Don’t know what direction Twitter will go in: CEO Parag Agrawal

TIL Desk/Business/New Delhi/ Twitter’s India-born CEO Parag Agrawal has told worried employees that he doesn’t know “what direction this company will go in” once the whopping $44 billion deal, which will take the social media giant private, closes with new owner billionaire Elon Musk. The remarks by Agrawal, who took over the helm of the social networking giant just five months ago, came during a meeting with Twitter employees on Monday afternoon after the company said it had accepted Musk’s offer to buy it for about $44 billion.

“It’s important to acknowledge that all of you have many different feelings about what is happening,” Agrawal said. An American daily, which listened to the meeting, said that Agrawal told employees that he estimated the deal might take three to six months to complete.

“In this moment, we operate Twitter as we always have,” he said, adding that “how we run the company, the decisions we make, and the positive changes we drive — that will be on us, and under our control.” Uncertainty now hangs over the fate of Twitter employees, who voiced concern over layoffs in the wake of the acquisition by Musk.