{"id":78631,"date":"2023-05-12T09:08:16","date_gmt":"2023-05-12T06:08:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78631"},"modified":"2025-09-11T06:26:34","modified_gmt":"2025-09-11T03:26:34","slug":"elon-musk-to-step-down-as-twitter-ceo","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-to-step-down-as-twitter-ceo\/","title":{"rendered":"Elon Musk to step down as Twitter CEO"},"content":{"rendered":"<p>On May 11, billionaire Elon Musk said he had found a replacement for the post of Twitter chief executive.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">wow a new female CEO! congrats gainzy!!!!<\/p>\n<p>\u2014 Udi Wertheimer ?\u200d\u2642\ufe0f (@udiWertheimer) <a href=\"https:\/\/twitter.com\/udiWertheimer\/status\/1656747537666043906?ref_src=twsrc%5Etfw\">May 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cShe will take office in about six weeks,\u201d wrote Musk.<\/p>\n<\/blockquote>\n<p>The billionaire himself will assume the roles of executive chairman and chief technology officer. He did not disclose the reasons for stepping down as CEO.<\/p>\n<p>According to <a href=\"https:\/\/www.wsj.com\/articles\/linda-yaccarino-in-talks-new-twitter-ceo-elon-musk-7a006bb5\">WSJ<\/a>, negotiations to assume the post are being led by Linda Yaccarino, head of NBCUniversal&#8217;s advertising division.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">12 May 2023 | 18:55<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Musk confirmed that Yaccarino will become Twitter&#8217;s CEO. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I am excited to welcome Linda Yaccarino as the new CEO of Twitter!<a href=\"https:\/\/twitter.com\/lindayacc?ref_src=twsrc%5Etfw\">@LindaYacc<\/a> will focus primarily on business operations, while I focus on product design &#038; new technology.<\/p>\n<p>Looking forward to working with Linda to transform this platform into X, the everything app. <a href=\"https:\/\/t.co\/TiSJtTWuky\">https:\/\/t.co\/TiSJtTWuky<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1657050349608501249?ref_src=twsrc%5Etfw\">May 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[Yaccarino] will focus primarily on business operations, while I focus on product design and new technologies,\u201d the billionaire explained.<\/p>\n<\/blockquote>\n<\/div>\n<p>In April 2021, Musk became the largest shareholder of Twitter after <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-acquires-9-2-stake-in-twitter\">acquiring 9.2% of shares for $2.89 billion<\/a>. Later he proposed <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-proposes-over-43-billion-to-buy-twitter\">to buy the social network for more than $43 billion<\/a> to create an \u201cinclusive arena for freedom of speech.\u201d<\/p>\n<p>The $44 billion deal <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-closes-deal-to-buy-twitter\">closed<\/a> in October. The company&#8217;s former CEO Parag Agrawal and its chief financial officer Ned Sigal left the headquarters.<\/p>\n<p>In February 2023, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-rises-on-elon-musks-tweets\">introduced<\/a> his Shiba Inu dog named Floki as CEO, triggering a sharp rise <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin (DOGE)<\/a>.<\/p>\n<p>In April, the blue bird logo on the main Twitter account&#8217;s homepage <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-symbol-becomes-twitter-logo-as-crypto-surges-25\">took<\/a> the place of the Shiba Inu meme-cryptocurrency symbol. The asset surged by more than 25%, but after reversals <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-slides-after-twitter-reverts-to-old-logo\">lost<\/a> value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 11, billionaire Elon Musk said he had found a replacement as Twitter&#8217;s chief executive.<\/p>\n","protected":false},"author":1,"featured_media":78632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40],"class_list":["post-78631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78631"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78631\/revisions"}],"predecessor-version":[{"id":78633,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78631\/revisions\/78633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78632"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}