Twitter Agrees to Musk Bid, Locks Down Product Changes
TAfter receiving a $44 Billion bid from Elon Musk to purchase it, witter Inc. made certain that changes were not made to its social media platform. According to sources familiar with the matter, this will make it difficult for employees who wish to make unauthorized changes.
For now, Twitter won’t allow product updates unless they’re business-critical, said the people, who asked not to be identified because the situation is private. Musk made a bid for $54.20-per share. The deal was accepted after an intense courtship which began when Tesla Inc. founder and CEO, Elon Musk disclosed a 9% stake earlier in the month.
According to people, product changes require the approval of a vice-president. Twitter imposed the temporary ban to keep employees who may be miffed about the deal from “going rogue,” according to one of the people.
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The move underscores Twitter’s bumpy road ahead as it transitions from a publicly held company to a private one owned by the controversial billionaire. Many of the company’s employees have been agitated about the idea of Musk taking charge and what changes may come.
Musk (50) is an avid tweeter who has shared many of his ideas on the platform. These include everything from adding to it. edit button to turning Twitter’s San Francisco headquarters into a homeless shelter.
Twitter previously implemented freezes on its code in advance of major events such as Super Bowl to maintain continuity and to prevent any mistakes from occurring.
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