“We have to be prepared for all scenarios”

“We have to be prepared for all scenarios”

Elon Musk and Parag Agrawal

Elon Musk and Parag Agrawal.Getty Images

  • Twitter CEO Parag Agrawal has not been active on Twitter since Musk bought it.

  • Agrawal in a thread referenced Twitter’s hiring hiatus and said he expected the deal to go through.

  • “I will not use the deal as an excuse to avoid important decisions for the health of the company,” he wrote.

Twitter CEO Parag Agrawal hasn’t been very vocal on his Twitter account since Elon Musk made a bid to buy Twitter for $44 billion in late April — but that changed on Friday.

“A lot has happened in the last few weeks. I’ve been focused on the company and haven’t said much publicly during this time, but I will now,” Agrawal said wrote.

In a lengthy Twitter thread, he discussed Twitter’s outright hiring freeze and said he expects Musk’s deal to go throughamong other topics.

The world’s richest man and future Twitter owner said Monday the deal was on hold, “pending details supporting the calculation that spam/fake accounts actually make up less than 5% of users,” but later added , he still intends to complete the purchase.

Musk has fought spam bots and promised to “authenticate all people.” But as Variety pointed out, Twitter has been using the 5% figure in its financial records since going public in 2013, and it’s possible that Musk is just looking for a way out with the way things are going.

On Thursday, Agrawal emailed employees, saying the company plans to suspend hiring for non-essential positions, may want to withdraw offers already pending, and two top executives are leaving the company.

And that was just this week’s drama. Agrawal has been relatively quiet about his account over the past few weeks in a variety of online moments, from Musk’s tweets about his employees to Musk’s ideas for the company coming out.

In Friday’s thread, Agrawal twice discussed answering questions about his recent decision-making.

“Some have questioned why a ‘lame’ CEO would make these changes if we’re going to be acquired anyway,” he wrote.

It wasn’t exactly clear who he was referring to, but it was CNBC Scott Wapner replied to the first tweet in Agrawal’s thread and asked just that, for example.

The answer, Agrawal continued (he only answered himself), is: “We have to be prepared for all scenarios and always do what’s right for Twitter.”

Agrawal added that he and the rest of Twitter executives would not use Musk’s upcoming acquisition to “avoid making important decisions for the health of the company” given that tech companies like Twitter are currently in a “challenging macro environment” amid the stocks crash and peer facebook freezes the setting.

At the end of the thread, he said people could expect more communication from him, but not “the loudest soundbite,” and thanked his existing staff.

Twitter did not immediately respond to a request for comment.

Read the original article on Business Insider

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