Whiplash April 26 news, in response to Elon Musk's desire to buy more twitter shares, the company's CEO Parag Agravar just gave some explanations to employees. On Monday's plenary call, the company announced that it had agreed to commit Musk to $44 billion. Hours later, Parag Agrawal answered questions about future developments, the board of directors, and the possibility of layoffs.
A source, speaking on condition of anonymity, said the company had "no" layoff plans and that Agrawal would remain CEO until the deal was completed. As for what will happen after that, Agrawal has said nothing more.
On the other hand, board chairman Brett Taylor pointed out that once the transaction is completed, the company's board of directors will be dissolved.
Since Musk revealed his intention to buy Twitter earlier this month, many employees have expressed dissatisfaction or strong opposition to it.
At the same time, Masca made it clear that he would like to see some positive changes to the platform, insisting that its acquisition was not motivated by financial considerations.
Last week, Musk also argued that Twitter is "essentially a town square" and that the platform should use "open source algorithms."
In addition to the acquisition, the most concerned thing for the majority of Internet users is Twitter's double standard in freedom of speech. At today's all-hands meeting, a series of questions were raised around former U.S. President Donald Trump.
It can be seen that after being banned by the platform in 2021, Agrawal did not explicitly answer whether it would allow it to return to this lively social network in the future. Interestingly, Trump said in a statement that even if Twitter changes its owner, he will stick with his truth social platform.
Finally, if all goes well, Musk's deal to buy Twitter is expected to close later this year. As for what will happen next, Agrawal told employees that he didn't have any clue.