New twist: Elon Musk, to everyone’s surprise, decided to step back son takeover of Twitter. Initially, the entrepreneur offered to buy the company at a price of $54.20 per share. But in the end, Tesla’s CEO decided to take the plunge.face. A priori, this is actually mostly a precautionary measure. During an investor appeal, Twitter stated that less than 5% of its members have accounts attributed to bots. The figure that the entrepreneur is now asking to verify. Since then, Twitter’s price has been floating around $40-$41 per share. A few hours after the announcement, Parag Argawal, without directly addressing Elon Musk’s decision, tried to explain son shares until maturity. After all, Elon Musk has already stated that he does not trust the current team and that he himself can temporarily take the place of Parag Argawal. And yet the latter continues layoffs and changes in direction networks social.
Twitter takeover could fall apart, current CEO makes ‘tough decisions’
Parag Argawal explains in a series of tweets, “Change is always difficult. And some of you are wondering why a CEO who cannot be reappointed is making these changes if on will bathe anyway. In a nutshell, it’s very simple: while I expect the deal to close, we need to be prepared for all scenarios and I always do what’s in Twitter’s best interest.” Elon Musk, meanwhile, confirmed that he remains “committed to this acquisition” despite his lingering doubts about Twitter’s actual user base. However, if it turned out that the number of bots was higher than Twitter claims, Elon Musk could justify renegotiating the deal at a much lower price in the first place. From son From the outside, by continuing to act, Parag Argawal shows a certain spirit of responsibility. Which also shows Elon Musk that perhaps the table of recent years has not been all that Manichaean, and that the team direction current is also capable of making difficult decisions. Parag Argawal also adds that he “will continue to make the difficult decisions that are needed”: “Me and any other leader twitter We will not use this takeover agreement as an excuse to avoid making important decisions for the company’s health.”
