Musk stepping down at Twitter

28 Musk stepping down at Twitter

The billionaire has introduced that he’s discovered a brand new CEO to run the social media platform

Twitter CEO Elon Musk introduced on Thursday that he can be stepping down from the submit in six weeks to make approach for an unnamed feminine chief government. The billionaire, who nonetheless owns the social media platform, stated that he would swap to “overseeing product.”

“Excited to announce that I’ve employed a brand new CEO for X/Twitter,” Musk tweeted. “She might be beginning in ~6 weeks!”

The tycoon added that he can be transitioning to a job as government chairman and chief expertise officer, through which he’d concentrate on “overseeing product.”

Musk put in himself as Twitter’s CEO after buying the corporate for round $44 billion final October. Within the months since, the billionaire has rolled again lots of the platform’s restrictive speech insurance policies and launched troves of paperwork detailing its collaboration beneath earlier administration with the US authorities and pro-censorship NGOs to stifle anti-establishment content material.

Musk additionally fired round three quarters of Twitter’s employees and launched a controversial paid subscription mannequin in a bid to make the corporate worthwhile.

Information of Musk’s resignation follows a ballot in December through which he requested Twitter’s customers whether or not he ought to step down as CEO. Some 57% of respondents replied he ought to, and Musk stated he would honor their want as quickly as he discovered somebody “silly sufficient to take the job.”

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