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HomeTechMusk-Twitter Deal Anticipated to Shut, Says CEO Parag Agrawal

Musk-Twitter Deal Anticipated to Shut, Says CEO Parag Agrawal


Twitter CEO Parag Agrawal on Saturday stated that the take care of Elon Musk is anticipated to be closed, nevertheless, the deal doesn’t develop into an excuse to keep away from making essential choices for the well being of the corporate, including that Twitter must be ready for all situations and all the time do what’s proper for it.

It is a important 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 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 all the time do what’s proper for it.

“We introduced adjustments to our management crew and operations yesterday. Adjustments impacting individuals are all the time onerous,” the CEO tweeted including, “I will not use the deal as an excuse to keep away from making essential choices 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 by day.

Agrawal continued by saying that whatever the firm’s future possession, Twitter will probably 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 satisfaction in our work,” the CEO wrote in a tweet. He stated that he’s nonetheless targeted on doing his job, and that features making onerous choices as wanted.

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

“I can even attempt to carry 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 chunk, however fairly on the continuing, 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 crew. “They’ve stood robust and targeted, sharp and agile. They have been doing the work, as they all the time 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. Nonetheless, 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 stated 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.


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