Elon Musk says he expects to find a new Twitter CEO ‘over time’
The Hindu
Elon Musk said Twitter will be much more engineering-driven, with employees who write “great code” comprising the majority of the team
Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company.
Mr. Musk took the witness stand on Wednesday in a Delaware court to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the Tesla's board of directors that is potentially worth more than $55 billion.
While testifying, Mr. Musk said “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” according to multiple media reports.
Mr. Musk said Twitter is a software and servers company at its heart and has asked employees to decide by Thursday evening if they want to remain a part of the business, according to an email sent by the company's new owner to its remaining staff.
Mr. Musk wrote that employees “will need to be extremely hardcore" to build “a breakthrough Twitter 2.0" and that long hours at high intensity will be needed for success.
Mr. Musk, who also heads Tesla and SpaceX, said Twitter will be much more engineering-driven, with employees who write “great code” comprising the majority of the team.
The billionaire, who completed the $44 billion takeover of the San Francisco company in late October, fired much of its full-time workforce by email early this month and is expected to eliminate an untold number of contract jobs for those responsible for fighting misinformation and other harmful content.
Let’s take a look at some of the biggest crypto events of the year.
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Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.