Elon Musk, the CEO of Twitter and a outstanding advocate for Dogecoin, has introduced the appointment of a brand new chief govt for the struggling social media platform
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Elon Musk, the CEO of Twitter and outstanding advocate for the meme cryptocurrency Dogecoin, announced on Thursday that he has discovered a brand new chief govt for the struggling social media platform.
Musk revealed that the brand new CEO, whose identification is but to be disclosed, will assume his or her function in roughly six weeks.
As a part of this transition, the controversial entrepreneur himself will tackle the positions of govt chair and chief know-how officer at Twitter.
This transfer comes as no shock since Musk had beforehand expressed his intention to cut back his involvement within the social media firm and discover a appropriate alternative to guide the corporate.
Musk took over as CEO of the social media large in October 2022 after his acquisition of Twitter for a whopping $44 billion.
Upon the announcement, the value of Dogecoin skilled a brief dip, initially dropping 1.57%. Nevertheless, the meme coin has since managed to get better a number of the losses, though it stays down 3.79% for the day. It’s at present buying and selling at $0.070296 on the Binance change.
Then again, Tesla’s inventory worth responded positively to the information, recording a rise of two.22% and buying and selling at $172.29.