Tech

Twitter CEO says he expects Musk’s deal to close but is ‘prepared for any eventuality’


Hours after Elon Musk said his acquisition on Twitter was temporary , Twitter’s CEO said he still hopes the deal will close, but “we need to be prepared for all scenarios.” In a series of tweets, Parag Agrawal did not directly address Musk’s earlier comments but he weighed in on the leadership change yesterday, which led to of two senior Twitter executives.

The move raised eyebrows not only because the two are well-known longtime leaders of the company, but because many did not expect Agrawal to take over as CEO once the acquisition is complete. (Musk has said he doesn’t trust Twitter’s current leadership and reports suggest at least temporarily taking on the role of CEO.)

“Changes that affect people are always difficult,” Agrawal said. “And some have asked why a ‘lame duck’ CEO would make these changes if we were to be acquired. The short answer is simple: While I expect the deal to close, we need to be prepared for any eventuality and always do what’s right for Twitter.”

Notably, Agrawal’s comments seem to acknowledge the possibility that Musk’s acquisition may not actually be successful. The Tesla CEO, who has said that getting rid of bots on Twitter is one of his top goals, earlier in the day that the deal was “temporarily held pending details that aid in the calculation that spam/spoof accounts actually represent less than 5% of users.” He later added that he “remains committed to the acquisition.”

Meanwhile, Twitter is also trying to correct widespread uncertainty among employees, many of whom are unhappy about for the company. In addition to cutting revenue and top product executives on Thursday, the company is also pausing all new hiring and canceling some job offers, in an effort to cut costs.

Agrawal said Friday that he will continue to “make tough decisions when necessary.” “I will not use this agreement as an excuse to avoid making decisions that are critical to the health of the company, nor any of the leaders at Twitter,” he wrote on Twitter.

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