Musk to resign as chief executive of Twitter, new CEO to start within weeks.
The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than two months’ time.Entrepreneur Elon Musk announced he has found someone to replace him as chief executive officer of Twitter, making good on a promise to the social network’s users. In a tweet on Thursday, he also said he is staying with the company but in other executive roles.
Yaccarino had already announced she was departing Comcast’s mass media conglomerate NBCUniversal, where she headed advertising and partnerships. She spent over a decade there after working as executive vice president and chief operating officer of advertising sales, marketing and acquisitions at Turner Broadcasting.for $44 billion in October 2022 and has been running it since, while insisting that’s a temporary occupation.
This included massive layoffs to cut costs. He later explained that it “turns out you don’t need all that many people to run Twitter … If you don’t care that much about censorship, then you can really let go [of a] lot of people.” While managing Twitter, Musk also implemented significant policy changes, some of which have been met with criticism. He has been trying to convince users to become paid subscribers and advertisers to return to the platform.in December, vowing to just run the software and servers teams after that. The pledge came after the majority of participants in a Twitter poll, which he himself created, asked him to step down.
Despite previously stating he does not want to be the CEO of any company and that he views himself as an engineer, Elon Musk remains the top executive of U.S. electric car maker Tesla and spacecraft manufacturer Spacex.
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