Elon Musk said he has hired someone to replace him as boss of Twitter and its newly named X Corporation parent.
Twitter users in December voted to oust owner Musk as chief executive in an unscientific poll he organized and promised to honor, just weeks after he took charge of the social media giant.
"My role will transition to being exec chair & chief technology officer, overseeing product, software & system operations," the billionaire added. However, he appears to be"finally reading the room" regarding"this Twitter nightmare" and the"impossible task" of trying to balance running Twitter, Tesla and SpaceX, Wedbush analyst Dan Ives said in a note to investors.
Musk has fully owned Twitter since late October and has repeatedly courted controversy as CEO, sacking most of its staff, readmitting far-right figures to the platform, suspending journalists and charging for previously free services.
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