Musk announces new Twitter chief takes over in 6 weeks

By Al Mayadeen English
Source: Agencies
12 May 07:11

Elon Musk announces that he has appointed a new Twitter CEO, a decision that will come into effect in six weeks, as he sought to go after another position at the company.

A Twitter logo hangs outside the company's offices in San Francisco, on Dec. 19, 2022. (AP)

Elon Musk, Twitter's CEO, announced that he has found his replacement and will officially step down from his position in six weeks.

Musk made his announcement in a tweet, on Thursday, when he wrote "Excited to announce that I've hired a new CEO for X/Twitter," Musk wrote. "She will be starting in ~6 weeks!"

Moreover, he informed the public that he will be transitioning to a new position: "exec chair & CTO, overseeing product, software & sysops."

However, the new chief remains unidentified in name or experience.

The news does not come as a surprise since Musk had made his intention to appoint a successor as early as last February.

At the World Government Summit in Dubai, Musk said “I’m guessing probably towards the end of this year should be good timing to find someone else to run the company because I think it should be in a stable position around the end of this year."

Twitter grants media outlets the option of commodifying articles

Most recently, on Twitter, Musk announced that the platform will be introducing a new option specifically geared towards media outlets' accounts allowing them to charge users for content on a per-article basis.

"Rolling out next month, this platform will allow media publishers to charge users on a per-article basis with one click. This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article," Musk tweeted.

Rolling out next month, this platform will allow media publishers to charge users on a per article basis with one click.

This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article.…
— Elon Musk (@elonmusk) April 29, 2023

Moreover, Twitter also revealed a similar option for non-media outlet accounts allowing them to monetize their content, which will allow users to make money off of content creation.