2023-05-11 20:41:45
Elon Musk announced on Thursday that he had found a new chief executive to replace him at the head of Twitter, adding that she would take office in regarding six weeks. “Excited to announce that I have hired a new General Manager for X/Twitter,” he wrote in a tweet. “My role will transition to that of executive chairman and chief technology officer (CTO), overseeing products, software and systems,” said the billionaire, who renamed the company “X Corp” last month.
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
The boss of Tesla and SpaceX has not yet given the name of his replacement. The move should ease concerns among Tesla investors, who were increasingly worried regarding the businessman’s time on Twitter, Archyde.com noted.
Read also: In six months, did Elon Musk really destroy Twitter? This is not so sure
User voting
Elon Musk, who had bought the social network in October 2022 for more than 40 billion dollars, had launched a poll on his future as director of the platform in December of the same year, assuring that he would comply with the result. More than 57% of respondents then felt that he should leave.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
Read also: Elon Musk must leave the head of Twitter, say its users
The entrepreneur has transformed the Californian group, with several waves of layoffs that have reduced his teams to the bare minimum. It let back controversial figures once banned from the network for breaking its rules and launched a paid subscription for services that were previously free.
These chaotic changes and its various provocations have scared away many advertisers, on whom the platform’s business model depends. The San Francisco company, which generates most of its revenue from , is set to earn less than $3 billion in 2023, compared to $4.14 billion in 2022, or 28% less, according to Insider Intelligence.
“The biggest problem is that advertisers don’t trust Musk,” said analyst Jasmine Enberg, quoted in a statement from this research firm in April.
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