Business

Twitter CEO Explains Why He’s Shaking up Leadership Ahead of Musk Deal


  • Twitter CEO Parag Agrawal hasn’t been lively on Twitter because the Musk purchase.
  • Agrawal in a thread referenced Twitter’s hiring pause and mentioned he anticipated the deal to undergo.
  • “I won’t use the deal as an excuse to avoid making important decisions for the health of the company,” he wrote.

Twitter CEO Parag Agrawal hasn’t been very vocal on his Twitter account since Elon Musk mounted a bid to purchase Twitter for $44 billion in late April — however that modified on Friday.

“A lot has happened over the past several weeks. I’ve been focused on the company and haven’t said much publicly during this time, but I will now,” Agrawal wrote.

In an extended Twitter thread, he mentioned Twitter’s veritable hiring freeze and mentioned he anticipated Musk’s deal to undergo, amongst different subjects.

 

The world’s richest man and Twitter’s owner-to-be mentioned Monday that the deal was paused “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” however added later he was nonetheless intending to finish the purchase.

Musk has crusaded towards spam bots and pledged to “authenticate all humans.” But as Variety pointed out, Twitter has been utilizing the 5% determine in monetary filings because it went public in 2013, and it is attainable that Musk is simply searching for a means out with the means issues are going.

On Thursday, Agrawal emailed workers and mentioned the corporate deliberate to pause hiring apart from very important positions, would probably take again provides that have been already out, and two high executives have been leaving. 

And that is simply been this week’s drama. Agrawal was comparatively quiet on his account via a bunch of on-line moments in the previous couple of weeks, from Musk tweeting about his workers to Musk concepts for the corporate coming out

In the thread on Friday, Agrawal twice mentioned answering questions on his decision-making of late.

“Some have been asking why a “lame-duck” CEO would make these changes if we’re getting acquired anyway,” he wrote. 

It wasn’t clear precisely to whom he was referring, however CNBC’s Scott Wapner replied to the primary Tweet in Agrawal’s thread and requested precisely that, for instance.

 

The reply, Agrawal continued, (simply replying to himself) is “We need to be prepared for all scenarios and always do what’s right for Twitter.” 

Agrawal added that he and the remainder of Twitter leaders wouldn’t leverage Musk’s impending possession to “avoid making important decisions for the health of the company,” as tech corporations like Twitter are in a “challenging macro environment” proper now, whereas shares plummet and peer Facebook freezes hiring.

At the top of the thread, he mentioned that folks can count on extra communication from him however not “the loudest sound bite” and by thanking his present workers. 

 

Twitter did not instantly reply to a request for remark.





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