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Twitter Boss Tries to Calm Nerves After Musk’s Latest Chaos

Usanewsposts
May 13, 20220

John Shearer/Getty

Twitter CEO Parag Agrawal sought to project calm on Friday following another tumultuous day at the social media company. The culprit, as usual: Elon Musk, who had declared that morning that he was temporarily suspending his $44 billion takeover bid while he examined the exact percentage of Twitter’s users composed of fake or spam accounts.

Musk later insisted that he was “still committed” to the buyout, but investors were nonetheless unnerved, sending Twitter’s stock cratering 10 percent by Friday afternoon.

In typical Musk form, the billionaire sidestepped corporate best practices by making the statements via tweet, rather than submitting an official securities filing.

at The Daily Beast.

…read more

Source:: The Daily Beast

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Blocked Suez Canal Is Latest Reminder Why Companies Need Crisis Plans

These are tough times for supply chains and business leaders who depend on them. Brexit. The pandemic. Congestion at major ports. Now a 1, 300-foot-long container ship is preventing hundreds of other vessels from using the Suez Canal, one of the most important waterways in the world.

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