Regardless of the final result, Elon Musk must have shaken things up at Twitter headquarters, with another Three senior executives The company is now leaving in the ongoing ebb and flow around the takeover push of the mask.
Last week, Twitter CEO Parag Agarwal announced that the company Consumer product leader Kayvan Bekpur and revenue chief Bruce Falk It was reported that they were no longer needed. Several other internal leaders are now pursuing the case.
As reported Bloomberg:
According to an internal memo to Bloomberg, “Elijah Brown, VP of Product Management, Katrina Lane, VP of Twitter Services and Max Smyzer, Head of Data Science, are all leaving the company. According to the memo, all three have decided to leave on their own.“
This is a big part of the business’s leading voice that is moving forward now – and we may not be done yet, with the Mask takeover deal now flowing into a new state, which will add to the pressure, already a more exciting interior atmosphere.
To restore where we are over the weekend, Musk said his $ 44 billion Twitter takeover was effectively ‘on hold’ because he did not believe Twitter’s official SEC report made up less than 5% of its active users. Fake profile.
Musk has made a big deal about the need for Twitter to deal with bots and counterfeits, as in his personal experience, many accounts do not represent real people, an issue he promised to tackle when taking ownership.
Current Twitter CEO Parag Agarwal has publicly responded to Musk’s criticism by explaining the process of assessing the number of fake users. But today, Musk reiterated that he would not go ahead with the Twitter deal if the platform could not prove his fake user claims for sure.
20% fake / spam account, where 4 times what Twitter claims, can be * much * more.
My offer was based on the correctness of Twitter’s SEC filing.
Yesterday, the CEO of Twitter publicly refused to show <5% evidence.
The deal can’t go ahead until he does.
– Elon Musk (lonelonmusk) May 17, 2022
Which, of course, made the video an overnight sensation. Various appropriate perseverance measures in his Twitter possession proposal, So as to push sales through quickly.
But again, regardless of the results, Twitter has already changed irreversibly. Many senior leaders are now moving forward with choices or company decisions, which will inevitably change the course of the company, and either make Agarwal a tougher leader, firmly in his place, if the mask somehow backs down. The contract or it will change completely, with the mask in charge.
As it stands, it still seems likely that the most likely outcome will be that Mask will be stuck in a deal with Twitter. Filing His initial proxy statement with the SEC Entrench sale today.
“Twitter is committed to completing the transaction at agreed prices and terms as soon as possible.”
There are some legal precedents for Mask to withdraw completely on the grounds that the SEC’s Twitter report was false, although to prove it, he would have to establish bad faith, largely, through Twitter’s premeditated attempts to deceive regulators. Revealed
Twitter has been reporting 5% of his fake profile account number since 2013, so it is unlikely that Mask will be able to argue that he was either anonymous or that the numbers are clearly false. But it seems he is going to try, either to reduce the value of his offer, or to move away from his bid.
There is still a lot to come, which will probably see more Twitter workers jumping ship.