Elon Musk, the owner of Twitter and a big supporter of Dogecoin, the original meme coin, is stepping down as the CEO of the social media platform to focus on product development. He will act as the chief technology officer (CTO) of Twitter. Elon Musk Stepping Down As Twitter CEO In a Tweet on late May 11, the technology billionaire said Twitter has since hired a CEO whom she will take over in six weeks. Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops. — Elon Musk (@elonmusk) May 11, 2023 Meanwhile, DOGE, like the rest of the crypto market, is down 32% from its April 2023 peak and likely to slide even lower following this announcement. Related Reading: Dogecoin Limps In A Bearish Market: What Traders Should Watch Out For Musk is an ardent supporter of cryptocurrencies and has specifically expressed his admiration for DOGE, the meme token. In numerous instances, DOGE prices have rallied foll ..
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