Elon Musk will be stepping down as CEO of Twitter within six weeks to take on a role as executive chairman and chief technology officer. He has selected a new incoming CEO but not revealed who it is.
Under Musk's leadership, Twitter underwent major changes, including cutting 75% of its workforce to reduce costs. The platform also faced a significant user outage in February and Musk has sought to revive its subscription offering as a means to supplement its advertising revenue. Musk plans to focus on "overseeing product" in his new role.
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