The executives of the “spontaneous” meeting threw angry questions at executives, including CEO Parag Agrawal, who was described as tired and sometimes annoyed, according to Insider. Contacting DailyMail.com on Saturday morning, a Twitter spokeswoman declined to comment. An employee at the meeting described Musk as anti-gay and anti-gay, expressing fears that his property would harm efforts to hire new employees. “What do we have to say to the LGTBQ community at recruiting conferences we have set up to attend when they ask us why they should come to work on Twitter when we have just sold ourselves to an openly homophobic and transphobic?” the clerk asked Dalana Brand, the head of people and Twitter differentiation. Brand diplomatically declined to agree with Musk’s assessment, saying: “I can not speak to Elon’s personal feelings about these things. “I can not talk about what he has done in his other companies, in terms of people’s experiences.” “Maybe in the future we can have a discussion. “This can be indicative,” he added. At a plenary meeting on Friday, Twitter staff asked angry questions to CEO Parag Agrawal (left) and Dalana Brand, head of people and Twitter differentiation (right) Elon Musk, who appeared with director Bryn Mooser last month, will make no decision on job cuts until he takes ownership, a source said. Musk’s criticism may have referred to his previous mockery of the inclusion of pronouns in Twitter bios. Recent reports also indicate that the billionaire was pushed to buy Twitter after the service suspended a satirical account praising a transgender Biden government official as “Man of the Year”. Twitter employees also expressed fears of impending layoffs. Musk has reportedly promised to cut executives’ salaries after taking office, but a source said he would not make any decision on job cuts until he takes ownership. An employee, described as “angry and frustrated”, raised the issue with Agrawal in a question that was read aloud during the meeting. “I’m tired of hearing about shareholders’ value and trust. “What are your honest thoughts about the very high probability that many employees will not have a job after the closing of the agreement?” asked the clerk. Agrawal replied that Twitter had always cared about its employees and would continue to do so, but did not rule out the possibility of layoffs. “Different organizations have different cultures, but they have excelled,” he said. “It will be different here than it is today, but for the people who are here, it will be worth it to be here.” “I believe that the future Twitter organization will continue to be interested in its impact on the world and its customers,” he said. Twitter headquarters are located in San Francisco. Twitter executives express fears of impending layoffs at staff meeting on Friday afternoon Executives said during the meeting that the layoff rate had not changed compared to levels before the news of Musk’s interest in buying the company. In recent days, Musk has criticized Twitter’s top lawyer, Vijaya Gadde, who is widely respected throughout Silicon Valley. Gad was a key figure in the controversial move to ban Donald Trump from Twitter and censor Hunter Biden’s laptop. Musk’s attack sparked a barrage of cyberbullying targeting Gad and led to speculation that he could fire her after taking control. At Friday’s meeting, Gadde asked questions about Musk’s contract with Twitter setting out the terms of his acquisition. Asked about the $ 1 billion termination fee that either party could be forced to pay if it pulled out of the deal, Gadde said it could be seen as “some incentive to enforce the contract”. “But the contract itself has very strong enforcement requirements,” Gadd said, according to Insider. “What I mean by that is that there is a provision in the contract that says Twitter can sue for enforcement of the contract. So, as we say, this is not just the end point. They are all the provisions and how they play together to create certainty of agreement. At Friday’s meeting, Twitter’s top lawyer, Vijaya Gadde, asked questions about Musk’s contract with Twitter setting out the terms of his acquisition.
