Twitter CEO Parag Agrawal tells staff that the company is not ‘taken hostage’ by Elon Musk’s offer.
Twitter CEO Parag Agrawal tried to reassure employees during an all-hands meeting on Thursday that the company was not being “held hostage” by the news that Elon Musk had offered to buy the company, a source told Reuters.
“We, as employees, can control what happens,” Agrawal told employees as he took questions from them on the company’s Slack messaging service. The source didn’t want to be named because they were not authorized to speak publicly about the matter.
News broke that Tesla CEO Elon Musk had offered to buy the social media company for $43 billion. The meeting took place after the news broke that Musk had made the offer. Agrawal told people at the company that the board was still considering Musk’s offer, but he was limited in what he could say to them.
How did they decide to give Musk a seat on the board? People at the meeting said, “Are we just going to start inviting billionaires to the board?”
Agrawal said that the board was doing what was best for shareholders. “I think that people who aren’t happy with our service should be heard so that we can learn and improve,” he said.