Elon Musk has announced he will soon be stepping down as CEO of Twitter.
He announced the news on Twitter, sharing, “Exciting to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” He further noted, “My role will transition to being exec chair & CTO, overseeing product, software & sysops.”
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!— Elon Musk (@elonmusk) May 11, 2023
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
Musk did not name the new Twitter CEO in his announcement. However, his use of the “she” pronoun indicates he’s hired a woman. USA Today notes that while he’s stepping down as CEO, Musk’s role as executive chairman and chief technology officer. This means he “will still call the shots.”
Musk’s time as Twitter CEO has been rocky and controversial. The billionaire businessman purchased the social media platform in April 2022 for nearly $44 billion. Since then, he and the platform have been fodder for news outlets worldwide. Headlines related to Musk and Twitter ranged from mass layoffs to chaotic work environments. They also included the bungled rollout of Twitter Blue. The latter controversy resulted in multiple impersonator accounts of notable public figures and companies. Those accounts were later suspended as explored in the article below.
The most recent controversy at Twitter stemmed from only being able to get a verified checkmark on an account if a user subscribed to Twitter Blue for $8/month. Previously verified accounts have since lost their verified checkmark if they didn’t pay.