Twitter CEO: ‘We need to be prepared for all scenarios’

Illustration by Alex Castro / The Verge

In a series of messages this afternoon, the CEO of the company acknowledged that the deal to purchase the company could fall through. For the time being, he's stillaccountable for leading and operating, and that his recent changes are meant to help manage costs.

While I expect the deal to close, we need to be prepared for all scenarios and always do what's right for the company.

His remarks came after Musk said that his purchase of the micro-blogging site was temporarily on hold due to concerns about fake accounts. While it is entirely unclear whether Musk can actually pause the deal, Matt Levine says putting a deal on hold is not a thing.

While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter. I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day.

— Parag Agrawal (@paraga) May 13, 2022

Musk is threatening to pull out of the deal, and his own company, which has been shaken by the chaotic acquisition deal, as well as the dismissal of two top product leaders.

The departures of Kayvon Beykpour and Bruce Falck were announced on Thursday. He said that the company was trying to reduce costs elsewhere and that it was hiring most of the time.

I won't use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at the company. Expect more change for the better while he remains CEO, he said.