Elon Musk announces appointment of new Twitter CEO

May 12, 2023
Yesterday, Elon Musk announced in his blog that he was leaving the post of CEO of Twitter. The reason for leaving may be the result of voting by users of the social network, most of whom voted for the change of the CEO of the company.
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The new CEO will start working in about 6 weeks, while the name of the new head of Twitter is still unknown. Experts suggest that former NBC Universal executive director Linda Iaccarino may take the post. Elon Musk will hold the position of chairman of the Board of Directors and technical director of the company.

The American entrepreneur acquired Twitter in October 2022 for $44 billion. After the deal, Musk’s actions were repeatedly subjected to mass criticism due to controversial decisions, including the mass dismissal of specialists and the introduction of payment for the “blue tick” of user account verification.

In recent years, Twitter has become a platform for public crypto discussions and revelations in the field of digital assets, despite the fact that the social network itself is not a crypto company. There is a possibility that in the future Twitter will be even more actively involved in the cryptocurrency industry.

Recall that earlier in April, the social network briefly changed the logo to the mascot of the DOGE token and thereby caused an increase in the value of the meme coin. In addition, based on a recent statement by the Financial Times, Twitter is creating its own payment platform with support for cryptocurrencies.