Elon Musk, CEO of Twitter has announced that the social media platform will have a new CEO starting in six weeks.
Elon’s announcement to step down is coming seven months after he purchased the company for $44 billion, following a string of layoffs, a drop in ad revenue, and multiple controversial decisions.
Musk, who owns electric car Tesla and space exploration company SpaceX, hinted at stepping down from the company last year.
According to Forbes, Elon plans to transition into the company’s executive and chief technology officer and oversee its product, software, and systems operations.
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