Elon Musk to step down as Twitter CEO, woman chosen: Linda Yacarino to be Twitter’s new CEO, Musk to be executive chairman and CTO

Social media platform Twitter has got a new CEO. Company owner Elon Musk gave information about this by tweeting on Friday (May 12). He wrote ‘I’m excited to welcome Linda Yacarino as the new CEO of Twitter! Linda will primarily focus on business operations, while I will focus on product design and new technology.

Earlier, Elon Musk told late Thursday night that he has chosen a woman as the new CEO of the company. She will join the company in the next 6 weeks. Musk will be Twitter’s executive chairman and chief technology officer. He was looking for a new CEO for Twitter for a long time. Yacarino had previously interviewed Musk at an advertising conference in Miami last month. In the conference, Yacarino praised Musk’s work ethic.

Fortune, Forbes named Linda one of the Most Influential Women in… Get to know her
Linda, 59, is the Chairman of Global Advertising and Partnerships at NBC Universal Media LLC. After joining NBC Universal Media in 2011, he created One Platform for the company. One platform changed the premium video ecosystem. The platform helps advertisers reach audiences across screens and formats.

Linda is also known for commercial partnership with brands like Apple, Google. At the same time, publications like Fortune, Forbes have chosen her as an influential and powerful woman. Talking about Linda’s education, she has a degree in Liberal Arts from Penn State University. Linda is married to Claude Peter Madrazo. Both are of Italian descent and live in New York.

Dog Floki was made the new CEO of Twitter
Alan Musk said on February 15 this year that he hoped to find a new CEO for Twitter by the end of this year. Meanwhile, Musk shared photos of his dog Floki on Twitter and jokingly called him the new CEO of Twitter.

Musk shared the photos of Floki and wrote, ‘Twitter’s new CEO is amazing. It’s much better than the others. It is also good with numbers and also very stylish.

Musk’s 4 big decisions after buying Twitter…

1. CEO Parag Agarwal was fired
Alan Musk bought Twitter on October 27, 2022 for $44 billion. After this, Musk had fired four top officials of the company. These include CEO Parag Agarwal, finance chief Ned Segal, legal executives Vijaya Gadde and Sean Edgett. This was followed by Chief Marketing Officer Leslie Berland, Chief Customer Officer Sarah Persnet and Vice President of Global Client Solutions Jean-Philippe Maheu.

2. Removed more than 50% of employees
Alan Musk has fired more than 50% of Twitter’s 7,500 employees. He then emailed the remaining employees with an ultimatum to stay with the company. In an email to employees, Musk wrote, “Employees will need to work very hard to build a successful Twitter 2.0.” At the same time, long hours of work and high efficiency will have to be shown for success.

It was said in the email that all the employees who want to remain a part of the company should click on ‘yes’ on the link given in the email. Anyone who did not do so would get three months’ notice of eviction. Whatever you decide, thank you for your efforts to make Twitter a success. After this email, many employees had resigned.

3. Trump was brought back on Twitter
In November 2022, Musk restored the Twitter account of former US President Donald Trump. He did a poll on Twitter about Trump’s return. He had asked whether President Trump’s account should be restored. Yes or no More than 15 million users took part in the voting and 52% answered yes.

4. Blue Subscription Service
Elon Musk has launched Blue Subscription Service worldwide. The Blue subscription service costs Rs 900 per month for Android and iOS mobile users in India. Web users can avail Blue subscription service for Rs 650 a month. This was announced by Elon Musk on Tuesday night, five days after buying Twitter on October 27.

Source- https://bit.ly/3W60579

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