The CEO of Twitter, Parag Agrawal, said this Friday that he hopes that the purchase agreement of the social network will come to fruition, but he did not rule out other "scenarios"in a series of messages in which he scrupulously avoided naming 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 nearly 44,000 million dollars, and rectified shortly after indicating that he remained committed to its acquisition. .
"While I hope the deal closes, we need to be prepared for all scenarios and always do the right thing for Twitter."summed up the top executive in his social network account, adding that "regardless of (who owns)"your team will work to offer a good "product and business".
In this sense, Agrawal declared "responsible" to lead and operate the company, take "difficult decisions" and contribute "more transparency"referring to some "leadership changes" that transpired yesterday and about which, he acknowledged, many have asked "why" they were carried out.
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 handle the costs now and not after the (deal) close? Our sector is in a very difficult macroeconomic environment. I will not use the deal (about buying Musk) as an excuse to avoid making important decisions for the health of the company, nor will any leader on Twitter"said.
Following the announcement of the Musk purchase, expected to close later this year if approved by regulators, Twitter co-founder Jack Dorsey publicly placed his trust in both the billionaire and the current CEO to run the company. social network.
Twitter shares plummeted nearly 20% this morning after Musk’s initial doubts about the deal and moderated their fall after he rectified it, but they closed the day with a cut of more than 9%.