![]() Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.Refresh the page or click the button below to continue.Under “ Pause on this site” click “ Always”.Click the AdBlock icon in the browser extension area in the upper right-hand corner.You won’t see tweets from me on the ‘topic of the day’ or the loudest sound bite, but rather on the ongoing, continuous, and challenging work our teams are doing to improve the public conversation on Twitter.īecause I mentioned the deal in this thread, he’re the obligatory legalese for your reading pleasure Įlsewhere in tech, take a look at how much cryptocurrency billionaires have lost from the crypto crash.Īdblock Adblock Plus Adblocker Ultimate Ghostery uBlock Origin Others I will also try to bring more transparency to the work that we do. ![]() I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter. People have also asked: why manage costs now vs after close? Our industry is in a very challenging macro environment – right now. I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day. While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he tweeted, causing Twitter’s stock price to plummet by 20% during pre-market trading. Musk put the $44 billion USD deal on hold after he raised concerns over the amount of fake Twitter users. ![]() And you can expect more change for the better.” He also promised more transparency, telling users that he will be open about “the ongoing, continuous, and challenging work our teams are doing to improve the public conversation on Twitter.” “I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day.”Īgrawal added that he and the future leaders of Twitter will not let the deal be “an excuse to avoid making important decisions for the health of the company,” and that he will “continue to embrace the deep complexities of our service and our business. ![]() “While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter,” he tweeted. The CEO explained that despite the possibility of the buyout, these decisions were made for the future of Twitter. Twitter shares were off 2.2% in Friday afternoon trading.In a series of tweets, Agrawal addressed the firing of two senior execs - reportedly Twitter’s general manager of consumer products Kayvon Beykpour and general manager of revenue Bruce Falck - following Musk’s public statements about the platform. Twitter announced Monday that Agrawal, formerly the company’s chief technology officer, would take the top role and succeed Twitter co-founder Jack Dorsey, who will stay on the board of directors until his term expires at next year’s shareholder meeting. The leadership changes mark an early attempt by Agrawal to put his stamp on Twitter’s management now that he has ascended to the CEO post. Subscribe: Want intel on all the news moving markets? Sign up for our daily Need to Know newsletter. What happens now?Īlso as part of the leadership shift, Twitter announced that Dantley Davis, who led design and research at Twitter, will be leaving his post at the end of the year, but will remain as an adviser through the first quarter of 2022 “to ensure an orderly transition.” Davis was known to have a “blunt” leadership style that drew investigations from Twitter’s employee-relations department, according to an August report from the New York Times on a culture clash at Twitter centered around Davis. Opinion: Jack Dorsey didn’t change Twitter’s trajectory.
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