Elon Musk announced he was giving up on leading Twitter and looking for a new CEO to take his place, and a few contenders have emerged.
Key Details
- As Elon Musk leaves his role as Twitter CEO after three months, some contenders have stepped up to take his place.
- Sriram Krishnan, Sarah Friar, David Sacks, Jack Dorsey, and Sheryl Sandberg are all in the running to take over the company.
- Other not-so-serious contenders have stepped up as well including former president Donald Trump and his adviser and son-in-law Jared Kushner.
- The company has been losing a large amount of money, and Musk says the next leader will need to be “foolish” enough to take the reins.
Why it’s news
In the few short months Musk has taken over Twitter, he has made many changes and lost an incredible amount of money.
Musk says Twitter is looking at a negative cash flow of about $3 billion next year—so he has been cutting costs everywhere, from slashing employee numbers to reducing office space.
His next move is stepping down as CEO and looking for someone to take over the troublesome company.
A short list of people have stepped up to take over the company, including some famous names, but some odds are better than others for the contenders.
Sriram Krishnan is the leader for now, with analysts thinking he has the best chance of stepping into the role. Krishnan is Musk’s investor and engineer and seems like the obvious choice.
He has experience running engineering at Twitter, Meta, and Microsoft, making him knowledgeable on Twitter and other platforms.
Other not-so-serious runners include former president Donald Trump and his adviser and son-in-law Jared Kushner. Trump was once banned from the platform before being reinstated by Musk and has a 0.5% chance of getting the top job, according to FairBettingSites.
Chief executive of Nextdoor Sarah Friar, Musk’s friend David Sacks, and Twitter’s previous CEO Jack Dorsey are all also in the running.
Facebook’s former COO Cheryl Sandberg is looking to take on the job and could be a good option considering her background in social media.
Many say the next CEO will need to be well versed and have extensive knowledge in social media and other practices, as well as be willing to fix mistakes and take on future losses if they want to run Twitter.
Musk has not revealed who he is leaning toward or when the next CEO will be announced and is staying in the head seat for the time being.
