Twitter CEO Assures Staff That Company Not Held Hostage By Elon Musk's Offer

Silicon Valley: There has been an air of uncertainty in Twitter after Elon Musk's proposal to buy the company. Many are left wondering as to what would be the endgame to this situation. 

So, to clear the air, Twitter CEO Parag Agarwal made an attempt to reassure employees during an all-hands meeting held on April 14. The CEO reiterated that the company was far from being "held hostage" by the news of Elon Musk's offer to buy the company.

According to reports, the company's staff posed questions to Parag Agarwal on the company's Slack messaging service and the CEO responded by motivating the employees to stay focused and told them that the control lies in the hands of the employees.

The meeting was conducted after news of the Tesla CEO offering to buy the social media company for $43 billion broke out.

The CEO informed the staff that the board was continuing to review Elon's offer, but also told that he was limited in what he could share with the employees.

An employee asked how the company arrived at the decision to offer Musk a seat in the board in one section of the question and answer session.

"Are we just going to start inviting any and all billionaires to the board?" according to a section of the meeting heard by Reuters.

The CEO responded to these allegations by saying that the board was acting in the best interest of the shareholders.

"I have a strong point of view that people who are critical of our service, their voice is something that we must emphasise so that we can learn and get better," he said.

Also read: Elon Musk Makes Offer To Buy Twitter For $41 Billion

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