Elon Musk says he has found a new CEO for Twitter

New York (CNN) Elon Musk said Thursday that he has found a new CEO to take over Twitter, months after he first left the company. promised Step back from the role.

The new CEO of Twitter Inc., which recently changed its name to X Corp., will be in place in the coming weeks, Musk said. He did not provide a name. however, The Wall Street Journal – citing sources – reported that Linda YaccarinoNBCUniversal’s head of advertising was in talks for the job.

“Excited to announce that I have a new CEO for X/Twitter. He will be starting in ~6 weeks!” Musk said a Tweet.

Musk, who has had a tumultuous reign as “Chief Tweeter” since buying the company in October, is said to be Twitter’s executive chairman and chief technology officer, overseeing product, software and computing operations.

In December, Musk made a run poll Users asked on the platform if he should step down as CEO of Twitter, which ended with a majority of users Affirmative voting. Musk said he would abide by the poll results but later backtracked, saying he would hand over the role “once I find someone stupid enough to take the job.” In February, he reiterated He plans to find a replacement by the end of the year.

Musk has faced criticism for a series of policy changes at Twitter, which often came without clear justification and raised concerns about the impact on Twitter’s users.

He has been too Try To convince advertisers to rejoin the platform after many fled because of hateful behavior on the platform, Twitter’s mass layoffs, or questions about the company’s future. At the same time, he’s trying to sell users on a new paid subscription platform that includes the ability to pay for a blue checkmark, but so far it seems to have had little traction.

See also  Meta fined $1.3 billion for transferring EU user data to US

Musk — who runs or is involved in several companies, including Tesla — has also faced criticism from them. Tesla (D.S.L.A) Stakeholders expressed concern that he was being distracted by Twitter.

Musk recently said that Twitter was at risk of bankruptcy, and now says it is “break even.” Now, the company’s new CEO will help turn around the struggling company and help Musk get back some of the $44 billion he spent acquiring the platform.

Even as Musk prepares to step down as CEO, he will retain significant control over the company’s future direction. After acquiring the company in October, Musk removed the C-suite and disbanded the board to become the site’s CEO and sole director.

Leave a Reply

Your email address will not be published. Required fields are marked *