Wednesday, October 5, 2022
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Elon Musk might become temporary Twitter CEO

Elon Musk

Elon Musk may be CEO of several multi-billion-dollar companies already, but he might soon add another one to the list: Twitter.

According to CNBC, Musk is expected to serve as temporary CEO of Twitter “for a few months” after his $44 billion takeover of the company is finalized.

That would also mean that current CEO Parag Agrawal, who has only been leading Twitter since November when he replaced former CEO and co-founder Jack Dorsey, is on his way out.

CNBC’s report follows a report by Reuters last month, which said that Musk already has a replacement for Agrawal.

The new report comes a day after a SEC filing revealed that Musk has found additional sources of funding for his Twitter takeover bid, including crypto company Binance, investment company Fidelity, and venture capital company Sequoia Capital.

Musk himself indicated that – despite him saying that the Twitter acquisition is not about making money – he plans a number of changes at Twitter. These include charging a fee for commercial and government users, slashing executive and board salaries, and coming up with new ways to monetize tweets.

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