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Elon Musk announces he will step down as Twitter CEO

Published 05/11/2023, 05:02 PM
Updated 05/11/2023, 06:40 PM

Twitter CEO Elon Musk has announced that he will be transitioning to executive chair and chief technology officer of the social media platform in roughly six weeks.

In a May 11 tweet, Musk said he hired a new CEO for X Corp. — Twitter’s parent company — who will likely replace him starting in late June or early July. The unnamed woman will follow Musk, who took over the social media platform in October 2022 after completing a $44 billion acquisition.

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