Dogecoin fan Elon Musk will soon step down from Twitter CEO role


Elon Musk confirmed that he hired a new CEO for Twitter’s parent company X but he will remain active in the company as executive chair and chief technology officer.

Elon Musk is one of the top richest people in the world, he is famous for his high-tech multinational companies e.g. SpaceX, Tesla, Twitter, Neuralink, etc. In Q4 2022, Musk acquired Twitter as a private company for a $43 billion cost & pledged to bring almost every type of online service in the Twitter ecosystem, including crypto payment services.

On 11 May 2023, Elon Musk announced via Twitter that he successfully found a new talent for the Twitter CEO role & she will start to work within the next month. 

Musk also confirmed that he will become executive chairman & chief technology officer to guide the company against the challenges related to product & software services.

Dogecoin creator Billy Markus wished the best for the new Twitter CEO.

Before this, Musk already confirmed that he will step down from the CEO role, following a poll result suggested by the Twitter community.

Elon Musk, Twitter, & Dogecoin

Tesla’s CEO is also popular for his crypto-friendly initiatives. He holds Bitcoin, Ethereum & Dogecoin in his portfolio.

In Feb of this year, Musk posted an image on Twitter to support Dog as a new Twitter CEO.

Now it will be interesting to see the impact of this bad news on the Dogecoin community. 

Dogecoin price action

The current doge trade price is $0.07 & this trade price is 2.27% down over the last 24 hours’ trade price as a usual small market downfall. 

Dogecoin fan Elon Musk will soon step down from Twitter CEO role 1

The Dogecoin trade price graph is showing that Dogecoin faced no negative impact because of this news. 

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