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

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The Twitter application is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration

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April 25 (Reuters) – Twitter Inc (TWTR.N) chief executive Parag Agrawal told employees on Monday that the future of the social media company was uncertain after the deal closed which will be taken private under the billionaire Elon Musk. read more He was speaking at a company-wide public meeting that was heard by Reuters.

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Musk will join Twitter staff for a Q&A session at a later date, the company told employees.

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

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

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“Once the deal is done, we don’t know which way the platform will go,” Agrawal said, referring to the Trump question. “I believe that when we have the opportunity to speak with Elon, it’s an issue that we need to address with him.”

Agrawal also told employees that there were no redundancy plans.

Bret Taylor, Chairman of Twitter’s Board of Directors, aimed to reassure employees that the deal with Musk prioritizes “going concern” until the deal closes.

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“I think we’re very comfortable that (the deal) gives this team the ability to continue to drive the success of the business between signing and closing the transaction,” Taylor said. .

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Reporting by Sheila Dang in Dallas and Katie Paul in San Francisco Editing by Leslie Adler and Matthew Lewis

Our standards: The Thomson Reuters Trust Principles.

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