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Elon Musk's Twitter, Crypto's Town Square, Has Found a New CEO

Musk didn't identify his replacement by name, but said she'll start in about six weeks.

The cryptocurrency industry's town square – Twitter – has found a new CEO, Elon Musk tweeted Thursday.

Musk didn't identify his replacement by name, but said she'll start in about six weeks. The Wall Street Journal is reporting that former NBC Universal executive Linda Yaccarino is in talks to take the job.

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Musk – who bought Twitter last year and, following a poll that suggested this, said he'd find someone else to serve as CEO – will shift into the executive chairman and chief technology officer roles at Twitter, he said.

While Twitter is not a crypto company per se, much of the industry's public revelations and discussions take place via tweet – AKA Crypto Twitter – making Musk's decision of interest to digital-asset aficionados.

And there are hints Twitter might get more involved with crypto. In April, Twitter briefly changed its logo to the dog mascot used by dogecoin (DOGE), a meme coin Musk supports. Also, the Financial Times reported earlier this year that Twitter was building a payments platform that could eventually accommodate cryptocurrencies.

Nick Baker

Nick Baker was CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. He owns more than $1,000 of BTC and SOL.

Nick Baker