Elon Musk, SpaceX CEO and Tesla CEO, is scheduled to address Twitter employees in an all-hands gathering on Thursday. Musk’s contentious potential buyout of the social media platform has caused plunging employee morale, with one survey finding 78 percent of employees do not believe he has the company and its shareholders’ best interests at heart.
The Verge reports Tesla CEO Elon Musk will be present at a virtual all-hands meeting with Twitter employees on Thursday where he will answer questions as his attempt to acquire Twitter continues. Twitter CEO Parag Agrawal announced Musk’s attendance in an email on Monday.
Employees of Twitter will be able to ask questions prior to the meeting. This will be Musk’s first public address to employees since he announced his $44 billion takeover plan.
It has previously been reported that many Twitter employees are upset with Musk’s attempt to acquire the company, with employees in the company’s internal Slack channels making their disapproval known. Employees are concerned about the impact of a private-owned Twitter, on company culture and monetary pay as many of them receive a part of their salary in stock. One survey of employees found that 78 percent of employees doubt Musk’s intentions in buying the company.
Musk’s open criticism of the company’s past decisions, operations, and employees has led to many worrying about their future at the firm. One employee, Twitter’s top legal executive Vijaya Gadde, reportedly cried during a company meeting in response to Musk’s attempt to purchase the platform.
After Musk raised concerns over the number of bot accounts or fake accounts on Twitter’s platform, Twitter has now agreed to grant Musk access to its internal information. Now Musk will reportedly be granted access to Twitter’s “firehose”Data from internal sources
Musk’s recent SEC filing stated: “Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement. This is a clear material breach of Twitter’s obligations under the merger agreement, and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”
Twitter refuted the allegations and responded to the SEC filing by saying: “Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement. We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms.”
On May 13 Musk stated that his purchase of Twitter was “temporarily on hold” due to the company’s low estimate that five percent of its platform consisted of bots. Musk claimed that the platforms’ user base consists of at least 20 percent bots or spam accounts.
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