Monday, August 8, 2022
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Musk Set to Hold First Meeting with Twitter Staff this Week

Elon Musk will address Twitter staff for the first time on Thursday since announcing his $44 billion (£36.2 billion) offer for the firm in April.

At the meeting, the multibillionaire Tesla CEO is slated to field questions from Twitter employees.

Mr Musk has stated that if the company fails to give data on false accounts on the site, he would terminate the agreement.

Twitter’s CEO, Parag Agrawal, announced the event in an email to employees on Monday.

Employees might submit questions to Mr Musk ahead of time, according to Mr Agrawal.

Mr Musk will speak directly to the company’s employees for the first time since making his takeover offer during the all-hands meeting.

He threatened to back out of the arrangement earlier this month, claiming that the social media platform was “thwarting” his attempts to learn more about its user base.

Mr Musk said in a letter to authorities that he had the right to measure spam accounts on his own.

The letter put an end to a controversy that had been simmering for weeks since he placed the sale “on hold” seeking more information.

Analysts believe Mr Musk is attempting to renegotiate the price or potentially walk away from the agreement because of the difficulty. They said that his decision to bring the issue up on social media was unusual, making it impossible to gauge his seriousness.

Mr Musk reacted with a poo emoji after Mr Agrawal defended the company’s approach for spotting bogus accounts in a series of tweets.

At the close of New York trading on Monday, the company’s shares were trading at $37.03, significantly below Mr Musk’s offer price of $54.20.

Bob Carlson
Bob Carlson
Bob Carlson is a business journalist, with over a decade of experience in the trenches of reporting up-to-date business news for publications all over the world. With a wealth of knowledge at his back, Bob strives to bring the most important insights into the business world for TheOptic daily.
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