In recent news, Elon Musk announced on Thursday that X Corp., which is now known as Twitter, has appointed a new CEO. Although the name of the new CEO was not provided, it has been confirmed that she will begin her new role in approximately six weeks. Musk has previously stated that he is not the long-term CEO of the company since he purchased Twitter last autumn and has been operating it since. He tweeted on Thursday that he will now serve as Twitter’s executive chairman and chief technical officer.
This announcement comes after more than six months of Musk making it clear that he intends to appoint a new CEO for Twitter, which is located in San Francisco. Just a few weeks after purchasing the social networking platform for $44 billion in the middle of November, he declared in front of a Delaware court that he did not want to lead any corporation.
During his testimony, Musk stated that “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.” He tweeted in December, more than a month later, saying, “I will resign as CEO as soon as I find someone foolish enough to take the job.” In a move that may have been seen as a way to expedite his resignation, the billionaire himself sponsored a Twitter poll, which he vowed to follow, in which millions of followers begged him to resign.
It is important to note that Twitter has not yet made an official statement about the appointment of its new CEO, but it is expected that more information will be shared in the coming weeks.
In conclusion, after months of speculation, Elon Musk has stepped down as the CEO of Twitter, with the company appointing a new CEO to lead the social networking platform. As this story develops, we will continue to provide updates and insights.
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