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

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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.

 

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