Parag Agrawal, CEO of Twitter, told staff Thursday afternoon that no decision had been made by the board regarding Musk’s offer. Parag Agrawal, the 37-year-old Twitter CEO, spoke to staff Thursday after a board meeting to discuss Musk’s proposal. The board will follow a “strict procedure” and make a decision “in the interest of our shareholders,” Agrawal said, according to The Verge. Prior to Agrawal’s speech, employees were heard singing songs such as “I Say A Little Prayer” and “I Want It That Way” by the Backstreet Boys, the website said. Agrawal then conducted a 25-minute Q&A session. He did not say when the board would have an answer for Musk, or where the board was headed – answers The Verge said disappointed some staff. The board will follow a “strict procedure” and make a decision “in the interest of our shareholders,” he said.
In the midst of internal board discussions, billionaire businessman Mark Cuban claimed that Musk was “bad” with the SEC, participating in a complicated plan to raise the value of his shares on Twitter before selling them at a huge profit. Elon Musk is pictured on Thursday, hours after he submitted his attempt to control Twitter. The 50-year-old spoke on stage in Vancouver with TED curator Chris Anderson. Mark Cuban (right) said he believed Musk was playing with the SEC “My strong intuitive sense is to have a public platform that is as credible and broadly inclusive as is important for the future of civilization,” Musk said. Cuban, 63, is closely monitoring Musk’s moves in relation to the social networking company, which Musk announced Wednesday that he wanted to privatize for $ 43 billion. Musk’s interest in Twitter was rapid and furious. On March 14, it bought 73,486,938 Twitter shares, or 9.2 percent of Twitter, for about $ 3 billion. The news was made public in a statement by the Securities and Exchange Commission (SEC) on April 4, and Musk became the largest shareholder. Musk has been speculating about changes to the site – renaming it “Titter”, adding editing buttons – and is considering turning the company’s headquarters into a homeless shelter. He even wondered if Twitter had a future. Cuban said Thursday that he was watching for fun and concluded that it was all part of Musk’s elaborate plan to play with the SEC. “My conclusion, @elonmusk is facing the SEC,” Cuban wrote on Twitter. He said that the submission of documents by Musk to the SEC, officially stating his intentions, gave him legal coverage to carry out his plan. Musk was fined $ 40 million in September 2018 – half of him, half of Tesla’s – for writing on Twitter that he had taken Tesla privately and put the stock market in a frenzy. Cuban said that this time, the legal side was sewn. “His deposition with the SEC allows him to say that he wants to privatize a company for $ 54.20 versus’ I’m thinking of privatizing Tesla for $ 420. “Funding is secured,” Cuban said. “The price is going up. His shares are for sale. Profit up. ‘SEC like the WTF just happened.’ Musk himself denied on Thursday that he wanted to buy Twitter for financial reasons, insisting that his motive was to protect freedom of speech. “It’s not about finances,” Musk said, speaking at a TED conference in Vancouver. “My strong intuitive sense is that having a public platform that is as credible and broad as possible is important for the future of culture. “Twitter has become somewhat of a de facto city square, so it is very important that people have both the reality and the perception that they can speak freely, within the limits of the law.” Elon Musk appeared at TED2022 on Thursday, saying he was seeking a hostile takeover of Twitter not for financial gain but for the “future of civilization,” saying he had a “Plan B” if his initial $ 43 billion bid failed. Musk apparently targeted the company’s remote work policies, saying he came up with the plan “since no one shows up anyway.” The second tweet about deleting ‘w’ saw Musk give two options without ‘no’ in response Cuban – who has spoken in the past about his admiration for the 50-year-old dude – was unconvinced and thought it was all part of a fun, lucrative game for Musk. He added: “Elon may have started this, but his threat to sell his shares, if twitter says no, opened the door for these tech giants to come in for relatively ‘little’ money and grab huge influence. on Twitter or possibly a direct route. in acquisition. “Elon will smile all the way to the bank.” Cuban said he believed Twitter’s board would do everything in its power to prevent Musk from taking over the company. “I think Twitter will do everything possible not to sell the company,” he said. “They will try to get a friend to come in and buy Elon’s shares and get him out.” He added: “Do you want to see the whole world lose its own?” Get Peter Thiel to work with Elon and increase his Twitter bidding. The Cuban, the owner of the Dallas Mavericks, is estimated to be $ 4.7 billion On Thursday afternoon, Twitter CEO Parag Agrawal told staff that the board had not yet made a decision on Musk’s bid and had not set a timetable.

Musk bids in a text message on his Twitter chair

According to a regulatory filing, Musk began his takeover bid with a text message to Twitter chairman Brett Taylor on Wednesday. The text message read: As I mentioned this weekend, I believe the company needs to be private to go through the changes that need to be made. After the last several days of thinking about this, I decided that I wanted to acquire the company and make it private. I will send you an offer letter tonight, it will be public in the morning. Are you available for chat? The Cuban, who is worth about $ 4.7 billion, spoke warmly about Musk, whose fortune of $ 219 billion even exceeds Jeff Bezos’s $ 171 billion. “I like Elon Musk,” Cuban told the New York Post in June 2020. “He may be full of himself sometimes, but he’s the only entrepreneur in my life who really takes on projects that most people would even be afraid to try, and [he] it makes them work. “ “The guy is a machine that does things and seems to have fun along the way. I admire that. “ He previously compared Musk to Steve Jobs and Jeff Bezos, and after a bizarre call for Tesla earnings in 2018, in which Musk called analysts’ questions “boring” and “bony,” Cuban defended him. “It’s okay [a CEO] to have a stand, “Cuban told CNBC in May 2018. “You do not have to be constantly vanilla – this is life.” Cuban added that he respects Musk as a founder who “puts his heart out there”. The Texan businessman disagreed with Musk in April 2020, when Musk called the lockdown for COVID “fascist”. Musk was outraged by the restrictions placed on employees at his Tesla plant. “Anything that negatively affects Tesla, Elon hates, dot, end of story,” he said. “You know, I do not think he has the interests of others in his heart.”