Twitter CEO expects Musk deal to shut however ready for ‘all situations’

Twitter’s CEO stated Friday that he nonetheless expects the buyout by Tesla and SpaceX CEO Elon Musk to shut regardless of a maintain on the acquisition.

Parag Agrawal, the manager, additionally pledged that he’ll attempt to deliver extra transparency to the platform.


″Whereas I anticipate the deal to shut, we have to be ready for all situations and at all times do what’s proper for Twitter,” Agrawal stated in a tweet thread. “I’m accountable for main and working Twitter, and our job is to construct a stronger Twitter daily.”

Agrawal additionally introduced this week that two prime executives at Twitter are departing the social media big. He additionally revealed a hiring freeze amid Musk’s looming takeover.

“Adjustments impacting individuals are at all times arduous. And a few have been asking why a ‘lame-duck’ CEO would make these modifications if we’re getting acquired anyway,” he stated.

Agrawal added that customers can anticipate extra modifications to the platform sooner or later.

“I may even attempt to deliver extra transparency to the work that we do. You gained’t see tweets from me on the ‘matter of the day’ or the loudest sound chew, however moderately on the continued, steady, and difficult work our groups are doing to enhance the general public dialog on Twitter,” he stated.

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Earlier within the day, Musk stated the deal for him to buy Twitter was “briefly on maintain pending particulars supporting calculation that spam/pretend accounts do certainly symbolize lower than 5% of customers.”

Twitter agreed final month to promote the corporate to Musk for $44 billion in money. Musk stated he plans to take the social media firm personal and deal with making the platform extra free speech pleasant, however his takeover wants the approval of shareholders. Musk has additionally attracted some federal regulatory scrutiny.

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