• Elon Musk announced he will shift into a new role as chief technologist and named Linda Yaccarino as the CEO of Twitter.
• The takeover of Twitter was expected to be instrumental for the digital asset industry with integrations of crypto and blockchain features.
• There have been rumors that former Meta COO Sheryl Sandberg could also lead Twitter, but no concrete developments on this front.
Elon Musk to Take on CTO Role
Twitter Chief Elon Musk has announced that he will transition his current role as CEO of Twitter to become its chief technologist, overseeing product, software & sysops. He bought the company for $44B in October 2022 and indicated that he’d only lead the company for a limited time to complete an organizational overhaul.
Linda Yaccarino Named as New CEO
Elon Musk has named Linda Yaccarino, an executive from NBC Universal, as the new leader of the microblogging platform. Reports suggest that she will start in about six weeks’ time and other rumors say that former Meta COO Sheryl Sandberg could also lead the firm.
Buyout Expected To Have Impact On Digital Assets Industry
The buyout of Twitter was expected to be instrumental for the digital asset industry with integrations of crypto and blockchain features into the social media platform. However, not much has transpired in the last six months since its acquisition. Despite Musk filing for Twitter to become a financial services company sparking speculation of crypto payment integration, there have been no concrete developments in this regard yet.
Controversial Takeover Of Platform Last Year
Elon Musk’s controversial takeover of Twitter last year caused several changes to be made to the platform, such as announcing that old verified program would end and introducing a new paid version instead. It is still unknown what new changes will come about now that Elon is taking on a different role within the organization.
What Lies Ahead For The Platform?
It remains unclear what direction Twitter will take going forward now that it has appointed a new CEO but one thing is certain; under Elon Musk’s leadership it has seen unprecedented growth and success which we hope continues under his successor’s watchful eye!