Last Updated: May 12, 2023, 06:04 IST
Tesla CEO Elon Musk has been pressured to make big value cuts in Twitter to search out extra sources of income. Now he has employed a new CEO. (Image: Reuters)
The new chief government for Twitter will probably be beginning in about 6 weeks
Twitter CEO Elon Musk stated on Thursday that he has discovered a new chief government for the social media platform and its newly named X Corporation father or mother.
Musk, who introduced the information on Twitter, stated his position will shift within the firm to focus extra on the product, software program, and sysops.
“Excited to announce that I’ve employed a new CEO for X/Twitter. She will probably be beginning in ~6 weeks! My position will transition to being exec chair & CTO, overseeing product, software program & sysops,” he tweeted.
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!My role will transition to being exec chair & CTO, overseeing product, software & sysops.
— Elon Musk (@elonmusk) May 11, 2023
Musk, however, did not name the candidate. But said that “she will be starting in about 6 weeks.”
However, The Wall Street Journal reported that Linda Yaccarino, the chairman of world promoting and partnerships at NBCUniversal, is in discussions to turn into the brand new CEO of Twitter.
With over a decade of expertise at NBCUniversal, Yaccarino has been a sturdy advocate for enhancing promoting measurement and performed a essential position within the profitable launch of NBCUniversal’s ad-supported Peacock streaming service.
The transfer is prone to allay Tesla buyers’ considerations, who’ve been more and more fearful in regards to the time that Musk is devoting to turning round Twitter.
Tesla Inc shares jumped 2.4% in quantity spike on the information, in accordance with Reuters information company.
Last October, Elon Musk acquired the social community for a whopping $44 billion. This buy got here after his preliminary provide to purchase the corporate in April 2022.
Following the completion of the acquisition, Musk assumed the position of CEO and promptly changed Twitter’s former CEO, Parag Agrawal, in addition to different prime executives.
In November, he made the choice to downsize the corporate by letting go of half of its workforce.
(With company inputs)