Elon Musk to meet Twitter staff for the 1st time since takeover bid

Elon Musk is set to meet with Twitter employees for the first time since launching his $44 billion takeover bid in April.

The announcement comes after Twitter indicated that a shareholder vote on the sale would take place in early August, as first reported by the Business Insider.

A Twitter spokesperson confirmed that Musk will attend the said company’s all-hands conference.

In the meeting, Musk will be addressing employee fears about his erratic behavior disrupting the company’s operations and causing financial harm.

Before his bid, Musk was supposed to meet with Twitter employees after purchasing more than 9% of the company’s stock, becoming Twitter’s largest shareholder at the time.

But after hearing Twitter executives’ plans for the platform, Musk lost faith in the management and chose not to meet with the employees.

After the announcement of Musk’s bid, employees levied Twitter CEO Parag Agrawal and Board Chair Bret Taylor with questions from their remuneration to what the takeover may entail for the company’s commitment to ethical artificial intelligence.

To quell the situation, Agrawal said that he would try to schedule time for employees to ask Musk direct questions.

Since then, the Tesla CEO has slammed the company for everything from its moderation and safety policies, which he calls a threat to “free speech,” to its anonymous user accounts, which he wants to eliminate, to its ban of former President Donald Trump, which he has promised to overturn.

Musk then put the acquisition “on hold” until additional information regarding the number of spam bots on the network becomes available.

Last week, Musk told Twitter that if it failed to supply him with data on spam and fake accounts, he would back out of his plan to buy the platform.

Lawyers for the Tesla CEO wrote to Twitter’s chief legal officer, claiming that the business was “actively fighting and blocking” his rights to access data and information under the agreement.

They claimed that refusing to give the information was a “material breach” of the contract agreement, allowing Musk to walk away without having to pay the $1 billion break fee.

In response to Musk’s request, Twitter plans to provide up its “firehose” of data, which includes tweets and details about the devices and accounts that submit them.

However, it’s unclear whether Musk could determine the actual number of bots on the site using this method.

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Jaw de Guzman
Jaw de Guzman
Jaw de Guzman is the content producer for Comms Room, a knowledge platform and website aimed at assisting the communications industry and its professionals.