I’m still focused on doing the job, and that includes making hard decisions as needed: Parag Agrawal
Twitter CEO Parag Agrawal has explained why a “lame-duck” CEO has made key changes at the micro-blogging platform amid the $44 billion takeover by the Tesla CEO Elon Musk.
Stressing that “no one at Twitter is working just to keep the lights on,” he said that a lot has happened over the past several weeks.
Agrawal tweeted, “A lot has happened over the past several weeks. I’ve been focused on the company and haven’t said much publicly during this time, but I will now.”
A lot has happened over the past several weeks. I’ve been focused on the company and haven’t said much publicly during this time, but I will now.
— Parag Agrawal (@paraga) May 13, 2022
He said in a tweet thread, “We announced changes to our leadership team and operations yesterday. Changes impacting people are always hard. And some have been asking why a “lame-duck” CEO would make these changes if we’re getting acquired anyway. The short answer is very simple:”
He added, “While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter. I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day.”
He said, “No one at Twitter is working just to keep the lights on. We take pride in our work. Regardless of the company’s future ownership, we’re here improving Twitter as a product and business for customers, partners, shareholders, and all of you. People have also asked: why manage costs now vs after close? Our industry is in a very challenging macro environment – right now. I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter.”
The Twitter CEO questioned, “So what can you expect from me going forward? I’m still focused on doing the job, and that includes making hard decisions as needed. I will continue to embrace the deep complexities of our service and our business. And you can expect more change for the better.”
Agrawal said that he will also try to bring more transparency to the work that we do. “You won’t see tweets from me on the ‘topic of the day’ or the loudest sound bite, but rather on the ongoing, continuous, and challenging work our teams are doing to improve the public conversation on Twitter,” he added
The CEO also expressed gratitude to his team by tweeting, “Finally – so much gratitude for our whole Twitter team. They have stood strong and focused, sharp and agile. They’ve been doing the work, as they always have. Onward.”
Agrawal has fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck to “take the team in a different direction”.
Musk has put the $44 billion Twitter deal temporarily on hold, as he wants to know how many Twitter accounts are spam or fake before he invests a huge sum of money.
The micro-blogging platform revealed in a filing earlier this week that false or spam accounts represented fewer than 5 percent of its monetizable daily active users (mDAUs) during the first quarter (Q1).
[With Inputs from IANS]
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