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Musk to step down as CEO of Twitter; a woman will replace him

  • May 11, 2023
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billionaire Elon Muskowner Twitterannounced on his account this Thursday that for six weeks, an unidentified woman will be operationally running the company as CEO or chief executive. However,

Musk to step down as CEO of Twitter;  a woman will replace him

billionaire Elon Muskowner Twitterannounced on his account this Thursday that for six weeks, an unidentified woman will be operationally running the company as CEO or chief executive.

However, it reserves most of the network’s responsibilities -which he calls X/Twitter-, specifically, “Executive President, Head of Technology, Product Oversight, Software and System Operator.”

Since buying Twitter last October for $44 billion, Musk has assumed operational leadership. also randomly implementing numerous changeswhich has drawn numerous criticisms for trying to take care of the day-to-day management of such a complex network.

In fact, last December he himself launched an online survey among users to ask them if he should step down as director, which was approved by 57% of the participants. Although he said that agree to the decisionAt the time, he didn’t.

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As his only response, he then tweeted: “¡I’ll step down as CEO as soon as I find someone enough crazy to take this position! After that, I’ll just lead the software and server teams.”

The company is heavily undercapitalized having lost nearly four-fifths of its staffmostly disbanded and other times voluntary marches.

Also, the various formulas Musk devised to make the company profitable, such as charging fees for verified accounts, were absurd, and Musk was actually forced to return the “verified” status. to important accounts (for example, the media or “authorities” with legions of subscribers) without paying for it.

Earlier this May, co-founder of Twitter Jack Dorsey He stated that “everything went downhill” during the arrival of the mogul as the leader of Twitter.

Jack Dorsey

Words from Dorsey, who first backed Musk’s purchase of Twitter, appear in his conversation with a user Blue skynetwork he helped build in 2019 while still on the Twitter management team.

The user asked him if he thought that Elon Musk was the most suitable leader for Twitter, to which Dorsey replied: “No. And I don’t think he did the right thing either when he realized it was a bad time (to sell). I also don’t think management should have forced the sale. everything went downDorsey replied.

(According to information from EFE)

Source: Aristegui Noticias

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