Elon Musk Attempts to Hostilely Occupy Twitter Schedule:
January 31: Musk begins buying Twitter shares “almost daily” April 4: Billionaire reveals he has nine percent stake in tech giant April 5: Twitter offers him a seat on the board – as long as he holds no more than 14.9 percent. Initially accepts the proposal April 8: The Vanguard Group reveals that it has a larger share, 10.3 percent on Twitter, which means that Musk is no longer the largest shareholder April 9: Musk resigns from Twitter’s board day April 10: Agrawal CEO announces that Musk has refused to attend the board in a statement April 12: Investor Marc Bain Rasella files a lawsuit against Musk in New York for “failing to report his Twitter stock purchases to the SEC in a timely manner.” April 14: Tesla founder offers to buy Twitter for $ 43 billion April 14: Twitter shares fall after a hostile takeover bid April 15: Twitter board implements “poison pill” strategy against Musk April 16: Musk tweets “Love Me Tender” as he teases the possibility of a hostile takeover of Twitter again April 17: Musk agrees to a tweet saying “the game is set up” if he can not buy Twitter April 18: Jack Dorsey criticizes Twitter’s board for “conspiracies and coups” that were “a constant failure of the company”. April 18: The social media giant submits its defense for the “poison pill” to the Hellenic Capital Market Commission April 21: Musk files SEC document revealing how to finance takeover bid April 24: Must tweets “move forward” in relation to the joke on Bill Gates April 24: Twitter announces it is reconsidering Musk’s $ 43 billion bid to buy the company April 25: Twitter signs $ 44 billion takeover deal with Musk
At the meeting, officials also told executives they feared Musk’s erratic behavior could destabilize Twitter’s business and hurt it financially as the company prepares to address the advertising world at a presentation next week in New York. “We have a short-term strategy on how to handle investment-seeking advertisers,” one employee asked. Sarah Personette, Twitter’s customer manager, said the company works to communicate frequently with advertisers and reassure them that “the way we serve our customers does not change”. After the meeting, a Twitter employee told Reuters he had little confidence in what executives had to say. “Public speaking does not land. “We were told not to leak and do a job you are proud of, but there is no clear incentive for employees to do so,” he told Reuters, noting that compensation for non-executives has now been reduced due to agreement. According to research firm Equilar, Agrawal is estimated to receive $ 42 million if he was fired within 12 months of the change in control of the social networking company. Gadde, which earned $ 17 million last year, would leave with a $ 12.5 million exit package, including the rapid securitization of its equity shares. During the meeting, Agrawal urged staff to expect a change in the future under the new leadership and acknowledged that the company could perform better over the years. “Yes, we could have done things differently and better. I could have done things differently. “I think about it a lot,” he said.
Elon Musk raises sales of Tesla shares to $ 8.5 billion “to help fund his $ 44 billion acquisition of Twitter”
Elon Musk has sold a total of $ 8.5 billion in Tesla shares in recent days, according to new regulatory deposits on Friday. Deposits double the amount previously reported on the fire, which Musk is apparently working on to finance his $ 21 billion cash commitment to a $ 44 billion Twitter purchase deal. Although Musk is the richest man in the world, with an estimated net worth of $ 246 billion, most of his fortune is tied up in stock and it was clear he would have to sell some assets to fund Twitter’s acquisition. About half of the sale of Tesla shares by Musk took place on Tuesday. Musk sold another $ 4.4 billion in shares on Thursday, according to new deposits. On Thursday night, after the announcement of the first round of stock sales, Musk wrote on Twitter: “No further TSLA sales are planned after today.” Elon Musk has sold a total of more than $ 8.4 billion in Tesla shares in recent days, according to new regulatory deposits on Friday. Shares of Tesla, which fell 12 percent as it made its initial rejection earlier this week, fell 6 percent in early trading on Friday after Musk promised not to sell the rest of his stock. To complete the acquisition of Twitter, which is due to close by October, Musk has pledged $ 21 billion in cash, $ 13 billion from Morgan Stanley in traditional bank loans and another $ 12.5 billion from the bank and more. margin loans. It is not clear why Musk has decided to liquidate part of Tesla’s 17% stake so far before the expected closing date of the deal. In total, it sold about 9.6 million shares this week, according to deposits on Thursday and Friday, which equates to 5.6 percent of the company’s stake. Musk still owns about 16% of Tesla, a $ 143 billion stake. After taxes, Musk will make about $ 6.5 billion from his last sale of shares and earned about $ 3 billion from another big sell-off late last year. That leaves about $ 10 billion in cash that will still be needed to meet the equity requirement for the Twitter deal. It is not clear how it will cover the remaining equity financing. Musk owns 44% stake in unlisted SpaceX rocket company …
