Elon Musk’s short-lived tenure as CEO of Twitter is coming to an finish this summer time. On Thursday, Musk announced on Twitter that he’d employed a brand new CEO to run Twitter. The brand new CEO will assume the function in round six weeks, however Musk didn’t reveal her title.
In the identical tweet, Musk mentioned that he could be transitioning to “exec chair & CTO,” the place he’ll oversee product, software program, and system operations going ahead. Regardless of strolling away from the CEO function, it’s clear that Musk nonetheless needs to have a say within the day-to-day operations of the social media platform he paid $44 billion to accumulate.
After Musk accomplished the acquisition of Twitter final October, the Tesla and SpaceX CEO made it clear that he could be passing on his CEO torch ahead of later. In a Delaware courtroom final November, Musk mentioned he anticipated to “scale back my time at Twitter and discover anyone else to run Twitter over time.” A couple of month later, he tweeted that he would “resign as CEO as quickly as I discover somebody silly sufficient to take the job” in response to a ballot.
Musk’s reign as Twitter CEO has been extremely tumultuous. Inside days of the acquisition, he fired nearly each high government on the firm, together with tons of of workers. Then, within the weeks that adopted, many advertisers paused spending on the platform, which, by Musk’s own admission, led to “a large drop in income.”
Considered one of Musk’s most vital adjustments throughout his time as CEO was eradicating “legacy” blue checkmarks from 1000’s of customers to drum up enterprise for Twitter Blue subscriptions, which now embrace a verified checkmark for the $8 month-to-month payment. Based on Mashable, roughly 620,000 customers had been subscribed to Twitter Blue on the finish of April 2023.
If and once we be taught extra in regards to the new CEO, we’ll make sure to let you recognize.