Since the company’s board approved Tesla CEO Elon Musk’s plan to buy the company for $54.20 per share, which would value it at about $44 billion, Twitter has been uncertain. According to recent rumours, Musk plans to hire a new CEO after the deal is done.
Twitter CEO Parag Agarwal will likely stay on until the transfer is done. A report from Reuters says that if Musk hires new people, Agarwal will get a pay package worth $38.7 million. As little as possible is known about how the company is run daily, the founder of Mighty App took to Twitter to show his support.
He wrote a tweet: “I feel for the current CEO of Twitter (@paraga). He had all these plans, but now he has to live with the same uncertainty as the rest of his team.”
When Jack Dorsey read the post he made, he said that the creator of the Mighty App should not be sorry for himself. Instead, he should think about Twitter.
Thanks, but don’t worry about me. “What matters is the service and the people who work to improve it,” he wrote in response to his tweet.
Afterwards, Agarwal thanked Twitter employees for improving the site over the years. “I chose this job because I want to make Twitter better, correct its course when necessary, and improve it. I want to make it even better.” “Proud of our people who keep working on the project with focus and urgency, even though there is a lot of noise,” he tweeted.
One of the Twitter users who had set up a parody account responded to the message with the question, “Have you been fired?” CEO: “Nope,” tweeted Twitter’s CEO when they saw this message. That’s what he said.
Separately, a report from Reuters says that Musk is in talks with big financial groups and wealthy people to help him pay for the acquisition so that he doesn’t have to spend so much of his own money on it. Musk said that he would pay $21 billion in cash for the deal in the past. Because his Tesla shares were worth so much, he was also expected to take out a loan against them. However, according to a new report, he plans to cut back on his overall involvement in the deal.