re: Elon Musk to acquire Twitter

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Twitter Employees Search for Answers as Musk Takeover Becomes Reality

Inside Twitter today, surprise announcements about Mr. Musk land differently. Employees said they had largely stopped celebrating the richest man in the world since he declared his intent this month to buy Twitter, scrap its content moderation policies and transform the publicly traded company into a private one. On Monday, Twitter announced it had accepted Mr. Musk’s offer to buy the company for about $44 billion.

As the takeover fight played out over the last two weeks, Twitter employees said they were frustrated that they had heard little from management about what it meant for them, even as Twitter closed in on a deal with Mr. Musk on Monday morning. They asked their chief executive, Parag Agrawal. They asked Mr. Musk himself in questions sent on Twitter. Some even went to Charles Schwab, the financial firm that manages their stock options, for clarity about the impact a sale of the company would have on them.

But they were not getting very many answers before Mr. Musk’s bid succeeded, said 11 Twitter employees who asked to not be named because they were not authorized to speak publicly, even as it became clear that they could soon find themselves reporting to Mr. Musk. On Monday afternoon, Mr. Agrawal told employees he would finally speak with them at a meeting later that day. “I know this is a significant change and you’re likely processing what this means for you and Twitter’s future,” he wrote in an email to employees.

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