Elon Musk has officially let go of the reins of Twitter, or rather X Corp. He announced that he has recruited a new CEO who will start in a few weeks. He will still oversee the operation of the platform as executive director.
A few months after his turbulent arrival at the head of Twitter, Elon Musk finally announces his departure. At the end of December 2022, he assured that he would leave the position of CEO as soon as he found ” someone dumb enough to take the job “. This person has therefore been found, but his identity still remains mysterious. We only know thata woman will take the post of CEO of Twitter in the future.
Of course, Elon Musk remains the owner of Twitter and more precisely of X Corp. Remember that he ended the existence of Twitter as an independent company in April. Now, the legal entity behind Twitter is no longer called Twitter, Inc. but X Corp. The new recruit will therefore rather become the CEO of X Corp.
Elon Musk will become the executive chairman and chief technical officer of Twitter
« I am delighted to announce that I have hired a new CEO for X/Twitter. She will start in about 6 weeks! “, tweets Elon Musk. He did not reveal his identity, but he gave more details about his own role in the future. He will become the executive chairman and chief technical officer of Twitter« overseeing products, software and system operations ».
Elon Musk’s departure as CEO likely prevented the drastic drop in Tesla stock that analysts expected. In effect, Tesla’s stock has risen since Elon Musk’s announcement. It is up 2.10% today. Elon Musk remains the owner of Twitter, so the situation is unlikely to change overnight.
Moreover, Elon Musk who announced the purge of inactive Twitter accounts had done a survey on the platform in December. He had asked the community if he should step down as CEO. Of the more than 17 million internet users who took part in the survey, 57% of them were in favor of his departure. The American billionaire then promised to leave as soon as he found someone. This person is now making a lot of noise, but Elon Musk probably won’t reveal his identity for a few weeks.
