Twitter CEO Parag Agrawal said that the company is not hostage to the offer of American billionaire Elon Musk, and according to Reuters, quoting sources in the company, Agrawal valued the performance of his employees during his meeting with them on Thursday evening and encouraged them to make more effort and focus on their tasks.
These statements came after Musk offered last Wednesday to buy Twitter for $43 billion.
Musk's offer is $54.20 per share, 38% higher than the closing price of Twitter's stock on April 1.
"Twitter has extraordinary potential, which I will unleash," Musk, who is the company's second-largest shareholder, wrote in a letter to its board of directors. to freedom of expression."
It is noteworthy that Twitter closed many accounts on its platform for Palestinian activists, American representatives, and political leaders of Hamas and Hezbollah. Among the most prominent of those who suspended Twitter were former US President Donald Trump and Iranian Supreme Leader Ali Khamenei, which caused many criticisms at the time.
Trump has also created a platform similar to Twitter that will be available to the public in the first quarter of next year.
Musk, who describes himself as an "absolute supporter of freedom of expression", criticized the social media platform and its policies, and the American billionaire, who is considered the richest man in the world, according to Forbes magazine statistics, refused to join the company's board of directors after announcing his acquisition of more than 9% of the company's shares.
He recently conducted a Twitter poll asking users if they think Twitter is committed to the principle of freedom of expression.
Musk, a heavy Twitter user, last month criticized the social media platform and its recent policies.
And he said in a tweet that he is "seriously considering" launching a new social media platform, considering that Twitter is undermining democracy by not adhering to the principles of freedom of expression.
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.
Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX
— Alwaleed bin Talal (@Alwaleed_Talal) April 14, 2022
In the first response to the offer to buy Twitter, Saudi Prince Al-Waleed bin Talal, who owns 5.2% of the company's shares, rejected in a tweet on his Twitter account Thursday Musk's offer to buy the platform, and added, "I do not think that the proposed offer from Elon Musk to buy Twitter for $54.20 The stock is approaching intrinsic value given its growth prospects.... As a major contributor to Twitter, I decline this offer."
The American billionaire had told Twitter that his offer was "the best and the last," adding that he would reconsider his investment if the board of directors rejected it.
"Since I made my investment, I have now come to the conviction that the company will not thrive and will not serve this societal imperative in its current form, Twitter needs to transform into a private company," Musk said in his letter to Twitter CEO Brett Taylor.
Musk indicated that if his offer was rejected, he would reconsider his position as a Twitter contributor.
The founder of Tesla aspires to make adjustments to Twitter, some of which have been announced since his purchase of the stake, most notably making adjustments to the tweets after their publication, and the possibility of paying for the platform through cryptocurrencies.