Elon Musk to address Twitter employees for first time after USD 44 billion initial offer

Musk said he was putting the deal on hold on May 13, saying he needed more data from the company about those bot accounts.

Published: 14th June 2022 06:01 PM  |   Last Updated: 14th June 2022 06:44 PM   |  A+A-

Elon Musk.(Photo | AP)

Elon Musk.(Photo | AP)

By PTI

SAN FRANCISCO: Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered USD 44 billion to buy the social media platform, the company said Tuesday.

Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they'd be able to submit questions in advance, according to The Wall Street Journal.

Musk reached a deal to acquire Twitter in April, but he has clashed with the company repeatedly since then over the number of bots, or fake accounts, that exist on the social media platform.

Musk said he was putting the deal on hold on May 13, saying he needed more data from the company about those bot accounts.

ALSO READ | Twitter to provide Musk with raw daily tweet data: Report

It is not clear if this week's meeting means that the two sides have come closer together in resolving those issues.

Shares of Twitter have been trading well below the USD 54.20 per share that Musk has offered amid on Wall Street that the deal will be consummated.

Shares of Twitter Inc. rose almost 3 per cent before the opening bell Tuesday to USD 38.02.

Multiple outlets reported last week that Twitter planned to offer Musk access to its "firehose" of raw data on hundreds of millions of daily tweets.



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