Twitter CEO tells employees company isn’t ‘held hostage’ by Musk’s offer – source

A Twitter logo is seen outside the company’s headquarters in San Francisco, California, U.S., January 11, 2021. REUTERS/Stephen Lam

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April 14 (Reuters) – Twitter (TWTR.N) CEO Parag Agrawal sought to reassure employees at a town hall meeting on Thursday that the company was not “held hostage” by the news of Elon Musk’s offer to buy the company, a source familiar with the matter told Reuters.

As Agrawal responded to staff questions posted on the company’s Slack messaging service, he encouraged employees to stay focused and told them “we as employees are in control of what’s going on,” he said. said the source, who did not want to be identified because it was not authorized. speak out publicly on the subject.

The meeting came after news broke that Tesla’s CEO had offered to buy the social media company for $43 billion. Read more

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Agrawal told staff that the board was continuing to review Musk’s offer, but was limited in what it could share with employees.

In one section of the Q&A session, an employee asked how the company came to the decision to offer Musk a seat on the board.

“Are we just going to start inviting all the billionaires to the board?” according to a section of the meeting heard by Reuters.

Agrawal responded that the board was acting in the best interests of shareholders.

“I have a strong view that people who criticize our service, their voice is something we need to emphasize so that we can learn and improve,” he said.

Another employee submitted a question asking Agrawal to explain how he views Musk’s definition of free speech and whether it aligns with Twitter’s approach to the concept.

Agrawal didn’t directly answer the question, saying much of the company’s work is focused on continuously improving “the health of the conversation” on Twitter.

Earlier in the Q&A, Agrawal said he thinks “Twitter represents so much more than a human, any human.”

A Twitter spokesperson declined to comment on the meeting.

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Reporting by Sheila Dang in Dallas; Editing by Leslie Adler, Bernard Orr

Our standards: The Thomson Reuters Trust Principles.

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