Elon Musk announces new CEO for Twitter as he steps down, position to be filled in six weeks
SAN FRANCISCO, CALIFORNIA: Elon Musk has found his successor! The Twitter owner and CEO announced on the micro-blogging site about his new role and the emptied position will be filled within six weeks. Musk who also owns and actively runs Tesla and Space X, did not reveal the new chief executive officer’s identity. He mentioned that he’ll be focusing on 'overseeing product.'
“Excited to announce that I’ve hired a new CEO for Twitter. She will be starting in ~6 weeks! My role will transition to being executive chair & CTO, overseeing product, software & sysops,” Musk tweeted on Thursday, May 11. Earlier in December, the 51-year-old shared his plans of stepping down as the head of Twitter, once he finds someone "foolish enough to take the job." Elon Musk posted a poll asking people to vote on whether he should stand down as CEO of Twitter. Musk said he would abide by the poll's results, which voted ‘Yes’ with 57 per cent. One of his following tweets read, “As the saying goes, be careful what you wish, as you might get it."
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Who will be Twitter's new CEO? Internet makes wild guesses after Elon Musk hints at stepping down
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
— Elon Musk (@elonmusk) May 11, 2023
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
'57% voted in favor of Musk's stepping down in December poll'
Back then, Kim Dotcom reacted to Musk’s poll announcement, “Hey @elonmusk, it’s unwise to run a poll like this when you are now deep state enemy #1. They have the biggest bot army on Twitter. They have 100k ‘analysts’ with 30-40 accounts all voting against you. Let’s clean up and then run this poll again. The majority has faith in you.” Musk's post-acquisition in October brought some significant changes to the organization and its platform. In a move to cut the cost, the company let go of around 75% of its 7,500-person workforce, reports ABC News.
'Partially roll back subscription fee plan'
On another level, he introduced new changes to rejuvenate the platform by offering subscriptions, a means of supplementing its advertising revenue. One such move was Twitter’s new subscription, users gain access to account verification, the site’s signature blue checkmark, for an $8 monthly fee. However, last month they partially went back on the decision and re-verified a few legacy handles, including those of Basketball legend Lebron James and author Stephen King.
This is a developing story. MEAWW will keep you updated.