Stock Market News
Twitter executive changes aimed at building ‘a stronger Twitter’, CEO says
2022.05.13 22:45
FILE PHOTO: Printed Twitter logos are seen in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Twitter (NYSE:TWTR) Chief Executive Parag Agrawal said on Friday that he had announced leadership changes and a hiring freeze in order to “build a stronger Twitter,” even as the company is being acquired by billionaire Elon Musk.
“Some have been asking why a ‘lame-duck’ CEO would make these changes if we’re getting acquired anyway,” he wrote in a series of tweets. “While I expect the deal to close, we need to be prepared for all scenarios.”