Elon Musk is stepping down as CEO of Twitter after approximately 6-7 months in that role. Musk took over Twitter and became the CEO in late October of last year. Today he announced in a Tweet that he will no longer be steering the ship as CEO and will instead take on a more executive role as chairman and Chief Technology Officer.
Musk’s time at Twitter has been a period of tumultuous change across the entire company, he first came in and laid off half of the social network’s staff in November. At the time it was seen as a controversial move but other tech giants such as Google, Meta, Amazon and plenty of others followed suit.
He later pushed a subscription-based service that allows any user to acquire a blue checkmark for $8 per month. He also decided to place Twitter under X Corp which is a secret company or a conglomerate of companies he is building.
Another controversial move he made was to reinstate controversial accounts on the platform that was previously blocked under the old management such as Donald Trump.
To his credit, he did follow his word as he stated multiple times that he does not want to be the long-term CEO of the company and instead wanted to come in and make the necessary changes to make the company profitable and healthy.
This move seems like the logical move for Musk at this point, other ventures such as Tesla and SpaceX need his time and attention. Additionally, he is also secretly building an AI startup.
