Elon Musk, the billionaire CEO of Tesla and SpaceX, is reportedly set to serve as the interim CEO of Twitter when his purchase of the social media platform for $44 billion is completed, sources told CNBC.
There has been rampant speculation regarding who would take over Twitter as CEO in light of reports that Musk was allegedly planning to clean house at the company shortly after entering a deal to acquire it.
This comes days after Reuters reported that Musk may be appointing a new CEO to take the place of Parag Agrawal.
However, if Musk himself steps in to take control of the company, major changes could come to the platform sooner rather than later.
According to the CNBC report, a SEC filing on Thursday confirmed that the billionaire investor had secured the necessary funds in equity, $7.4 billion, to begin his purchase of Twitter.
After the Twitter deal was announced last week, Musk stated that he intends to make Twitter a place where “matters vital to the future of humanity are debated.” He also shared, “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
Musk’s purchase of Twitter has been met with excitement by proponents of free speech on Twitter, while others have threatened to leave the platform. On Wednesday, Musk hinted that there might be financial changes coming down the line for certain Twitter users. “Twitter will always be free for casual users,” he stated in a tweet, “but maybe a slight cost for commercial/government users.”
Current Twitter CEO Parag Agrawal has served as the executive officer since November 2021, following the surprising resignation of then-CEO Jack Dorsey.