Elon Musk announced his resignation from the post of CEO of Twitter

On May 11, billionaire Elon Musk announced that he had found a replacement as CEO of Twitter.

The billionaire himself will take the positions of executive chairman and technical director. He did not disclose the reasons why he decided to leave the post of CEO.

According to the WSJ, the head of the NBCUniversal advertising department, Linda Iaccarino, allegedly leads the negotiations on taking office.

In April 2021, Musk became Twitter’s largest shareholder after acquiring a 9.2% stake for $2.89 billion. He later offered to buy the social network for more than $43 billion to create an “inclusive arena for freedom of speech.”

The $44 billion deal was closed in October. The company’s previous CEO Parag Agrawal and its CFO Ned Segal have left the headquarters.

In February 2023, Musk introduced his Shiba Inu dog named Floki as CEO, which caused a sharp increase in Dogecoin (DOGE).

Recall that in April, the place of the logo in the form of a blue bird on the main page of the Twitter account was taken by the symbol of the meme cryptocurrency shiba inu. The asset reacted with an increase of more than 25%, but after the reverse changes it lost in price.