Twitter CEO Parag Agrawal on Saturday stated that the take care of Elon Musk is predicted to be closed, nevertheless, the deal doesn’t turn into an excuse to keep away from making essential selections for the well being of the corporate, including that Twitter must be ready for all situations and at all times do what’s proper for it.
It is a vital replace as Elon Musk earlier declared that the $44 billion takeover bid of the micro-blogging web site 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 situations and at all times do what’s proper for it.
“We introduced adjustments to our management crew and operations yesterday. Modifications impacting persons are at all times onerous,” the CEO tweeted including, “I will not use the deal as an excuse to keep away from making essential 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 day-after-day.
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 the entire customers.
“Nobody at Twitter is working simply to maintain the lights on. We take pleasure 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 may count on extra change for the higher,” the CEO added.
“I may even attempt to deliver 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 quite on the continued, steady, and difficult work our groups are doing to enhance the general public dialog on Twitter,” he continued.
Lots has occurred over the previous a number of weeks. I’ve been centered on the corporate and have not stated a lot publicly throughout this time, however I’ll now.
We introduced adjustments to our management crew and operations yesterday. Modifications impacting persons are at all times onerous. And a few have been asking why a “lame-duck” CEO would make these adjustments if we’re getting acquired anyway. The quick reply may be very easy:
He additionally expressed gratitude to the entire Twitter crew. “They’ve stood sturdy and centered, sharp and agile. They have been doing the work, as they at all times have,” he wrote whereas praising the crew 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. Nevertheless, Elon Musk declared that the $44 billion takeover bid of the micro-blogging web site is on maintain.
Twitter shares tumbled round 20 per cent 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 determination 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.
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)