Twitter chief executive Elon Musk made a statement on February 14 that it would be good to find a new CEO for Twitter by the end of the year.
On who will be hired as the new CEO, Musk said, “I don’t know, I’m guessing probably towards the end of this year would be good timing to find someone else to run the company, because I think it should be in a stable position around, you know, at the end of this year,” he said.In December last year, Musk had said that he would resign as its chief executive “as soon as I find someone foolish enough to take the job!”, but he would “just run the software and servers teams”.
acquired Twitter in October for $44 billion. Advertising spending for Twitter dropped by 71% in December as advertisers stopped spending on the platform after Musk took over.According to a Forbes report Musk described Twitter’s current state as “somewhat a startup in reverse” adding that a lot of work was needed to get the company stable. He said that his end goal was to ensure that Twitter allows speech with the “least amount of censorship allowed by law… [which] varies a lot by jurisdiction.
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