He said last month that Twitter was “roughly breaking even. He also said he would “defeat” spam bots on the platform, a key area of his tussle with Twitter’s board over his back and forth on the buyout of the company. Musk, a self-proclaimed “free speech absolutist,” has said he took over Twitter to prevent the platform from becoming an echo chamber for hate and division. He quickly fired Twitter’s previous CEO, Parag Agrawal, and other senior leaders, and then laid off half its staff in November. The billionaire’s first two weeks as Twitter’s owner in October were marked by rapid change. In a Twitter poll started by Musk in December, 57.5% users voted for him to step down as CEO of the social media platform. Musk has long said he intended to find a new leader for Twitter. Now he can get back to spending more time creating value at Tesla,” said Craig Irwin, analyst at Roth MKM. “The boat anchor called Twitter is loosened from Musk’s ankle. The shares rose a further 1.6% in after-hours trade. The 44 billion deal has been put on hold pending details on fake accounts. Musk’s post about a new Twitter CEO came about 15 minutes before the close of Wall Street on Thursday, and Tesla shares closed 2% higher. Linas Belinas 11mo BREAKING: Elon Musk might not acquire Twitter after all. Parag asked me to leave after letting me know that he wants to take the team in a different direction. Twitter legacy users give Musk the cold shoulder as less than 5% accounts sign-up for paid blue tick The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision. Musk, who has come under fire from investors in his Tesla electric car company as being distracted by his attention to Twitter, said he will transition to the role of Twitter’s executive chair, along with the role of CTO, overseeing product, software and system operations. Musk has previously not named any prospective candidates.Speculation was rife on Thursday among tech and media insiders and on Blind, an anonymous messaging app for tech employees.Former Yahoo CEO Marissa Mayer, former YouTube CEO Susan Wojcicki and a top executive at Musk’s brain-chip startup Neuralink, Shivon Zilis, were among names that were being discussed. Yaccarino’s exit would be another big blow to the company after Comcast said last month that NBCUniversal CEO Jeff Shell was leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation. When asked for comment, an NBCUniversal spokesperson said, “Linda is in back-to-back rehearsals for the Upfront,” referring to a presentation NBCUniversal will host for advertisers in New York on Monday. Yaccarino did not respond to calls seeking comment on Thursday. Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valleys highest-profile and politically volatile jobs. WhatsApp users, Elon Musk says you can’t trust app know reason whyĪs broadcast television audiences migrated to streaming, she took to the stage at Radio City Music Hall last year to tell advertisers that their brand messages were not an afterthought. Business Twitter CEO Breaks Silence on Exodus of Execs, Hiring Freeze and Musk Bid: 'We Need to Be Prepared for All Scenarios' Parag Agrawal took to the social media platform to clear the.
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