Twitter has taken Elon Musk to court for withdrawing his bid to acquire the social network for $44 billion.
Twitter has sued Elon Musk for backing out of the $44 billion deal to acquire the social network.
Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm.
Billionaire Elon Musk has pulled out of his $44 billion deal with Twitter and the company is planning to take legal action against him.
The enigmatic Agrawal is beginning to come out fighting in front of staffers and the public
Another top Twitter executive, chief financial officer Ned Segal, served up some cookies to go with coffee.
According to Twitter, the bots are about 5 per cent of the active users. But, Elon Musk disagrees.
Elon Musk has said his deal to buy Twitter will not move forward until the company publicly shows proof that spam accounts make up less than 5% of the platform’s total user base.
Twitter CEO Parag Agrawal has spoken about the challenges of fighting spam on the social network. "You can’t build a set of rules to detect spam today, and hope they will still work tomorrow," he said
Twitter CEO Parag Agrawal said that regardless of the company’s future ownership, his team was working to improve the social network for all stakeholders.
Kayvon Beykpour, Twitter’s head of product, was told by Parag Agrawal that he wanted to take the team in a different direction. Meanwhile Bruce Falack, Twitter’s general manager of revenue, also confirmed that he had been removed from his position.
Parag Agrawal also said in the memo, which was seen by Reuters, that Twitter would pause most hiring and review all existing job offers to determine whether any "should be pulled back."
It is a period of uncertainty ahead for Twitter’s staff till the company closes the deal with Elon Musk.
Elon Musk in a securities filing on April 14 said he did not have confidence in Twitter's management.
Twitter users are speculating about Parag Agrawal's future with the company after Elon Musk's takeover.
Twitter has confirmed a $44 billion sale agreement with Elon Musk. The deal is expected to be closed before the end of 2022.
On Monday billionaire Elon Musk struck a deal to buy Twitter for $44 billion, ending its run as a public company since 2013.
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 USD 44 billion.
Twitter founder Jack Dorsey was responding a tweet by a user who commented on Twitter board's history being mired in plots and coups, particularly amongst the founding members.
Concerns over what Musk could bring to the table outweigh the business positives that may be in store for the microblogging platform
Billionaire Elon Musk has offered to buy Twitter for $43 billion, saying that he could unlock the platform’s “extraordinary potential”.
CEO told staff that the board was continuing to review Musk's offer, but that he was limited in what he could share with the employees.
Although Elon Musk has been uncharacteristically silent after Twitter CEO Parag Agrawal announced that the tech billionaire has decided not to join its board, here is a list of the "significant improvements to Twitter" Musk wanted to make:
Indian Twitter users' reaction to the news has made Elon Musk's decision -- to drop out of the board on the day his appointment became official -- all too relatable.
According to Twitter CEO Parag Agrawal, Elon Musk would have been appointed to the board "contingent on a background check". Twitter users have been wondering if it was the background check which was the deal breaker.