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regular-article-logo Saturday, 06 July 2024

Elon Musk to address Twitter Inc employees for the first time

He will be taking questions directly from the staff during the meet

Reuters New York/Bangalore Published 15.06.22, 03:50 AM
Elon Musk

Elon Musk File Picture

Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter chief executive Parag Agrawal to staff.

The meeting is scheduled for Thursday, and Musk will take questions directly from Twitter employees, the source added.

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The news, first reported by Business Insider, comes after Twitter said last week that it anticipated a shareholder vote on the sale by early August.

A Twitter spokesperson confirmed that Musk would attend the company all-hands meeting this week.

Ever since Musk’s takeover bid, many Twitter employees have expressed concerns that the billionaire’s erratic behavior could destabilise the social media company'’s business, and hurt it financially.

Back in April, Agrawal was seen quelling employee anger during a company-wide meeting where staff demanded answers to how managers planned to handle an anticipated mass exodus prompted by Musk.

Last week, Musk warned Twitter that he might walk away from his deal to acquire the company, if it failed to provide the data on spam and fake accounts that he seeks.

Shares of Twitter have been trading well below the $54.20 per share that Musk offered.

Multiple outlets reported last week that Twitter planned to offer Musk access to its “firehose” of raw data on hundreds of millions of daily tweets.

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