Elon Musk's Twitter, Crypto's Town Square, Has Found a New CEO

Musk didn't identify his replacement by name, but said she'll start in about six weeks.

AccessTimeIconMay 11, 2023 at 8:47 p.m. UTC
Updated May 12, 2023 at 7:14 p.m. UTC

The cryptocurrency industry's town square – Twitter – has found a new CEO, Elon Musk tweeted Thursday.

Musk didn't identify his replacement by name, but said she'll start in about six weeks. The Wall Street Journal is reporting that former NBC Universal executive Linda Yaccarino is in talks to take the job.

Musk – who bought Twitter last year and, following a poll that suggested this, said he'd find someone else to serve as CEO – will shift into the executive chairman and chief technology officer roles at Twitter, he said.

While Twitter is not a crypto company per se, much of the industry's public revelations and discussions take place via tweet – AKA Crypto Twitter – making Musk's decision of interest to digital-asset aficionados.

And there are hints Twitter might get more involved with crypto. In April, Twitter briefly changed its logo to the dog mascot used by dogecoin (DOGE), a meme coin Musk supports. Also, the Financial Times reported earlier this year that Twitter was building a payments platform that could eventually accommodate cryptocurrencies.

Edited by Aoyon Ashraf.


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