The Media Giant platform Twitter has a new CEO.
That's right! The platform of billionaire owner Elon Musk has a new CEO and he was the one to announce it on his Twitter page. According to the magnate, the new leader of the largest short messaging platform will have an important role in developing the new face of Twitter, which now has a plan to turn the platform into an all-in-one app.
The new administrator will have greater responsibilities in the company's operations and business while Elon Musk, despite stepping down from the position, will focus on product design and new technologies. The magnate's plan to transform the entire application into one will have a heavyweight ally with the new CEO, and the platform will become more resourceful, offering more services to users.
The Story and the New CEO
On May 11th, the boss of Twitter announced in one of his famous tweets that he had hired a new Chief Executive Officer to take the reins of the platform and let slip that the person would be a woman. However, he didn't mention the name but stated that she would start in six weeks from the date of the hiring announcement. In the same tweet, he also informed what roles the two, he and the appointed CEO, would have, ensuring that he would continue to lead the company but as an executive chairman and CTO, focusing on overseeing software products and system operations.
Meanwhile, the new CEO of Twitter, Linda Yaccarino, who until then was the head of advertising at NBCUniversal, serving for over a decade in the company, left the position available. Mrs. Linda Yaccarino played a critical role at NBCUniversal as an industry advocate in the quest for effective advertising measurement methods and was crucial to the launch of one of NBCU's biggest streaming products.
Controversy on Twitter
Twitter is a real-time information vehicle where users do not wait to make their voice heard, and there is already controversy over the appointment of the new Twitter CEO. The opposition arises mainly from users who believe that the new boss of Twitter will sanction free speech and also fear that bans will return to the platform.
In addition to her former role at NBCU, Linda Yaccarino is also the chairman of the World Economic Forum Taskforce on future work and this organization has been contested in history by many who signal distrust from the world. The World Economic Forum was created in 1971 with the aim of promoting cooperation among the most empowered layer of the world, including business, government, and academic leaders to solve problems that affect the entire world.
Criticism from the world stems from the fact that the organization is exclusively composed of economic and political leaders and is guided by the pursuit of profit and power. Some even believe that the World Economic Forum uses its influence to promote policies that benefit the interests of large corporations at the expense of ordinary people. Therefore, it is an organization surrounded by conspiracy theories by the majority of the world's thinking community.
The organization that has the new CEO of Twitter as its leader has several conspiracy theories, which, although unfounded, highlight how much people distrust political elites and global companies. The commotion and controversy on Twitter are normal, and only time will tell what the leader's position will be.
Crypto Follow-up
Elon Musk is also known for his support of the crypto universe and especially Dogecoin, and although he has not introduced cryptocurrency payments, nothing is decided. After all, Musk has an appetite for technology and was one of the founders of PayPal, and knows the market well. He understands the power of the crypto ecosystem, and possibly with the development of Twitter into an all-in-one cryptocurrency payment app, it could be enabled.
Now, the work policy of the new "boss" will be known within a few weeks, and what she will do is still a mystery. But the community is already in an uproar, and the hashtag #WEFPUFFET is trending on Twitter.
What do you think of the new direction of Twitter? Did Elon Musk make the right decision in appointing Linda Yaccarino as the new CEO? Leave your comment below.
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