CNBC's Arjun Kharpal and Ryan Browne contributed to this report. Musk also updated his Twitter description to "Chief Twit." Musk arrived at Twitter headquarters earlier this week carrying a sink, and documented the event on Twitter, saying "Entering Twitter HQ – let that sink in!" "There is currently great danger that social media will splinter into far-right wing and far left-wing echo chambers that generate more hate and divide our society." "The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence," Musk said in the message. ![]() On Thursday, Musk wrote a message intended to reassure advertisers that social messaging services wouldn't devolve into "a free-for-all hellscape, where anything can be said with no consequences!" Web3 is a term the technology industry uses to refer to the next generation of the internet. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology," Binance CEO Changpeng Zhao said in a statement. "We're excited to be able to help Elon realize a new vision for Twitter. He also got the backing of some high-profile investors including venture capital firms and technology CEOs.Ĭryptocurrency exchange Binance, one of the original backers, confirmed to CNBC on Friday that it is an equity investor in Musk's Twitter takeover. Earlier this year, he secured some debt financing from a number of investment banks. It is still unclear how Musk will finance the deal. 28 to cement the Twitter deal or head to trial. Distrustful of Musk's motivations, Twitter's lawyers said the Tesla CEO's "proposal is an invitation to further mischief and delay."Ī Delaware Chancery Court judge eventually ruled that Musk had until Oct. He stepped down from the board in May 2022. In the ensuing months, Twitter and Musk would trade barbs via their attorneys as the two parties were slated to head to Delaware's Court of Chancery to determine the fate of the company and whether it would end up in the Tesla chief's hands.Įarlier in October, Musk had a change of heart and said he wanted to pursue his acquisition of Twitter at the original price of $54.20 a share if the social messaging service dropped its litigation. Jack Dorsey is CEO of payments company Block (formerly called Square) he was CEO of Twitter from 2015 until November 2021. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Irwin is currently in charge of the trust and safety division at Twitter and has reportedly built a positive relationship with Elon Musk following her promotion.Best Debt Consolidation Loans for Bad Credit The Business Insider report also mentioned Ella Irwin as a potential candidate for the CEO position at Twitter. She is known to be a supporter of Elon Musk and has advocated for giving him the time needed to turn the company around. ![]() As reported by Business Insider (which requires a subscription), Yaccarino has expressed her desire to become the CEO of Twitter to her friends in the past. According to a report from the Wall Street Journal, Yaccarino has been a proponent in the advertising industry for improving methods to measure advertising effectiveness.ĥ. She has studied liberal arts and telecommunications.Ĥ. Yaccarino is an alumna of Penn State University. Her last position at Turner was Executive Vice President and COO of Turner Entertainment Ad Sales. Prior to her tenure at NBC Universal, Yaccarino spent 19 years at Turner, where she held various executive roles.ģ. Yaccarino previously served as head of the company's cable entertainment and digital advertising sales division. ![]() She currently holds the position of Chairperson for Global Advertising and Partnerships.Ģ. According to her LinkedIn profile, Linda Yaccarino is a long-time executive at NBC Universal, having worked there since 2011. Here is everything you need to know about Linda Yaccarino, the rumoured top candidate for the position of Twitter's next CEO.ġ. ![]() She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops", Musk had announced hours ago. “Excited to announce that I’ve hired a new CEO for X/Twitter.
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