Musk made the announcement on social media, but did not immediately name the new leader. He also said he would reduce his day-to-day involvement with the site, serving as Twitter’s executive chairman and chief technology officer overseeing product changes, according to NBC News. Musk gave the next CEO a little hint, saying that “she” will start working in about 6 weeks.
Investors in some of Musk’s other companies, including Tesla, have worried for months that the billionaire is too distracted by Twitter and underestimates his other responsibilities. Tesla’s stock price jumped about 2% immediately after the tweet.
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