Elon Musk will leave the address of Twitter and his position will be assumed by a woman whose identity is not yet known. The change is expected to begin shortly and everything is ready within the company for the replacement.
Musk, commented on the news of his new position in the social network through Twitter and said that he will now be the CTO of Twitter, overseeing products and software.
Excited to announce that I have hired a new CEO for X/Twitter. It will start in ~6 weeks!
My role will transition to CEO and CTO, overseeing products, software, and sysops.
— Elon Musk (@elonmusk) May 11, 2023
In December, Musk conducted a poll on the platform asking users if he should step back as CEO of Twitter, which ended with the majority of users voting yes.
The company’s owner since October 2022 said he would comply with the survey results, but later backtracked, saying he would hand over the position “as soon as I find someone dumb enough to take the job!” In February, he reiterated that he planned to find a replacement by the end of the year.
Should I resign as head of Twitter? I will stick to the results of this survey.
— Elon Musk (@elonmusk) December 18, 2022
The Tesla and SpaceX owner acquired Twitter in mid-2022.
Since Musk is at the head of what he has called “the digital square of the people” Twitter has had an 80 percent reduction in staff, has a minimum plant of 1,500 and the valuation of the company that has plummeted, according to Musk, less than half of the $44 billion he paid when he bought it.
In addition, the company has been trying Twitter Blue which includes the ability to pay for a blue check mark, but seems to have limited traction so far.
Musk recently said Twitter is now “trending to break even,” but the hitherto unknown new CEO will be tasked with turning the tables, working on advertiser returns and getting the firm back part of the $44 billion. of dollars of your purchase.
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