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Elon Musk announces his retirement as Twitter boss

Elon Musk announces his retirement as Twitter boss
Musk initially did not name his successor.
Image: OLIVIER DOULIERY (AFP)

The entrepreneur did not initially name a name. As CTO, he wants to take care of more specific business areas such as products and software in the future.

According to a newspaper report, the new woman at the helm of the company could be called Linda Yaccarino. She is currently responsible for the global advertising business of the US media giant NBCUniversal and, according to the “Wall Street Journal”, is in talks to take over the Twitter post, as it was said, citing insiders.

Musk had already announced at the end of 2022 that he wanted to give up the top office – but only once the successor had been arranged. He had taken over the top post as part of his approximately $ 44 billion (40.18 billion euros) purchase of the Internet platform in October. Musk had always signaled that this was not a permanent solution. He also heads the electric car maker Tesla and the rocket company SpaceX.

Musk’s six months as “Head of Twitter” have been characterized by chaos and controversy. After a series of highly controversial decisions, headwinds mounted. His resignation announcement in December followed a self-initiated Twitter poll in which around 57.5 percent of the participants supported his resignation. Musk had previously assured that he would stick to the result of the vote.

Many explosive decisions

Musk’s Twitter purchase raised suspicions from the start. The multi-billionaire justified the takeover as an action to strengthen freedom of speech. However, critics feared a further brutalization of the Internet platform. They worried that the change in ownership could lead to more rampant hate speech, hate speech and disinformation.

Musk has so far failed to address these concerns. On the contrary: With a wave of layoffs, erratic rule changes and other explosive decisions, he shook the online network and frightened advertisers – the most important source of income.

Source: Nachrichten

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