WASHINGTON, May 12 — Elon Musk announced on Thursday (May 11) that Twitter would have a new CEO in about six weeks, as he moves to an executive chairman role.
In his Tweet making the announcement, Musk declined to name the new CEO, but said ‘she will be starting in six weeks,’ reported United Press International (UPI).
Musk’s tweet also said that, in his new role, he will oversee ‘product, software and sysops.’
In March, an internal memo from Musk was revealed, showing Twitter’s valuation had been cut in half from the estimated US$44 billion (RM197 billion) purchase price six months earlier.
Much of that decline has been attributed to Musk’s leadership at the social-media company and recent decisions by Musk that have affected users’ trust.
Musk has controversially labelled some news organisations, including NPR, as state-affiliated. And the British Broadcasting Corporation also raised objections to being labelled as government-funded media, a label Musk also gave to The Canadian Broadcasting Corporation earlier this year.
Also last month, New York City’s Metropolitan Transit Authority, which serves billions of users a year, said that it would no longer use Twitter to broadcast transit updates, calling it unreliable.
— Bernama
