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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Nick Baker

Nick Baker is CoinDesk’s deputy editor-in-chief. He owns less than $1,000 combined of BTC and ETH.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about