The new Twitter CEO once joked publicly that families don't gather around a newsfeed like they do around a big screen for Super Bowls and primetime shows. As a long-time executive overseeing ad sales at global television giant NBCUniversal, she spent years fighting social media companies for the billions of dollars that advertisers divide up every year between old and new media. This partnership marks Twitter’s first real business deal since Musk became CEO.Linda Yaccarino is going to have to change her tune. Specifically, a new feature will be implemented on Twitter that will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro. Through his involvement in Twitter as majority shareholder and CEO, he has sought to bring the social network of tweets more and more into the world of finance.Īnd indeed, it was recently announced that Twitter will be working with eToro, the social trading company, to allow users to trade stocks and crypto. Will the social network of tweets become a financial network?Įlon Musk was one of the co-founders of PayPal, the digital payments giant. Not only that, but this image replacement was later supported by Musk by posting a meme on his Twitter profile, once again highlighting Dogecoin’s little dog Shiba.Īs a result, DOGE experienced a 25% price increase in just 24 hours, reaching $0.1. In fact, at the beginning of April, Musk stressed his love for DOGE to the point of inserting the logo of the crypto-memecoin par excellence in place of the “little blue bird”, Twitter’s iconic symbol. In these early months of 2023, while Elon Musk was CEO of Twitter, the $cashtag for bitcoin was extended to 30 other tokens.Īmong the many, the price index for Dogecoin ($DOGE), which Musk has always emphasised, could not be missing. Elon Musk as CEO of Twitter: the importance of Dogecoin This is the $cashtags, the $ symbol in front of the name of the queen of cryptos, to automatically obtain price charts of the tweeted symbols. Staying in 2022, and speaking of the crypto world, a new cryptographic feature has been added to Twitter that allows users to search for the price of bitcoin simply by typing it into the search bar. The first was to double the cost of the Twitter Blue subscription, from $5 to $8 a month.Īnd while this increased revenue, Musk also carried out a mass layoff at the same time, reducing the cost of the workforce by 7,500 people.
To achieve this goal, Musk has apparently introduced new business plans. Not only that, but after the official confirmation, Musk was then able to publicly declare his intention to create with Twitter the app for everything X.īuying Twitter is an accelerant to creating X, the everything app- Elon Musk OctoTwitter’s history with Elon Musk as CEOĭespite this imminent change of roles, it is worth noting the direction that the social network has taken since Elon Musk became its CEO.Ĭertainly one of his first published plans was to make Twitter an app for everything, following the model of WeChat, the Chinese social media platform used by over a billion people to find news, hail taxis or order food. This new decision by Musk to become Twitter’s CTO and executive chairman follows a path that began in April 2022 with his proposed purchase of the social network, which was completed in October 2022 and taken over for a total of $44 billion. More than 17.5 million votes had been cast in the poll, with 57.5% in favour.
On that day, Musk had asked his followers whether he should resign, asking for a clear yes or no answer and writing that he would abide by the results of this poll. The decision to resign as CEO follows the result of a survey proposed by Elon Musk at the end of December 2022. Elon Musk and his resignation as CEO of Twitter As the tweet points out, the new CEO will come from X/Twitter, i.e.
The name of the CEO has not yet been revealed, except that it will be a woman.
#TWITTER CEO SOFTWARE#
My role will transition to being exec chair & CTO, overseeing product, software & sysops.- Elon Musk May 11, 2023Īpparently his idea of stepping down as CEO of Twitter will be to work as overseer of product, software and sysop operations. Excited to announce that I’ve hired a new CEO for X/Twitter.
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