Elon Musk says he has discovered a brand new CEO for Twitter.
Musk didn’t specify who will probably be taking over the function, although The Wall Avenue Journal is now reporting that NBCUniversal Head of Promoting Linda Yaccarino is “in talks” for the place. In a tweet, Musk introduced that he’ll transition from his function as CEO of the social community to serving as its government chair and chief know-how officer. The brand new CEO is anticipated to begin in six weeks, in line with Musk.
“Excited to announce that I’ve a brand new CEO for X/Twitter,” Musk wrote within the tweet. “She will probably be beginning in ~6 weeks! My function will transition to being exec chair & CTO, overseeing product, software program & sysops.”
Musk purchased the social network last October for $44 billion after initially offering to buy it in April 2022. After the acquisition was full, Musk took cost as CEO and shortly let go of Twitter’s earlier CEO Parag Agrawal and different government leaders. He then laid off half the social community’s employees in November.
Musk beforehand mentioned he deliberate to step down as CEO and appoint a brand new chief government earlier than the top of 2023, noting that he would honor the results of a poll asking whether or not he ought to stay in command of the corporate. Nevertheless, he has beforehand not named any potential candidates.
In his time as CEO, Musk has considerably overhauled Twitter’s insurance policies and options, which has led to a number of main advertisers pausing spending on the social community. Musk rolled out a revamped, pricier Twitter Blue subscription that permits customers to purchase verification and just lately removed previous “legacy” verified test marks. The platform has additionally disbanded its Trust and Safety council and reinstated the accounts of beforehand banned customers, together with former president Donald Trump and Rep. Marjorie Taylor Greene.
Musk’s determination to nominate a brand new Twitter CEO will doubtless appease Tesla investors, who’ve been involved that Musk’s time spent on Twitter is taking him away from his place as CEO of Tesla. Following the information that he discovered a alternative for the function, Tesla shares surged.
Though Musk will quickly not be CEO of Twitter, he nonetheless owns the corporate. Musk just lately renamed Twitter Inc. to X Corp. He has lengthy aspired to construct what he calls “X, the everything app.”
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