Musk Making Changes To Twitter (Babylon Bee)

Twitter CEO faces employee anger over Musk attacks at company-wide meeting
Sheila Dang and Katie Paul | Reuters
Fri, April 29, 2022, 12:30 PM

(Reuters) -Twitter Chief Executive Parag Agrawal sought to quell employee anger on Friday during a company-wide meeting where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk.

The meeting comes after Musk, the Tesla chief executive who sealed a $44 billion deal to buy the social media company, repeatedly criticized Twitter's content moderation practices and a top executive responsible for setting speech and safety policies.

At the internal town hall meeting, which was heard by Reuters, executives said the company would monitor staff attrition daily, but it was too soon to tell how the buyout deal with Musk would affect staff retention.

Musk has pitched lenders on slashing board and executive salaries but exact cost cuts remain unclear, according to sources familiar with the matter. One source said Musk would not make decisions on job cuts until he assumes ownership of Twitter.

"I'm tired of hearing about shareholder value and fiduciary duty. What are your honest thoughts about the very high likelihood that many employees will not have jobs after the deal closes?" one Twitter employee asked Agrawal, in a question read aloud during the meeting.

Agrawal answered that Twitter has always cared about its employees and would continue to do so.

"I believe the future Twitter organization will continue to care about its impact on the world and its customers," he said.

Executives said during the meeting that the employee attrition rate has not changed compared to the levels before the news of Musk's interest in buying the company.

In recent days, Musk has tweeted criticism of Twitter's top lawyer, Vijaya Gadde, who is a Twitter veteran and widely-respected across Silicon Valley. Musk's attack triggered a barrage of online harassment targeting her.

Employees 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 in a presentation next week in New York City.

"Do we have a strategy in the near-term on how to handle advertisers pulling investment," one employee asked.

Sarah Personette, Twitter's chief customer officer, said the company was working to communicate frequently with advertisers and reassure them "the way that we service our customers is not changing."

After the meeting, a Twitter employee told Reuters there was little trust in what executives had to say.

"The PR speak is not landing. They told us don't leak and do a job you are proud of, but there is no clear incentive for employees to do this," the employee told Reuters, noting that compensation for non-executive staffers is now capped because of the deal.

Agrawal is estimated to receive $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar.

During the meeting, Agrawal urged staff to expect change in the future under new leadership, and acknowledged that the company could have performed better over the years.

"Yes, we could have done things differently and better. I could have done things differently. I think about that a lot," he said.

Twitter declined further comment.

Remember when Musk was a darling of the Left, with his Electric Cars and exciting Space Exploration? My how that changed when he became an obstacle to their aspirations of control over what Americans can do, think, say and write.

louie wrote:

Remember when Musk was a darling of the Left, with his Electric Cars and exciting Space Exploration? My how that changed when he became an obstacle to their aspirations of control over what Americans can do, think, say and write.

BREAKING NEWS: Liberals get their own version of “Twitter” called “Bitter” after Elon Musks takeover of Twitter.

Quote :

Conservatives hoped that Musk would restore those who have been banned, including neo-Nazis, white supremacists and insurrectionists.

Yea, that's what "conservatives are hoping for" .. Where do you even find this shit, Temple? .. Who writes it, Joy Reid? .. One of the cast from The View? .. Forfuksake .. SMH

Your double post about Mike Lindell has been deleted, Temple.

The Wise And Powerful wrote:

Your double post about Mike Lindell has been deleted, Temple.

The board had a hiccup--
No big deal-- it was read.

Temple wrote:

The Wise And Powerful wrote:

Your double post about Mike Lindell has been deleted, Temple.

The board had a hiccup--
No big deal-- it was read.

The board doesn't hiccup the same post in two days.

ANOTHER South African is helping Elon Musk buy Twitter – but who is he?
Meet Roelof Botha: He’s the grandson of a former apartheid minister, who is now ploughing almost $1 billion into Elon Musk’s bid for Twitter.
By Tom Head, 5-6-2022 16:52



The iconic Twitter bird will turn into a Hadeda if this takeover attempt gets any more South African: Pretoria-born Elon Musk has reached out to an old friend who grew up in Cape Town – and worked with him at PayPal – in a bid to raise the financial commitments needed to prove he CAN buy the social media platform.

Roelof Botha is the 48-year-old senior steward of Sequoia. The American venture capital firm is one of the most successful in the world, and Botha has been part of their journey for the past 20 years.

It was revealed on Thursday that the UCT and Stanford University graduate had instructed his company to plough $800 million into Musk’s bid for Twitter, making him the second-highest financier on the list.

Only Larry Ellison, one of the top 10 richest people in the world, has committed more to the cause – offering a flat $1 billion for the investment opportunity. Ellison also has an enormous stake in Tesla, so it’s easy to see why the man worth an estimated $92 billion is willing to do more business with the tech entrepreneur.

WHO IS ROELOF BOTHA? EIGHT THINGS YOU NEED TO KNOW…

In total, Elon Musk has been able to stump-up $7.1 billion for the guarantee, according to sources at Bloomberg. The final sum for the takeover is expected to top $44 billion. So, how exactly did Roelof Botha find himself at the forefront of one of the biggest business deals in history? Well, he’s had quite a journey…

Botha earned a BSc in Actuarial Science, Economics, and Statistics in 1996, before working for McKinsey.

Just two years later, he moved to the USA, securing an MBA from the prestigious Stanford Business School.

From 2000 to 2003, Roelof Botha worked in close quarters with Elon Musk at PayPal, eventually becoming the CFO.

Musk’s company was sold for a monster fee October 2002, prompting Botha to shift to Sequoia.

His grandfather, Pik Botha, served 17 years as the Foreign Minister of SA’s apartheid government.

However, he also worked under Nelson Mandela’s administration, and was seen as ‘relatively’ liberal.
Roelof himself often boasts about being ‘one of the youngest actuaries in South African history’.

He was also an early investor in YouTube and Instagram.

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Tesla stock has lost 23% of its value in a month as Elon Musk seeks to buy Twitter and restore Trump.

The TDS is very real .. The author can't write a short, simple article without it being somehow related to Trump ..and Temple can't help but paste it here for that reason

The author of that drivel words it to sound as if the man would pay 40 billion to "restore Trump" .. Or that his intent to "restore" his fucking twitter account is the reason the Tesla stocks are dropping

Despite how completely unrelated this is to Trump, they find it necessary to somehow involve him in their blather