Musk aims to alleviate concerns for Twitter employees


Tesla CEO Elon Musk will address the social platform’s employees on Thursday, in an unusual move for Twitter to offer an unusual takeover by the world’s richest man, though his $44 billion bid has yet to be finalized.

According to The Wall Street Journal, Twitter CEO Parag Agrawal said in an email Monday that he will hold a meeting with employees and they can post questions ahead of time.

The meeting is a clear step in the right direction and a smart strategic move towards the prospect of a deal, as Twitter staffers have been in the dark for the past few months and have many questions in this time of volatile uncertainty. Wedbush analyst Daniel Ives.

Musk reached a deal to buy Twitter in April, but has since clashed with the company multiple times over the number of bots or fake accounts found on the social media platform. Musk said he put the deal on hold on May 13, but it seems unlikely that he will do so on his own. Musk said he needs more data from the company on these bot accounts, although Twitter has been reporting bot estimates to investors for years and admitting they may be too low.

Twitter employees may have other reasons to be nervous about Musk’s upcoming takeover. The enraged billionaire has poured out a torrent of criticism, ranging from moderation and security policies, which he describes as a threat to “freedom of expression,” to the anonymous user accounts he wants to eradicate, and the former President’s ban. Donald Trump has promised to turn it around.

Harry Kraemer, former CEO of Baxter International and professor at Northwestern University’s Kellogg School of Management, said the deal is “not a guarantee until it’s done” and there are still many steps left to complete the acquisition. .

“In my experience, it’s very unusual and almost weird for someone who hasn’t bought the company to talk to current employees of the company they want to buy,” Kraemer said.

If it’s a guide to history, Musk may consider moving the company to Texas, as he did at Tesla’s headquarters in December 2021. Musk also once bought Tesla $1.5 billion worth of bitcoin, briefly allowing buyers to pay for their cars using cryptocurrency.

It also took aim at Twitter’s work-from-home policy, calling for the company’s headquarters to be transformed into a “homeless shelter” because it said very few employees work there. The comment also served as a thinly veiled press in San Francisco, which has a large homeless population.

It is unclear whether this week’s meeting meant that the two sides met to resolve their issues. Twitter shares are trading well below $54.20 per share, which Musk agreed to pay amid Wall Street doubts that the deal will be completed.

Copyright © 2022 The Washington Times, LLC.


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