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Musk to set first meeting with Twitter staff since the takeover deal

Date: June 15, 2022 Omkar Patwardhan Omkar Patwardhan
Musk to set first meeting with Twitter staff since the takeover deal 
Tesla and SpaceX boss, Elon Musk, has reportedly planned to hold his first meeting with the staff of Twitter on Thursday for the first time since making the $44 billion proposal to acquire the social media firm in April.



According to reports, at the meeting, the multibillionaire is expected to respond to questions from Twitter employees.



Parag Agrawal, Twitter's CEO, disclosed the event by rolling out an organization-wide mail to staff members on Monday. Agrawal also stated that employees might ask questions to Musk ahead of time.



Musk will speak directly to the employees of the social media company, making this his first interaction with Twitter staff since announcing his takeover offer at the all-hands meeting.



Earlier this month, Musk had threatened to back out of the arrangement, claiming that the social media firm was thwarting his attempts to know more about its user base.



In a letter addressed to Twitter’s CLO, Musk’s lawyers stated that the platform’s reluctance to give the information was a ‘material breach' of the contract agreement, something that would allow Musk to pull out of the deal without having to pay the $1 billion break fee.



In a letter that was filed with the SEC, the Tesla boss stated that he had the right to evaluate spam accounts on his own.



The letter made official a conflict that had been simmering for weeks after Musk put the sale ‘on hold’ asking for more information.



Some experts believe that Musk is trying to renegotiate the price or possibly pull out of the deal because of the issue. They asserted that his decision to take the issue online was unexpected, making it impossible to know his seriousness on the matter.



In one instance, after Twitter's CEO defended the firm's process for spotting fake users in a series of tweets, the American business magnate responded with a poo emoji.



At the closing of New York trading on Monday, Twitter shares were trading at approximately $37.03, substantially below the $54.20 Musk's offer priced them at.



Source credit: https://www.bbc.com/news/business-61793188

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Omkar Patwardhan

Omkar Patwardhan started his professional career in the hospitality industry. Having nurtured a deep-sated passion for words however, he found his way into content writing and now pens down articles for numerous websites, including News Origins, spanning the sectors of business, finance, and technology.