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After a tale of much twists and turns, Tesla CEO Elon Musk finally managed to secure a deal to buy out Twitter for a sum of nearly $44 billion. That said, there are quite a few questions regarding the implications of the transaction since Musk had previously stated that he would take the platform private and make it a bastion of free speech. Coupled with the polarizing personality of the executive, it seems Twitter"s management is taking preemptive actions to stop anything untoward from happening as a result of this deal.
Bloomberg reports that Twitter has apparently placed a temporary ban on product changes unless they have executive approval. This rule will be in effect until at least Friday, though it"s unclear what the board expects to change after the end of the week.
This ban has been temporarily put in place in order to prevent potential sabotage from jaded employees going rogue after the announcement of the buyout. No product change can be implemented unless it"s business-critical and has been signed-off by the company"s vice president.
It does appear that there are some misgivings about the acceptance of the transaction, but that is understandable given the size of the company. Insider reports that in the all-hands meeting yesterday, employees asked pretty blunt questions from Twitter CEO Parag Agrawal and the board of directors. One question demanded if Twitter is prepared for the "mass exodus" of employees following the deal, claiming that Musk is a man with "questionable ethics".