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 anticipated to be closed, nonetheless, the deal doesn’t change into an excuse to keep away from making essential selections for the well being of the corporate, including that Twitter wants to be ready for all situations and all the time do what’s proper for it.

This is a major 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 these feedback, the CEO mentioned that whereas he expects the deal to shut, Twitter wants to be ready for all situations and all the time do what’s proper for it.

“We introduced adjustments to our management staff and operations yesterday. Changes impacting persons are all the time arduous,” 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 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 patrons, companions, shareholders, and all the customers.

“No one at Twitter is working simply to maintain the lights on. We take satisfaction in our work,” the CEO wrote in a tweet. He mentioned that he’s nonetheless centered on doing his job, and that features making arduous selections as wanted.

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

“I may also strive to convey extra transparency to the work that we do. You will not see tweets from me on the ‘matter of the day’ or the loudest sound chew, however slightly 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 staff. “They have stood robust and centered, sharp and agile. They’ve been doing the work, as they all the time have,” he wrote whereas praising the staff at Twitter.

Twitter not too long ago 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 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.