Billionaire Elon Musk, owner of Twitter, announced today on his account that within six weeks a woman -whom she does not give her identity- will operationally direct the company as CEO or executive director.
However, he reserves a good part of the responsibilities of the network –which he names as X/Twitter-, specifically “the executive presidency, the head of technology, the supervision of products, the software and systems operator”.
Excited to announce that I’ve hired 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.
— Elon Musk (@elonmusk) May 11, 2023
From the moment the purchase of Twitter was made effective last October for 44,000 million dollars (about 40,300 million euros), Musk took over as operational directoralso implementing numerous changes erraticallywhich earned it numerous criticisms for trying to take care of the daily management of such a complex network.
In fact, he himself launched an online survey among users last December to ask them if I should resign from the leadershipwhat it was approved by 57% of participants. Although he said that he would abide by the decision, he did not at the time.
As the only response, he then tweeted: “I’ll step down as CEO as soon as I find someone crazy enough like to assume that position! After that, I’ll just run the software and server teams.”
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The company It has been severely undercapitalized by losing almost four fifths of its staffmostly dismissed and in other cases by voluntary marches.
In addition, the different formulas devised by Musk to make the company profitable -such as charging for verified accounts- have turned out to be a fiasco, and Musk has actually been forced to return the status of “verified” to important accounts (for example, from the media or “influencers” with legions of followers) without having paid for it.