Announcing a new leadership change for Twitter, Elon Musk will now take on the role of chief technologist and has appointed a new CEO who is expected to begin in approximately six weeks. While no official successor has been named, rumors suggest that Linda Yaccarino, an NBC Universal executive, may replace Musk. Sheryl Sandberg, former Meta COO, is also speculated to lead the firm.
- Musk has implemented various changes to the platform since Twitter’s purchase for $44 billion, including ending the old verified program and launching a new paid version. However, there has been little movement towards integrating crypto or blockchain into the platform since the takeover.
- Twitter briefly changed its logo to the Shiba Inu mascot used by Dogecoin (DOGE), which Musk openly supports. The company was also reportedly developing a payments platform that could eventually accommodate digital assets.
“Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops.”
- In a tweet posted on May 11th, Musk confirmed that the new CEO will be starting soon.