Technology

Musk-Twitter deal should be done, but prepared for all scenarios, says CEO Parag Agrawal


Twitter CEO Parag Agrawal said on Saturday that the deal with Elon Musk should be completed, however, the deal does not become an excuse to avoid making important decisions for the health of the company, adding that Twitter must be prepared for all scenarios. and always do what is good for him.

This is a significant update as Elon Musk earlier said that the microblogging site’s $44 billion (around Rs 3.40800 crore) takeover bid was pending. .

Agrawal said although some have questioned why a “lame” CEO would make these changes if Twitter was acquired anyway. In response to those comments, the CEO said that while he expects the deal to go through, Twitter needs to be prepared for all scenarios and always do what’s right for them.

“We announced changes to our leadership team and operations yesterday. Changes that impact people are always difficult,” the CEO tweeted, adding, “I will not use the deal as an excuse to avoid to make decisions that are important to the health of the company, and neither will I be any executive on Twitter.”

He said he was responsible for the direction and operation of Twitter. The CEO also noted that it is their duty to build a stronger Twitter every day.

Agrawal went on to say that regardless of the company’s future ownership, Twitter will be enhanced as a product and a business for customers, partners, shareholders and all users.

“No one on Twitter works just to keep the lights on. We take pride in our work,” the CEO wrote in a tweet. He said he is always focused on his job, which involves making tough decisions when needed.

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

“I’ll also try to bring more transparency to the work we’re doing. You won’t see any tweets from me about the ‘topic of the day’ or loudest sounding phrase, but rather about work in progress, ongoing and empowering that our teams are doing to improve the public conversation on Twitter,” he continued.

He also expressed his gratitude to the entire Twitter team. “They stayed strong and focused, sharp and nimble. They got the job done, like they always have,” he wrote, praising the Twitter team.

Twitter recently agreed to an acquisition by Tesla CEO Elon Musk in a deal worth $44 billion, although it is still subject to shareholder approval. However, Elon Musk said the microblogging site’s $44 billion takeover bid was pending.

Twitter shares fell about 20% in premarket trading on Friday after Musk announced the suspension of the Twitter deal.

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


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