Elon Musk has announced that he will step down as CEO of Twitter’s parent company, X Corp., and has already identified a replacement. While the name of the new CEO has not yet been revealed, Musk referred to the individual as “she” in the announcement. Linda Yaccarino, the current head of advertising at NBCUniversal, is speculated to be the new CEO, as she is reportedly in talks with Musk.
Musk’s tenure as “Chief Twit” has been chaotic and often controversial, leading to criticism from Twitter users over a series of policy changes that lacked clear justification. He has also been trying to convince users of a new paid subscription platform with a blue verification check mark, but the platform has met with little success. The new CEO will have the difficult task of helping Musk recoup some of the $44 billion he spent on the acquisition of the platform, while also attempting to turn around the troubled company and improve its reputation with users and advertisers.
Despite the challenges, Musk has expressed optimism that the platform is “trending to breakeven” after previously stating that it was facing bankruptcy. He will likely retain significant control over the future direction of the company, as he dissolved the board and became the platform’s CEO and sole director after his acquisition in October.
