Elon Musk announced as the new CEO of Twitter

Billionaire Elon Musk officially announced that he has accepted as the new CEO (CEO) of the social network Twitter that he just bought for $ 44 billion.

Billionaire Elon Musk will be the CEO of Twitter. (Photo: CNBC)

Tech billionaire Elon Musk just confirmed his new position on Twitter on October 31 (US time), just 3 days after closing a $44 billion deal to make this popular social network a Private company.

Before closing the deal last week, Elon Musk changed his Twitter profile to introduce himself as “Chief Twit” (roughly translated as “Twitter’s boss” – PV) but did not make any announcements. about the CEO position.

Currently, in addition to the position of Twitter CEO, Elon Musk is also the CEO of electric car company Tesla and space technology company SpaceX.

Elon Musk’s $44 billion acquisition of Twitter last week ended after months of upheaval. Since then, the billionaire has quickly sought to change the company – which he has criticized for being slow to change products or remove junk accounts.

Earlier in October, Elon Musk changed his mind and said he wanted to pursue a Twitter acquisition at an initial price of $54.20 per share if the social messaging service dropped the lawsuit.

Elon Musk has secured loans from several investment banks. He also has the backing of a number of prominent investors including venture capital firms and tech CEOs.