Tech Gadget Central Latest Tech News and Reviews
Musk claims he found a new Twitter CEO.
The Wall Street Journal reports that NBCUniversal Head of Advertising Linda Yaccarino is “in talks” for the role. Musk did not specify. Musk tweeted that he will step down as CEO of the social network and become its executive chair and CTO. Musk anticipates the new CEO’s six-week arrival.
Musk tweeted, “Excited to announce that I’ve a new CEO for X/Twitter. “She will start in ~6 weeks! I will become exec chair and CTO, overseeing product, software, and sysops.”
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
Musk bought the social network for $44 billion in October 2022 after initially offering in April 2022. Musk became CEO of Twitter after the acquisition and fired Parag Agrawal and other executives. In November, he fired half the social network.
Musk previously stated that he would honor the results of a poll asking whether he should remain CEO and appoint a new CEO by 2023. He has not named candidates before.
Musk’s overhaul of Twitter’s policies and features has caused major advertisers to stop spending on the social network. Musk introduced a more expensive Twitter Blue subscription that lets users buy verification and removed “legacy” verified check marks. The platform also disbanded its Trust and Safety council and reinstated banned users like former president Donald Trump and Rep. Marjorie Taylor Greene.
Tesla investors may be relieved by Musk’s appointment of a new Twitter CEO. Tesla shares rose after he found a replacement.
Musk owns Twitter despite stepping down as CEO. Musk renamed Twitter Inc. X Corp. “X, the everything app” is his dream.
