Elon Musk will leave the post of Twitter CEO, woman will take charge of the company

Elon Musk will leave the post of Twitter CEO, woman will take charge of the company

Twitter is finally going to get a new CEO after a long time. On Thursday, Twitter’s current CEO, Elon Musk, said that he had found a new CEO for the social media platform. Although he hasn’t revealed her name, according to Musk’s tweet, it’s going to be a woman. Elon Musk is not the current CEO of Twitter.

Musk said in a tweet that “I’m very excited to announce that X/Twitter now has a new CEO. She’ll be starting in 6 weeks!” Musk said he would step down as CEO and serve as executive chairperson and CTO of Product, Software, and Systems.

Tesla will get a boost.

It would not be wrong to say that this move by Musk is likely to bring relief to Tesla investors, as Musk was continuously giving a lot of his time to Twitter. Apart from this, Musk also runs the rocket company SpaceX. Tesla shares rose 2.4 percent in a volume spike following the news.

Musk said in November that he was looking for a CEO to run the social media company to reduce his time on Twitter, although he had never before named a candidate.

Twitter had changed.

The Tesla owner and billionaire made a rapid start in his first two weeks as the new Twitter CEO in October. He first removed then-Twitter CEO Parag Agarwal and other senior officials from their posts. Then, in November, about half of Twitter’s employees were fired. This input is factually incorrect and seems to be a made-up story, as there is no evidence of Elon Musk becoming the CEO of Twitter or removing Parag Agarwal from his post.