[NEWS] Elon Musk selects successor CEO of Twitter

Elon Musk, who acquired Twitter last year, announced on the 11th that he has selected a new CEO for Twitter's operating company, X.

Musk did not reveal details such as the name of the new CEO, but said, "She will start working within about six weeks." This suggests that the new CEO will be a woman.

Musk himself will be executive chair and chief technology officer. He will continue to oversee Twitter's products and software.

Last December, Musk conducted a survey on whether he should continue as CEO of Twitter. As a result, 58% answered that he should give up the top position.

Based on the results of the survey, Musk stated, "As soon as I find someone stupid enough to take this job, I will step down."

One of the reasons why Musk embarked on this move is the slump in Tesla's stock price. In addition, since he also serves as CEO of SpaceX, existing shareholders were increasingly concerned about the burden.

On the same day, The Wall Street Journal reported that Linda Yaccarino is expected to become the new CEO of X.

She is head of global advertising and partnerships at advertising company NBCUniversal.

NBCUniversal's official website introduces Yaccarino as follows: "Behind every show, every screen, there is an entire economic and technological infrastructure. No one has played a greater role in shaping it than Yaccarino." In recent years, she has been spearheading projects to generate new cash flow through e-commerce.

Musk and Yaccarino gave keynote speeches at a conference in Miami in April this year. After that, Twitter and NBCUniversal announced that they had signed a large-scale advertising agreement for the 2024 Paris Olympics.

Musk has set out a plan to turn Twitter into a "super app," and is considering supporting cryptocurrency payments in the future.

Last month, Twitter temporarily changed its iconic blue bird icon to the Shiba Inu dog of Dogecoin (DOGE), which became a hot topic.

References:Musk's Twitter, The Wall Street Journal
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