Twitter CEO expects Elon Musk acquisition to close, addresses spending cuts

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Twitter CEO Parag Agrawal responded to Elon Musk's surprise tweet, saying he expected Musk’s $44 billion acquisition of the social medial company to close in 2022.

"Our industry is in a very challenging macro environment – right now," he explained. "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."

Kayvon Beykpour, Twitter's general manager of the consumer product division, and Bruce Falk, revenue product lead, were both let go. Jay Sullivan, Twitter's vice president of consumer products, will serve as general manager of BlueBird and interim general manager of Goldbird.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AMERICANS ARE SICK THIS ULTRA-MAGA VIOLENCE! “It’s like walking onto a horror movie, but everything is real' ~ Buffalo PD

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines