Skip to content
Search

Latest Stories

Don't know where Twitter is headed: Parag Agrawal

Don't know where Twitter is headed: Parag Agrawal

TWITTER'S India-born CEO Parag Agrawal has told its worried employees that he doesn't know “what direction this company will go in” once the social media giant is formally taken over by billionaire Elon Musk.

The remarks by Agrawal, who took over the helm of Twitter just five months ago, came during a meeting with its employees on Monday (25) after the company said it had accepted Musk's offer to buy it for about $44 billion (£34.6 bn).

“It's important to acknowledge that all of you have many different feelings about what is happening,” The New York Times quoted Agrawal as saying.

The American daily said Agrawal told employees that he estimated the deal might take three to six months to complete.

“In this moment, we operate Twitter as we always have," he said, adding that “how we run the company, the decisions we make, and the positive changes we drive — that will be on us, and under our control.”

Uncertainty now hangs over the fate of Twitter employees, who voiced concern over layoffs in the wake of the acquisition by Musk.

It is unclear how hands-on Musk plans to be at Twitter, the newspaper said.

“Among the unanswered issues are whom he might pick to lead the company and how involved he would be in running the service,” it said, adding that Agrawal is “expected to remain in charge at least until the deal closes.”

In the employee meeting, Agrawal acknowledged the uncertainty ahead.

“Once the deal closes, we don't know what direction this company will go in,” Agarwal, 37, said.

Upon completion of the transaction, Twitter will become a privately held company.

The transaction, which has been unanimously approved by the Twitter board of directors, is expected to close in 2022, subject to stockholder and regulatory approvals and other customary closing conditions.

As Twitter Chairman Bret Taylor announced that Tesla and SpaceX founder Musk will acquire the company, Agrawal tweeted, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

In the meeting with Twitter employees, Agrawal and Taylor “nodded to the emotions of the day and how workers were most likely processing the news of a sale.”

Agrawal said compensation would remain largely the same under Musk but “he did not make the same assurances about Twitter's policies and culture,” the newspaper said.

Agrawal told employees that their stock options would convert to cash when the deal closes. Employees would receive the same benefit packages for a year after the deal was finalised, the report said.

In response to a question about whether former president Donald Trump, who was permanently suspended from the social networking site in January 2021, would be allowed back on the platform, Agrawal said, “We constantly evolve our policies.”

Following the acquisition, Musk, the world's wealthiest person, said, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated."

"I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it," the Tesla CEO said.

Jack Dorsey Twitter co-founder Jack Dorsey (Photo by MARCO BELLO/AFP via Getty Images)



Twitter co-founder Jack Dorsey, who had stepped down in November last year, had declared that his “trust" in Agrawal “as our CEO is bone deep”.

Dorsey had said that after almost 16 years at the company, he had decided it was finally time for him to leave and the first reason he had given for why it was the “right time” for his departure was “Parag becoming our CEO."

"The board ran a rigorous process considering all options and unanimously appointed Parag. He's been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He's curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily," Dorsey had said.

Agrawal, named CEO on November 29, 2021, had said in a note posted on Twitter that he was “honoured and humbled” by his appointment and expressed gratitude to Dorsey's “continued mentorship and your friendship.”

An IIT Bombay and Stanford alumnus, Agrawal had joined Twitter 10 years ago when there were fewer than 1,000 employees.

“While it was a decade ago, those days feel like yesterday to me. I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. But then and now, above all else, I see Twitter's incredible impact, our continued progress, and the exciting opportunities ahead of us,” he had said in the post following his appointment.

(PTI)

More For You

raj kundra

Raj Kundra names Bipasha Basu and Neha Dhupia in £5.6m Bollywood fraud probe

Getty Images

Raj Kundra tells Mumbai police £5.6m fraud funds went to Bipasha Basu and Neha Dhupia

Highlights:

  • Raj Kundra questioned in India for five hours over alleged £5.6m (₹60 crore) fraud
  • He claimed money was paid as fees to Bollywood stars Bipasha Basu and Neha Dhupia
  • Investigators traced nearly £2.3m (₹25 crore) in direct transfers to actresses and Balaji Entertainment
  • Shilpa Shetty also under scrutiny as financial probe widens

Businessman Raj Kundra, husband of Bollywood actor Shilpa Shetty, has been questioned for nearly five hours by financial crime investigators in India in connection with an alleged £5.6 million (₹60 crore) fraud. During interrogation, Kundra reportedly said part of the disputed money was paid as professional fees to Bollywood actresses Bipasha Basu and Neha Dhupia. Authorities are now examining whether these transactions were legitimate or part of a larger scheme.

raj kundra Raj Kundra names Bipasha Basu and Neha Dhupia in £5.6m Bollywood fraud probe Getty Images

Keep ReadingShow less
India vs Pakistan

The PCB had complained to the ICC, alleging that Pycroft instructed Pakistan captain Salman Ali Agha not to shake hands with Indian skipper Suryakumar Yadav at the toss in Sunday’s Asia Cup match.

Getty Images

ICC rejects PCB request to drop Pycroft from Asia Cup panel

THE International Cricket Council (ICC) has rejected Pakistan’s request to remove match referee Andy Pycroft from the Asia Cup. The decision came after the Pakistan Cricket Board (PCB) blamed the Zimbabwean official for the “no handshake” incident during their game against India and reportedly threatened to pull out of the tournament.

The PCB had complained to the ICC, alleging that Pycroft instructed Pakistan captain Salman Ali Agha not to shake hands with Indian skipper Suryakumar Yadav at the toss in Sunday’s Asia Cup match.

Keep ReadingShow less
World Curry Festival 2025

The discovery coincides with Bradford’s City of Culture celebrations

World Curry Festival

Bradford’s first curry house traced back to 1942 ahead of World Curry Festival

Highlights:

  • Research for the World Curry Festival uncovered evidence of a curry house in Bradford in 1942.
  • Cafe Nasim, later called The Bengal Restaurant, is thought to be the city’s first.
  • The discovery coincides with Bradford’s City of Culture celebrations.
  • Festival events will include theatre, lectures, and a street food market.

Historic discovery in Bradford’s food heritage

Bradford’s claim as the curry capital of Britain has gained new historical depth. Organisers of the World Curry Festival have uncovered evidence that the city’s first curry house opened in 1942.

Documents revealed that Cafe Nasim, later renamed The Bengal Restaurant, once stood on the site of the current Kashmir Restaurant on Morley Street. Researcher David Pendleton identified an advert for the cafe in the Yorkshire Observer dated December 1942, describing it as “Bradford’s First Indian Restaurant”.

Keep ReadingShow less
Robert Redford death

Robert Redford dies at 89 leaving behind a Hollywood and Sundance legacy

Getty Images

Robert Redford dies at 89 as tributes hail his fight for cinema freedom and environmental justice

Highlights

  • Robert Redford, Oscar-winning actor and director, dies at age 89 in Utah
  • Starred in classics including Butch Cassidy and the Sundance Kid and All the President’s Men
  • Founded the Sundance Institute, transforming the landscape of independent cinema
  • Advocated for environmental causes and used his fame to highlight pressing global issues

Robert Redford dies at 89, leaving behind a legacy that bridged blockbuster Hollywood hits and groundbreaking independent cinema. Best known for Butch Cassidy and the Sundance Kid and All the President’s Men, Redford was not only a matinée idol but also an Academy Award-winning director and the driving force behind the Sundance Film Festival, which changed the trajectory of global filmmaking.

Robert Redford death Robert Redford dies at 89 leaving behind a Hollywood and Sundance legacy Getty Images

Keep ReadingShow less
UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less