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Twitter CEO tells employees company is in the dark over future under Musk

Stock Markets Apr 25, 2022 09:17PM ET
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© Reuters. FILE PHOTO: The Twitter app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration

By Sheila Dang and Katie Paul

(Reuters) -Twitter Inc Chief Executive Parag Agrawal told employees on Monday that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes. He was speaking during a company-wide town hall meeting that was heard by Reuters.

Musk will join Twitter (NYSE:TWTR) staff for a question-and-answer session at a later date, the company told employees.

As Agrawal listened to staff questions about Musk's plans for the company, the possibility of layoffs and the board's rationale for the deal, he deferred many questions as ones that should be asked of Musk.

Musk has said he believes Twitter should be a platform for free speech. Employees asked Agrawal whether former U.S. President Donald Trump, who was permanently suspended from Twitter last year, would be allowed to return once Musk takes over.

"Once the deal closes, we don't know which direction the platform will go," Agrawal said, referring to the question regarding Trump. "I believe when we have an opportunity to speak with Elon, it's a question we should address with him."

Agrawal also told employees there were no plans for layoffs.

Bret Taylor, chair of Twitter's board of directors, aimed to reassure employees that the agreement with Musk prioritized "operating continuity" until the deal was closed.

"I think we feel very comfortable that (the deal) gives this team the ability to continue to make the company successful in between signing and closing the transaction," Taylor said.

Twitter CEO tells employees company is in the dark over future under Musk
 

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Comments (8)
James Pattison
James Pattison Apr 25, 2022 8:47PM ET
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They are in the dark and yet the future of the conpany has never looked brighter
andy saso
andy saso Apr 25, 2022 8:16PM ET
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just in time for the red wave...NO MORE CENSURING!!!
Alex Green
Alex Green Apr 25, 2022 8:03PM ET
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You know you truly aren't mature as an adult worker if all you're worried about is if Trump will get his account back. Hope these people don't have kids. (posted in a very positive and loving attitude towards everyone)
Kris GE
Kris GE Apr 25, 2022 7:55PM ET
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Just the opposite is true. Twitter future with Elon Musk is BRIGHT. Of course without this moronic CEO with the funny name Parag Agrawal. Get him out of there Elon.
Ibnu Abbas
Ibnu Abbas Apr 25, 2022 7:43PM ET
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the ceo shouldnt be saying something negative like that
filipe moreira
filipe moreira Apr 25, 2022 7:40PM ET
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yeah... whatever
Doug Komhyr
Doug Komhyr Apr 25, 2022 7:31PM ET
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About time something heads in the right direction.
Steve Miller
Steve Miller Apr 25, 2022 7:09PM ET
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soon Twitter will rule the universe with Elon steering the ship
Jurgen Daub
Jurgen Daub Apr 25, 2022 7:09PM ET
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wonderimg how all the People feel that got screwed lhe ast few times when he commented about bitcoin.
Jurgen Daub
Jurgen Daub Apr 25, 2022 7:09PM ET
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straight over the cliff
 
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