Elon Musk’s Twitter deal expected to close: Parag Agrawal

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Parag Agrawal

Twitter CEO Parag Agrawal said on Saturday that the deal with Elon Musk is expected to be completed, but that this should not be used as an excuse to avoid making important decisions for the company’s health, adding that Twitter should be Prepared for all scenarios and always. do what is right for him.

This is a major update, as Elon Musk previously stated that the microblogging site’s $44 billion takeover bid is on hold.

Some have questioned why a “lame” CEO would make these changes if Twitter is acquired anyway, according to Agrawal. In response to these statements, the CEO stated that, although he hopes the deal is closed, Twitter must be prepared for any scenario and always do what is best for the company.

“Yesterday we announced changes to our leadership and operations team. Changes that affect people are always difficult,” the CEO tweeted, adding: “I will not use the agreement as an excuse to avoid making important decisions for the health of the company, nor will any leader on Twitter.”

He said that he is responsible for the management and operation of Twitter. The CEO also stated that it is his responsibility to make Twitter stronger every day. Agrawal went on to say that regardless of who owns the company in the future, Twitter will improve as a product and business for customers, partners, shareholders and all users.

“No one at Twitter works solely to keep the lights on. We are proud of our work,” the CEO said in a tweet. He stated that he is still focused on doing his job, which includes making tough decisions when necessary.

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“I will continue to accept the complexities of our service and business. And more positive changes are on the way”, continued the CEO.

“I will also make an effort to increase the transparency of our work. You won’t see me tweet about the ‘topic of the day’ or the loudest soundbite, but about the ongoing, ongoing, hard work our teams are doing to improve the public conversation on Twitter,” he continued.

He also expressed his thanks to the entire Twitter team. “They have stayed focused and strong, as well as sharp and agile. They have been doing the job like they always have,” she wrote while praising the Twitter team.

Twitter recently agreed to a $44 billion acquisition by Tesla CEO Elon Musk, though shareholder approval is still required. Elon Musk, on the other hand, stated that the microblogging site’s $44 billion takeover bid is on hold.

Shares of Twitter fell about 20% in premarket trading on Friday following Musk’s announcement that he was suspending the Twitter deal. Musk declared earlier this week that Twitter’s decision to ban former US President Donald Trump was a mistake and that if its acquisition of the social media company is successful, he will reverse it.

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