Elon Musk’s looming battle with Twitter’s board of directors is of great concern to the company’s employees — many of whom are said to be concerned that the billionaire’s campaign to force changes is just beginning.
Surprisingly holding a Twitter board seat رفض It came before a scheduled “rest day” for the company’s employees, according to a report.
Twitter CEO Parag Agrawal posted the news on his account last night, calling Musk’s decision “the best” even as he warned workers that they would face “distractors going forward,” Bloomberg mentioned late on Monday.
The uncertainty left workers on Twitter feeling “extremely nervous” about the future, with employees reportedly “working together to help each other get through the week”.
The report cited interviews with Twitter employees who requested anonymity while discussing the company’s internal business. Several employees told the outlet that Twitter’s internal environment was a “demo” after Musk’s deal with the board of directors failed.
One Twitter employee realized that Musk was likely “just starting” to push for change at the company — a development the worker described as “unfortunate,” according to Bloomberg.
Musk has emerged as an outspoken critic of Twitter’s business practices, and has been particularly disdainful of the platform’s content modification policies. He is also the company’s largest single shareholder after acquiring a 9% stake earlier this month.
Under the terms of his initial agreement with Twitter, Musk would have had a board seat until at least 2024 and would be barred from acquiring more than 14.9% of the company. Without closing this deal, Musk is free to acquire a larger stake in the company and lobby for greater influence over its operations.
Musk updated his SEC filing on his Twitter holdings with language indicating that he plans to remain active in the company’s dealings, despite expanding his business empire that includes Tesla and SpaceX.
The amended filing said that Musk “may express his views to the board of directors, members of the issuer’s management team, and/or the public through social media or other channels regarding the issuer’s business, products, and service offerings.”
As reported by The Post, a Twitter representative said the company’s planned city council “ask me anything” with Musk — which was set up to address concerns among company employees about his participation — likely “would not happen anymore.”
For now, Musk’s exact plans for Twitter’s future are unclear. One prominent analyst suggested that his shift to a seat on the board would lead to a higher “Game of Thrones” style battle To control the social media platform.
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