The $44 billion acquisition of Twitter caused chaos within Twitter’s ranks.
in the wake of Musk launching his takeover bid, impacting countless others further down the food chain. “The feeling internally is that people have been applying for jobs, and they’re going to keep applying for jobs,” says the first Twitter staffer.
to applicants and the impact that’s likely to have on who applies in the future. One job applicant who was offered a position at Twitter this year, only to have it rescinded during the takeover, says they would apply again to the company, but not before asking the manager they’d end up reporting to about internal politics and plans for the future.
However, Cooper does think the investor impact could be more significant. “There is a downside, I think, because [Musk] would have thought about it as a commercial business acquisition, as well as a platform,” he says. Cooper believes Twitter’s senior leadership team will have to step up to the plate in Musk’s absence and introduce a new business plan to revitalize the company.
There’s also the question of staffing. The pileup of issues is a concern likely to prey on the minds of Twitter’s investors. The Vanguard Group, Morgan Stanley, BlackRock, Kingdom Holding Group, and State Street did not respond to questions about whether they felt Twitter should fight Musk in court or let the deal peter out. Ives believes that investors would prefer a Musk-free future for Twitter, with Agrawal leading the company and recouping punitive damages from Musk.
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