The CEO of TwitterParag Agrawal, said this Friday that he hopes that the social network purchase agreement will come to fruition, but he did not rule out other “scenarios”, in a series of messages in which he scrupulously avoided naming the billionaire Elon Musk.
His comments come after the founder of Tesla today put investors on edge by reporting that he was temporarily suspending the purchase of the platform, which he announced for about 44,000 million dollars, and rectified shortly after indicating that he remained committed to its acquisition. .
“Although I hope that the deal is closed, we need to be prepared for all scenarios and always do the right thing to Twitter“, summed up the top executive in his social network account, adding that “regardless of (who is the) owner”, his team will work to offer a good “product and business”.
In this sense, Agrawal declared himself “responsible” for leading and operating the company, making “difficult decisions” and providing “more transparency”, referring to some “changes in leadership” that emerged yesterday and about which, he acknowledged, many have asked “why” they were being held.
In an internal note, the manager announced the departure and replacement of two senior executives, said that he has paused most hiring and that he is cutting discretionary expenses, supposedly for not reaching his audience and revenue growth goals, but ruled out planning layoffs. .
“People have also asked: why manage costs now and not after (the deal) closes? Our sector is in a very difficult macroeconomic environment. I will not use the (Musk purchase) deal as an excuse to avoid make important decisions for the health of the company, nor will any leader in Twitter“, said.
Following the announcement of the Musk purchase, with closing expected later this year if approved by regulators, the co-founder of TwitterJack Dorsey, publicly placed his trust in both the billionaire and the current CEO to take the reins of the social network.
The actions of Twitter They fell close to 20% this morning after Musk’s initial doubts about the agreement and moderated their fall after he rectified, but they closed the day with a cut of more than 9%.
