Elon Musk hired a new CEO at Twitter to replace him :- Announcement

Elon Musk reveals his decision to appoint a new CEO who will take over his position at Twitter.

Exciting developments for Twitter 2.0 as Elon Musk, the owner of Twitter, unveils that a new CEO will assume his role in the app in just six weeks.

Take note of Elon’s ambitious yet enigmatic project, referred to as ‘X,’ which he envisions transforming Twitter into at a later stage.

Numerous voices have advocated for Musk to step down and allow someone else to assume leadership at the app.

A poll conducted by Musk in December, which received 17.5 million responses, indicated that Twitter users preferred a different individual at the helm.

The swift and impulsive actions taken by Musk at the app, such as the termination of approximately 80% of its workforce, have raised concerns about potential future issues.

There are worries that the platform’s systems may remain unchecked and deteriorate under mounting pressure.

Although Musk and his team have managed to avoid significant catastrophes so far, it is difficult to determine whether it is due to luck, frantic efforts behind the scenes, or improved staff management that has maintained a sense of stability.

Simultaneously, Musk has introduced his contentious $8 verification strategy, which has resulted in numerous issues for the app.

Additionally, advertising revenue has plummeted by 50% as several brands reassess their investment in Twitter due to policy alterations regarding freedom of speech.

The appointment of a new CEO could potentially address these challenges.

However, it is expected that Elon himself would have carefully chosen the successor to ensure the execution of his broader vision, which will likely involve maintaining the current trajectory in these crucial areas.

Musk’s announcement appears to be primarily aimed at alleviating concerns of Tesla shareholders who feel that he is dedicating excessive attention to Twitter matters.

In fact, Tesla’s shares experienced a surge following Musk’s tweet.

Assuming the role of Twitter CEO is a significant responsibility, and rebuilding trust with advertisers will be a challenging task.

Additionally, Musk is expected to maintain a high level of involvement in the app’s activities, which could place considerable pressure on the new CEO to deliver results swiftly.