Elon Musk said on Thursday he has found a new CEO for Twitter – but did not name the person, only saying “she” would be starting in about six weeks.
Musk, who bought the social media platform last October and has since been running it, has long insisted he is not its permanent CEO. The billionaire entrepreneur wrote on Twitter that his role would transition to being the company’s executive chairman and chief technology officer.
In a tweet, he said: “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!”
Shares of Tesla rose about 2 per cent after he made the announcement. Shareholders of his electric car company have been concerned about how much of his attention is being spent on Twitter.
Musk’s tenure at Twitter’s helm has been chaotic, and he’s made various promises and proclamations he’s backtracked or never followed up on.
He began his first day firing the company’s top executives, followed by roughly 80 per cent of its staff.
He has since upended the platform’s verification system and has scaled back content moderation and safeguards against the spread of misinformation.
Source: CNN
