A lame CEO Twitter will keep changing: Parag Agarwal breaks silence on acquisition technology news

New Delhi: Breaking his silence, a furious Twitter CEO Parag Agarwal has explained why a “lame-duck” CEO has made significant changes to the micro-blogging platform amid the $44 billion acquisition by Tesla CEO.

He insisted that “nobody on Twitter is just working to keep the lights on,” he said, adding that a lot has happened over the past several weeks.

“I have focused on the company and haven’t said much publicly during this time, but now I will,” he said in a tweet thread.

Agarwal has fired consumer products leader Kyvan Becpour and head of revenue product Bruce Falk for “taking the team in a different direction.”

“Changes affecting people are always hard. And some people are asking why a “lame-duck” CEO would make these changes if we’re achieving that anyway. The short answer is pretty simple: We take pride in our work. do,” he said.

“Regardless of future ownership of the company, we are here to improve Twitter as a product and business for customers, partners, shareholders and all of you,” Agarwal said.

On the $44 billion Musk deal, he said: “While I expect the deal to close, we need to be prepared for all scenarios and always do what is right for Twitter. I am Twitter’s leadership and operation.” And I am accountable for our work. Every day is to build a stronger Twitter.”

On the freeze and other cost-cutting measures he announced, Agarwal said: “Our industry is in a very challenging macro environment — right now. I use the deal as an excuse to avoid making decisions that are important to the health of the company.” I will not, and neither will any leader be on Twitter.”

Aggarwal has said that effective this week, Twitter is stopping most hiring and backfill except for commercially important roles.

“What can you expect from me going forward? I’m still focused on getting things done, and that involves making tough decisions as needed. I’ll continue to embrace the deeper complexities of our service and our business. And you more.” Can expect more changes. For the better,” the Indian-origin CEO explained.

Musk has temporarily put a $44 billion Twitter deal on hold because he wants to know how many Twitter accounts are spam or fake before investing the larger amount.

The micro-blogging platform disclosed in a filing earlier this week that false or spam accounts represented less than 5 percent of its monetizable daily active users (MDAUs) during the first quarter (Q1).

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