Elon Musk has reportedly lined up a new Twitter CEO, shared ideas for monetizing tweets

Elon Musk has reportedly lined up a new Twitter CEO, shared ideas for monetizing tweets

2 years ago
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https://techcrunch.com/2022/04/29/elon-musk-lined-up-twitter-ceo-ideas-monetizing-tweets/

Elon Musk has lined up a new CEO for Twitter and told banks that agreed to help fund his $44 billion acquisition offer about his plans to monetize tweets, according to a new report from Reuters. A source told Reuters that Musk has decided on who he plans to appoint as the new chief executive of Twitter, but the source didn’t name the person. Twitter’s current CEO Parag Agrawal, who took the role after Jack Dorsey stepped down in November, is expected to remain as CEO until the deal is completed.

Reuters reports that Musk told Twitter chairman Bret Taylor that he does not have confidence in the company’s management, which is a sentiment that he also stated in SEC filings. Agrawal would be set for a significant compensation package if the deal closes and Musk brings in new management, as he would receive $38.7 million due to a clause in his contract, according to the company’s latest proxy filing.