Twitter stock

Workers say they have been left largely in the dark about what a sale to the billionaire would mean for them and their shares in the company.

The stress at the mention of Mr. Musk is a stark contrast to the welcome he enjoyed from employees two years ago. But other employees have argued in internal messages seen by The Times that their co-workers have shifted too far to the left side of the political spectrum, making employees who support Mr. Musk’s plans too uncomfortable to speak up. Mr. Musk, after all, fought with officials in California to keep his car factory open early in the pandemic. Employees said they feared missing out on the long-term value of their stock at Mr. Musk’s price of $54.20 per share. “This is meant to provide some peace of mind and explain how these things typically work, not because we believe there will be one outcome versus another,” he wrote in messages to employees reviewed by The Times. As the takeover fight played out over the last two weeks, Twitter employees said they were frustrated that they had heard little from management about what it meant for them, even as Twitter closed in on a deal with Mr. Musk on Monday morning. Twitter’s recruiting problem could balloon further if current employees quit, as some have warned they would do if Mr. Musk took over. One of the top concerns among Twitter workers is whether they will take a financial hit from Mr. Musk’s acquisition. They see Mr. Musk’s proposal to revert to Twitter’s early, lax approach as a rebuke of their work. After years of leadership squabbles, demands for change from activist investors and the boundary-testing tweets of former President Donald J. Trump, Twitter’s more than 7,000 employees are accustomed to turmoil. As the board of directors confers with bankers, lawyers and expensive public relations firms, employees are often kept in the dark. Employees said they had largely stopped celebrating the richest man in the world since he declared his intent this month to buy Twitter, scrap its content moderation policies and transform the publicly traded company into a private one.

The board appeared to be more receptive to Musk's acquisition offer in recent days, especially after the Tesla billionaire revealed in an SEC filing last week ...

The social media company said on Monday it had accepted the Tesla chief executive's takeover bid.

Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday. Twitter Accepts Elon Musk’s $44 Billion Deal. The Stock Is Climbing. Musk will pay $54.20 a share for Twitter (ticker: TWTR) in cash, representing a 38% premium to the stock’s closing price on April 1, the day before Musk disclosed a 9% stake in the social media company.