According to The Wall Street Journal, billionaire Elon Musk said he will likely find a different manager to run the social media platform he has owned for less than a month.
According to the news, Musk made the following statements on the subject:
“I’m thinking of reducing my time on Twitter and finding someone else to run Twitter in time.”
Musk, who is also the CEO of a much larger company, Tesla, added that moderating Twitter has taken up most of his time in recent weeks. He added that some Tesla engineers are helping out “on a voluntary basis” on Twitter.
Cryptocurrency market, especially Dogecoin investors closely follow Elon Musk’s movements on Twitter.
Elon Musk Fired Twitter Employees Who Criticized Him
After taking over Twitter, Elon Musk took on the role of CEO and sole director of the company after firing a number of executives. According to The New York Times, Musk, who fired employees who criticized him, also emailed the remaining employees to expect to work “long hours” if they wanted to keep their jobs.
After a bumpy ride that included Musk trying to stop buying the social media platform, the executive tried to make his name quickly as it tried to reverse Twitter’s fortunes and increase revenues.
Business leaders and advertisers alike have expressed doubts as to whether the often-praised entrepreneur could breathe new life into Twitter or instead cause its downfall.
Musk said he expects Twitter’s “fundamental organizational restructuring” to be completed soon.
The $44 billion deal was completed late last month.
*Not investment advice.
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