close, Says CEO Parag Agrawal

Twitter CEO Parag Agrawal on Saturday mentioned that the take care of Elon Musk is predicted to be closed, nevertheless, 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 all the time do what’s proper for it.

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

Agrawal mentioned 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 mentioned that whereas he expects the deal to shut, Twitter must be ready for all eventualities and all the time do what’s proper for it.

“We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard,” the CEO tweeted including, “I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter.”

He mentioned that he’s accountable for main and working Twitter. The CEO additionally famous that it’s their job to construct a stronger Twitter every single day.

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

“No one at Twitter is working just to keep the lights on. We take pride in our work,” the CEO wrote in a tweet. He mentioned that he’s nonetheless targeted on doing his job, and that features making onerous selections as wanted.

“I will continue to embrace the deep complexities of our service and our business. And you can expect more change for the better,” the CEO added.

“I will also try to bring more transparency to the work that we do. You won’t see tweets from me on the ‘topic of the day’ or the loudest sound bite, but rather on the ongoing, continuous, and challenging work our teams are doing to improve the public conversation on Twitter,” he continued.

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

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

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

Musk mentioned earlier this week that Twitter’s choice 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.