(Sophie Mann) There has been relatively widespread internal anxiety about Musk’s takeover of Twitter since the announcement in April.
Related Elon Musk Threatens to End Deal With Twitter
by Sophie Mann, June 14th, 2022
Elon Musk will attend a Twitter virtual, all-hands meeting Thursday to take questions from employees about his presumptive takeover of the company.
A spokesperson for the short-form online platform confirmed Musk’s attendance, following the initial report by Business Insider. The meeting will be the first time Musk has spoken to Twitter employees since launching a bid to buy the company in April.
“We’ll cover topics and questions that have been raised over the past few weeks,” read a note from Twitter CEO Parag Agrawal, according to Insider.
The announcement that Musk would buy Twitter, for an estimated $44 billion, has resulted in concern among some Twitter employees about the implications of the Tesla CEO’s looming takeover.
Shortly after the announcement, employees told executives they were worried that Musk’s sometimes erratic behavior could harm the company’s bottom line. They also expressed uncertainty about what their futures with the company would look like under Musk’s leadership.
Since announcing his bid to buy the company, Musk has encountered a number of issues that he sees as potentially endangering to the deal, including the company’s failure to be upfront about the true number of bot accounts populating the site.
Attorneys for the billionaire entrepreneur say Twitter’s stonewalling on the issue amounts to a “clear material breach of Twitter’s obligations under the merger agreement.”
The company has said it will resolve the issue and move ahead with the agreement.
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