Elon Musk will leave the reins of Twitter in the coming weeks. This Thursday night, the head of Twitter announced that he had just hired a new executive director of the social network and specified that he would assume the position in about six weeks.
It was he who had held this position since the acquisition of Twitter. Therefore, his role will gradually evolve, as he explained in the second part of his message: “My role will change to that of CEO and CTO, overseeing products, software, and sysops.”
The Rise of “Corporation X”
Elon Musk mentioned “X/Twitter” referring to “X Corp”, the legal entity behind the platform since early April.
The letter X has an important meaning for the businessman, in addition to being the first letter of the stranger son’s name. Musk uses it to name many projects, from spacexto the Tesla model Xto “Project X” (the official name given to his $13 billion loan to get his hands on Twitter).
“X” is also the name he chose for a future “multipurpose” application that would combine social network, messaging and payment systeminspired by WeChat, and whose development status is unknown.
Source: BFM TV
