Elon Musk says he’s hired new FEMALE CEO for Twitter and says he’ll step back in next six weeks
- Musk made the announcement on Twitter Thursday afternoon
- He hasn’t revealed the id of new CEO, however mentioned he’ll develop into agency’s CTO
- Shares at Tesla, the place Musk can be CEO, jumped 2 % following the information
Twitter boss Elon Musk revealed he’s hired a girl to take over from him because the social media community’s chief govt officer.
Musk, who purchased Twitter in October 2022, tweeted: ‘Excited to announce that I’ve a new CEO for X/Twitter. She shall be beginning in ~6 weeks!
‘My position will transition to being exec chair & CTO (chief know-how officer), overseeing product, software program & sysops.’
Musk has not but revealed the id of his new CEO. He has slashed round 70 % of Twitter’s workers since shopping for the agency for $44 billion, together with its whole govt workforce.
Musk can be the CEO of Tesla and rocket maker SpaceX.
Immediately following the announcement, Tesla’s shares jumped greater than 2 %, in an indication that traders had been happy in regards to the transfer.
A bunch of shareholders publicly urged the board in April to make sure that Musk devoted extra time to the corporate.
The letter mentioned that they had develop into ‘more and more involved with governance and management points on the firm.’
When Musk took over Twitter on October 28, he instantly made his mark – however his tenure has not been with out controversy.
Changes such because the Twitter Blue subscription and bringing back beforehand banned customers to the platform have been met with widespread backlash.
He has additionally laid off 1000’s of the corporate’s workforce in an effort to considerably minimize prices.
He tried to develop the location’s subscription characteristic as a way of supplementing its promoting income.
Under the new system, customers must pay an $8 month-to-month payment in order to have their account verified – and obtain the location’s signature blue tick.
Previously, the location would award a verified account to notable figures reminiscent of politicians, celebrities and journalists.
However Twitter appeared to partially backtrack on its new mannequin by reinstating some legacy accounts together with LeBron James and William Shatner.
Twitter additionally suffered a person outage in February that lasted for hours and required an emergency repair, prompting an apology from the corporate.
On Wednesday, he introduced a new encrypted messaging privateness characteristic was introduced as a part of Twitter’s purpose to develop into he ‘most trusted platform on the web’.
However at this time he warned customers that the characteristic shouldn’t be trusted, and that it was ‘not fairly there but’ regardless of his preliminary jokes that he couldn’t view messages even with a ‘gun to [his] head’.
Musk’s announcement comes months after he pledged in December to step down as the pinnacle of Twitter as quickly as he discovered somebody ‘silly sufficient to take the job.’
It comes days after Musk denied that he had signed a take care of ex-Fox host Tucker Carlson, who revealed that he deliberate to relaunch his present on Twitter.
The ousted tv host made the announcement in a three-minute video posted to his Twitter web page on Tuesday, in which he slammed the mainstream media and mentioned anybody who tries to inform the reality ‘shall be fired.’
‘The finest you possibly can hope for in the information enterprise at this level is the liberty to inform the fullest fact you could, however there are all the time limits,’ Carlson informed his followers.
‘If you bump up in opposition to these limits typically sufficient you may be fired for it. That’s not a guess, it is assured.’
He posted the video together with a tweet saying: ‘We’re back.’
But Musk denied any particular settlement had been reached with Carlson, and that he was topic to ‘the identical guidelines’ as all content material creators.
‘I additionally need to be clear that we’ve got not signed a deal of any sort by any means. Tucker is topic to the identical guidelines & rewards of all content material creators,’ Musk tweeted, in response to Carlson’s video.
‘Rewards means subscriptions and promoting income share (nonetheless engaged on software program wanted for latter), which is a perform of how many individuals subscribe and the promoting views related along with his content material.’
Musk added he would love others to observe Carlson’s lead.
‘I hope that many others, notably from the left, additionally select to be content material creators on this platform,’ Musk mentioned.