Elon Musk to be Twitter CEO

Musk previously changed his Twitter bio to Chief Twit in connection with the proposed move. Twitter on Monday declined to comment on how long Musk will remain CEO or whether he might appoint someone else. In a separate filing on Monday, Musk announced that he became the sole director of Twitter as a result of the acquisition.

Highlights

  • Tesla Inc. chief Elon Musk said in a court filing on Monday that he will take over as CEO of Twitter, the social media company he recently bought for $44 billion.
  • Musk, who also runs rocket company SpaceX, brain chip startup Neuralink and tunnelling company Boring Company, fired former Twitter chief Parag Agrawal and other top company officials last week.
  • Some employees interviewed by Reuters said they had received little contact from Mr Musk or other executives and used news reports to find out what was happening at the company.

Follow Us

Twitter

Tesla Inc. chief Elon Musk said in a court filing on Monday that he will take over as CEO of Twitter, the social media company he recently bought for $44 billion. Wall Street analysts say the move could weaken the billionaire.




Musk, who also runs rocket company SpaceX, brain chip startup Neuralink and tunnelling company Boring Company, fired former Twitter chief Parag Agrawal and other top company officials last week. Since Musk took over Twitter in April, Tesla's shares have lost a third of their value, compared with 12 percent for the benchmark S&P 500 over the same period.

Musk previously changed his Twitter bio to "Chief Twit" in connection with the proposed move. Twitter on Monday declined to comment on how long Musk will remain CEO or whether he might appoint someone else. In a separate filing on Monday, Musk announced that he became the sole director of Twitter as a result of the acquisition.

Shortly thereafter, Musk tweeted that the move to dissolve the board was "only temporary," without giving details. Last week, Musk's $44 billion acquisition of his social media company thus ended a story that spanned several months. Since the acquisition, Musk has quickly stepped onto Twitter, which he had mocked for months for its slow product changes and removal of spam accounts.

According to two of his sources familiar with the matter, Reuters said that his team had started meetings with some employees to study Twitter's software and his code to see how different aspects of the platform work. Some employees interviewed by Reuters said they had received little contact from Mr Musk or other executives and used news reports to find out what was happening at the company.

Recent Comments

pratulk09 :

off topic - tariff increase talks are about to begin again from early next year, but I don't think tariff…

What Does 700 MHz Band Mean for BSNL?

jaganathsamal :

Currently in orissa now, getting 80Mbps+ both during day and night over Vi 4G

Vodafone Idea offers Deepawali Rewards: Full Details Here

TheAndroidFreak :

Speeds are capped everywhere. 10Mhz band 28 can give 100Mbps easily just like band 8/5.

What Does 700 MHz Band Mean for BSNL?

TheAndroidFreak :

They have 10Mhz of band 1 as well and 20Mhz of band 41 as well and 5Mhz of 900Mhz as…

What Does 700 MHz Band Mean for BSNL?

Faraz :

In my society there is a BSNL tower within half Kilometres, so in appartment I might get 4G. Here Jio/Airtel…

What Does 700 MHz Band Mean for BSNL?

Load More
Subscribe
Notify of
1 Comment
newest
oldest most voted
Inline Feedbacks
View all comments