{"id":22942,"date":"2023-05-12T11:04:16","date_gmt":"2023-05-12T11:04:16","guid":{"rendered":"http:\/\/107239994"},"modified":"2023-05-12T11:04:16","modified_gmt":"2023-05-12T11:04:16","slug":"elon-musk-says-hes-stepping-down-as-twitter-ceo-will-oversee-product","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/elon-musk-says-hes-stepping-down-as-twitter-ceo-will-oversee-product\/","title":{"rendered":"Elon Musk says he&#8217;s stepping down as Twitter CEO, will oversee product"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2023\/05\/elon-musk-says-hes-stepping-down-as-twitter-ceo-will-oversee-product.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107148377\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.&nbsp;<\/p>\n<p>STR | Nurphoto | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Elon Musk said Thursday that Twitter is getting a new CEO and that he will move to a product and technical role.<\/p>\n<p>Musk said <span class=\"waslinkname\">via Twitter<\/span> that the new CEO, an unnamed woman, would start in about six weeks.<\/p>\n<p>He added that he would transition &#8220;to being exec chair &amp; CTO, overseeing product, software &amp; sysops.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\"><span class=\"waslinkname\">Tesla<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> shares jumped more than 2%, in a sign that investors were pleased about the move.<\/p>\n<p>Several Tesla investors were <span class=\"waslinkname\">concerned<\/span> that Musk was too distracted by running Twitter and that he should redirect his time to steering the electric vehicle company, where he is also CEO. In April, a host of progressive Tesla shareholders <span class=\"waslinkname\">publicly<\/span> urged Tesla&#8217;s board to ensure that Musk would dedicate more time to the automobile company.<\/p>\n<p>Musk, who is also CEO of the reusable rocket maker SpaceX, completed the $44 billion acquisition of Twitter in October and made his mark there immediately. He fired the company&#8217;s top executives and laid off hundreds of employees.<\/p>\n<p>Under his leadership, Twitter&#8217;s core advertising business has <span class=\"waslinkname\">suffered<\/span>. Multiple companies halted their paid promotional campaigns as the social messaging service saw an increase in offensive speech and hateful rhetoric, several advocacy groups have documented.<\/p>\n<p>Musk has tried to make up for the shortfall with a new subscription service, Twitter Blue, which offers features such as the ability to compose longer tweets. In April, the company <span class=\"waslinkname\">removed<\/span> so-called &#8220;legacy&#8221; blue checkmarks from non-paying users whose identities had been verified, opening the door to potential impostors. Government accounts and some corporate accounts will still maintain verification through a separate set of icons, in silver and gold, respectively.<\/p>\n<p>He has also allowed previously banned users back on the platform and courted political controversy with statements such as saying that the&nbsp;<span class=\"waslinkname\">media is racist<\/span>&nbsp;against white and Asian people.<\/p>\n<p>Twitter has also weathered several technical errors and <span class=\"waslinkname\">outages<\/span> during Musk&#8217;s tenure as CEO, some of which coincided with massive layoffs, which he pitched as necessary for the financial health of the company.<\/p>\n<p>Earlier this week, right-wing TV talk show host Tucker Carlson <span class=\"waslinkname\">announced<\/span> he would be hosting a new show on the platform after being fired by his previous employer, Fox News.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.&nbsp; STR | Nurphoto | Getty Images Elon Musk said Thursday that Twitter is getting a new CEO and that he will move to a product and technical role. Musk said &hellip;<\/p>\n","protected":false},"author":1,"featured_media":22943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/22942"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=22942"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/22942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/22943"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=22942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=22942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=22942"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=22942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}