Elon MUSK
How Elon Musk’s
takeover of Twitter could impact its 7,000-plus employees?
The future is uncertain for Twitter employees
after the board accepted a $44 billion offer from Tesla CEO Elon Musk to
buy the popular social media platform and take it private on Monday.
Why is it in news?
“Once the deal closes, we don’t know which
direction the platform will go,” Twitter CEO Parag Agrawal told employees
during a company-wide town hall meeting that was heard by Reuters.
Highlights
· It is expected to take
three to six months for the deal to close, the New York Times reports, but Agrawal said
that between now and then, operations at Twitter will continue as normal.
· In a statement announcing
the deal, Musk said he hopes to make Twitter “better than ever” by adding “new
features, making the algorithms open source to increase trust, defeating the
spam bots, and authenticating all humans.”
· He continued: “Twitter has
tremendous potential — I look forward to working with the company and the
community of users to unlock it.”