May 30, 2024

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Musk will meet with Twitter employees for the first time this week

On Thursday, Elon Musk will speak to Twitter employees for the first time since declaring his $44 billion (£36.2 billion) bid for the company in April.

The multibillionaire Tesla CEO is expected to take questions from Twitter staff during the meeting.

Mr Musk has warned that he will terminate the deal if the company fails to provide data on fraudulent accounts on the platform.

Twitter’s CEO, announced the event in an email to workers on Monday.

According to Mr Agrawal, employees may submit questions to Mr Musk ahead of time.

For the first time since launching his takeover offer, Mr Musk will speak directly to the company’s employees at the all-hands gathering.

He threatened to cancel the deal earlier this month, claiming that the social media site was “thwarting” his efforts to learn more about its users.

In a letter to regulators, Mr Musk claimed that he had the authority to assess spam accounts on his own.

The letter put an end to a squabble that had been brewing for weeks since he placed the transaction “on hold” while he gathered more information.

Because of the difficulty, analysts believe Mr Musk is attempting to renegotiate the price or even walk away from the agreement. They argued that his decision to discuss the matter on social media was uncommon, making it difficult to assess his seriousness.

After Mr Agrawal defended the company’s process for recognising fraudulent accounts in a series of tweets, Mr Musk responded with a poo emoji.

The company’s shares were trading at $37.03 at the close of New York trade on Monday, well below Mr Musk’s offer price of $54.20.