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Future uncertain, says Twitter CEO Agrawal after Musk acquires company

"We don't know which direction the platform will go," Agrawal said

parag agrawal ap Parag Agrawal | AP

Twitter CEO Parag Agrawal told employees of Twitter that that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes, reported Reuters. "Once the deal closes, we don't know which direction the platform will go," Agrawal said at a town hall.

Musk has reached an agreement to acquire Twitter for approximately $44 billion.

The outspoken Tesla CEO, the world's wealthiest person, has said he wants to buy Twitter because he thinks it's not living up to its potential as a platform for "free speech." He says it needs to be transformed as a private company in order to build trust with users and do better at serving what he calls the "societal imperative" of free speech.

Twitter said it will become a privately held company after the sale is closed.

"Twitter has a purpose and relevance that impacts the entire world," Agrawal said in a tweet. "Deeply proud of our teams and inspired by the work that has never been more important."

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