Elon Musk Hires New Twitter CEO. But Who is She?

Published: May 11, 2023

Last Updated: May 12, 2023, 02:22 IST

Tesla CEO Elon Musk has been forced to make huge cost cuts in Twitter to find more sources of revenue. Now he has hired a new CEO.  (Image: Reuters)

Tesla CEO Elon Musk has been pressured to make large value cuts in Twitter to search out extra sources of income. Now he has employed a brand new CEO. (Image: Reuters)

The new chief govt for Twitter might be beginning in about 6 weeks

Twitter CEO Elon Musk stated on Thursday that he has discovered a brand new chief govt for the social media platform and its newly named X Corporation dad or mum.

Musk, who introduced the news on Twitter, stated his function will shift within the firm to focus extra on the product, software program, and sysops.

“Excited to announce that I’ve employed a brand new CEO for X/Twitter. She might be beginning in ~6 weeks! My function will transition to being exec chair & CTO, overseeing product, software program & sysops,” he tweeted.

Musk, however, did not name the candidate. But said that “she will be starting in about 6 weeks.”

The transfer is more likely to allay Tesla buyers’ considerations, who’ve been more and more frightened concerning the time that Musk is devoting to turning round Twitter.

Tesla Inc shares jumped 2.4% in quantity spike on the news, in response to Reuters news company.

Last October, Elon Musk acquired the social community for a whopping $44 billion. This buy got here after his preliminary supply to purchase the corporate in April 2022.

Following the completion of the acquisition, Musk assumed the function of CEO and promptly changed Twitter’s former CEO, Parag Agrawal, in addition to different high executives.

In November, he made the choice to downsize the corporate by letting go of half of its workforce.

(With company inputs)

Source web site: www.news18.com