Three high-ranking Twitter leaders have additionally left the micro blogging company. Indeed, even before Elon Musk completely assume control over Twitter, the organization has proactively experienced a few high-profile departures and a diminishing stock price.
Up to this point, the executives who have left Twitter are: Ilya Brown, a VP of product management; Katrina Lane, a vice president of Twitter Service; and Max Schmeiser, head of data science.
“We continue to be focused on providing the very best experience to the people on Twitter,” a Twitter spokesperson says. “We are thankful for all of their hard work and leadership.”
Their exits come closely behind two firings. Last week, Twitter CEO Parag Agrawal dismissed Kayvon Beykpour, the company’s head of consumer product, and Bruce Falck, its head of revenue product.
By contrast, Brown, Lane and Schmeiser are leaving of their own accord.) At the same time, Agrawal announced a hiring freeze and budget cuts but ruled out layoffs (for now).
Meanwhile, Musk on Tuesday said the $44 billion deal he haggled with Twitter’s board can’t push ahead until Twitter gives proof to help its estimate that under 5% of records are spam.
The number is a long-existing one, and it has seemed like a diversionary tactic by Musk to possibly force the board into agreeing to a new price—a lower one after weeks of a tech-stock downturn.
Twitter’s board signaled it has no intention (for now) to return to the bargaining table, filing a proxy statement on Tuesday morning and urging shareholders to accept the $54.20-a-share deal, saying:
“Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable.”
Twitter stock remains well below $54.20—up somewhat on Tuesday, a 2.3% increase to $38. If investors weren’t perturbed by Musk and the departures and everything else, that number would be much closer to $54.20.
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