Twitter Chief Elon Musk to Pass on Mantle to New CEO, Takes CEO Role

Elon Musk has announced that he has found a new leader for Twitter and will transition into a new role as Chief Technology Officer.

While Musk has yet to name his successor, reports indicate that NBC Universal CEO Linda Iaccarino could replace him as the microblogging platform’s new leader.

• in tweet On May 11, Musk said the company’s new CEO would start in about six weeks.

“Excited to announce that I’m the new CEO of X/Twitter. Starting in ~6 weeks! My role will transition to CEO and CTO, overseeing products, software and computers.”

• Other rumors suggest that Meta’s former COO Sheryl Sandberg could also lead the company.
• Since the controversial $44 billion acquisition of Twitter last year, Musk has made several changes to the platform, including announcing the end of the old verified program and instead offering a new paid version.
• The Twitter purchase was expected to benefit the digital asset industry by integrating crypto and blockchain features into the social media platform. However, not much has happened in the six months since the acquisition.
• Musk’s decision to file for Twitter to become a financial services company has sparked speculation of crypto payments integration. However, these efforts appear to have taken a back seat.
• In April, Twitter briefly changed the iconic bluebird logo to a shiba inu mascot used by Dogecoin (DOGE), which Musk was championing.
• It was also reported that Twitter was also developing a payments platform that could eventually accommodate digital assets.