After American business tycoon Elon Musk completed the acquisition of social media Twitter on October 27, 2022, 196 days later, he announced that he had found a new CEO for the company and was the outgoing CEO. As the company’s executive chairman, he oversaw Twitter’s products and software as Chief Technology Officer (CTO), continuing to reshape the social media company.
However, Elon Musk has not publicly revealed who the new CEO is, but he said on Twitter that the new CEO is a woman and will take office in six weeks. According to people familiar with the matter, the woman who will take over as CEO of Twitter this time may be Linda Yaccarino, the advertising director of entertainment and media company NBC Universal. She is also discussed as the new CEO of Twitter. However, the appointment of Linda Yaccarino as CEO of Twitter is still only speculation by the media, and the follow-up still needs to be based on the official news of Twitter.
It is understood that Linda Yaccarino is the chairman of NBCU’s global advertising and partnerships. She has worked at NBCU for over ten years and advocated for better ways to measure advertising effectiveness. As NBCU’s ad sales executive, she was a crucial figure in the launch of Peacock, an ad-supported streaming service.
It is reported that Elon Musk once proposed finding a CEO for Twitter in December 2022. At that time, he publicly conducted a poll on Twitter, asking whether he should resign as CEO of Twitter. Do it according to the results.” The poll collected more than 17 million replies, and in the final result, 57.5% voted for him to step down as Twitter CEO, and 42.5% voted against him. About 38 hours after the vote closed, Elon Musk tweeted, “Once I find someone stupid enough to take over the job, I will step down as CEO! After that, I will be in charge of the software and server teams. “
After Elon Musk acquired Twitter in October last year, the new official fired several executives and replaced the then-CEO the day after he took office. At the same time, Elon Musk is also the CEO of Tesla. Investors worry that he is too focused on changing Twitter and ignoring Tesla. Now that the news of the abdication has come out, Tesla’s stock price has risen rapidly by 2.4%.
Elon Musk, who bought Twitter for $44 billion last October, said he would only serve as CEO for a short period to complete the organizational changes he wanted. Elon Musk has previously complained about “too much work” and often slept in Twitter’s headquarters office while implementing sweeping changes.
Daniel Ives, managing director of Wedbush and senior stock analyst, said in an email to the “Daily Economic News” reporter that Elon Musk’s resignation as CEO of Twitter is a positive development for Tesla and SpaceX because Musk currently needs to invest more time and energy in the latter two.
