Insider Finance - Business - Elon Musk leaves us hanging

View in browser

May 12, 2023

Hello, Insiders. Shona Ghosh, UK deputy executive editor, here. Elon Musk says he’s found a new CEO for Twitter. He didn’t identify his candidate, but media industry insiders and Twitter staffers are all abuzz with speculation — as are jokesters, who are saying it could be Elizabeth Holmes. More on this below.

Also in today’s edition:

The 10 big cities where young people are getting hired like crazy.
One man lost 26 pounds after using ChatGPT as a running coach.
Why CEOs are changing directions faster than ever.

— Shona Ghosh

If this was forwarded to you, sign up here.

THE LATEST

DeSantis, Carroll, & Neely

Florida’s Ron DeSantis signed a law to cover up records of his travel and visitors ahead of an anticipated 2024 presidential run.
E. Jean Carroll might sue Donald Trump for defamation a third time, her lawyer said, after Trump called Carroll's allegations "fake" in a CNN town hall. More here.
Marine veteran Daniel Penny faces up to 15 years in prison over the death of Jordan Neely. Read more.

THE BIG STORY

Elon Musk’s successor

Justin Sullivan/Getty Images

Elon Musk has signaled he’s finally ready to step back from day-to-day management of Twitter. The billionaire unexpectedly announced Thursday that he had found a new CEO to take over, while he would become “exec chair & CTO,” overseeing product and software development.

The identity of this person is a mystery. Musk fueled speculation by referring to the candidate as “she.” Company insiders think “she” might be the current trust and safety boss, Ella Irwin. Media observers think it could be NBCU’s global ads and partnerships boss, Linda Yaccarino, who’s expressed an interest in the job. The New York Times and The Wall Street Journal also reported Thursday that Yaccarino was in talks for the gig.

A third and, let’s face it, equally likely option is that it’s a prank. But Musk always said he planned to give up the top job — and whoever takes over will need steely resolve.

READ THE FULL STORY

TOP READS

CEOs, ChatGPT, & more

erhui1979/Getty Images

CEOs are rapidly switching directions. They’re changing corporate strategies much more frequently than before. Many factors feed into this: a shaky economy, the sudden rise of AI, and even the sped-up business pace. But CEOs themselves are also to blame.
ChatGPT is this guy’s running coach. Greg Mushen hated running every time he tried it. So he asked the chatbot to create a workout plan that would make him enjoy the cardio — and he’s lost 26 pounds in the process. Check out his journey.
Young people are getting hired rapidly in 10 cities — including Miami, New York City, and San Jose. See the full list, which includes the salary (adjusted for cost of living) and the average hiring rate.
“I tried Runway, a buzzy generative-AI platform that lets you transform images and videos with text.” Insider’s Lakshmi Varanasi put it to the test: generating 100 “portraits” of her. The results were unexpected — and in one, she looked like Johnny Depp. See the results.
The car you want may be impossible to find right now. Toyotas and Hondas are pretty difficult to find nowadays. They don’t have many vehicles on their lots because of continuing inventory issues. But other car companies — especially US ones — still have a healthy supply.
Don’t slam Beyoncé for “lack of energy.” The superstar just kicked off her world tour. But some critics blasted her for not dancing more during the three-hour set. Joi-Marie McKenzie, editor in chief of Insider’s life division, writes that the problem isn’t Beyoncé — it’s the people criticizing her.
“I finally went on my first cruise, but I still don't get the hype.” Heather Nicholls broke down all the reasons cruising isn’t for her. She said the ship was too crowded and the “scheduled fun” left her overwhelmed. Read about the full experience.

TAKE A LOOK

Eurovision

KENZO TRIBOUILLARD/AFP via Getty Images, Sean Gallup/Getty Images, Mehmet Kaman/Anadolu Agency/Getty Images

Check out 15 of the wildest costumes ever worn at the Eurovision song contest. Over the years, contestants have worn daring and eclectic costumes to represent their nations. View them here.

WATCH THIS

So Expensive

Referred to as the "superfood of the beehive," royal jelly — a secretion made by honeybee workers to feed larvae of future queen bees— contains much more nutrients than honey and is 20 times more expensive.

CAN'T GET ENOUGH?

Keep up with Insider

Get Insider's app and notifications to be the first to find out about the stories you want to know — from tech to business. Download it here.
Become an Insider subscriber to get actionable, high-value news and insights to improve your career, company, and community. Subscribe here.
Want more of Insider in your inbox? Sign up for our newsletters here.

This edition was curated by Shona Ghosh and edited by Hallam Bullock, Lisa Ryan, Diamond Naga Siu, and Kevin Kaplan. Get in touch: insidertoday@insider.com.

Email sent to: you

Manage your email preferences | Unsubscribe | Terms of Service | Privacy Policy

Key phrases

Marine veteran Daniel Penny The Wall Street Journal UK deputy executive editor The New York Times THE BIG STORYElon Musk New York City CNN town hall average hiring rate buzzy generativeAI platform continuing inventory issues Eurovision Song Contest future queen bees actionable highvalue news up business pace other car companies E Jean Carroll media industry insiders Getty Images CEOs

Older messages

Wall Street: RIP the index-rebalance trade

Friday, May 12, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Finally, Friday! Dan DeFrancesco in NYC, which feels quite small and insignificant after checking out these 25

Wall Street: Digital health’s Rx is M&A

Friday, May 12, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hey there! Dan DeFrancesco in NYC, but more specifically I'll be at the Fintech Nexus conference today with

Russia’s NATO is crumbling

Friday, May 12, 2023

Plus: Zuckerberg is shredded, and Tucker Carlson heads to Twitter. View in browser Subscribe May 10, 2023 Hello, Insiders! Spriha Srivastava, UK bureau chief, here. Today we take a deeper dive into

Wall Street: Dress for success

Friday, May 12, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Almost Friday! Dan DeFrancesco in NYC. Today, we've got stories on the real reasons rents are staying so

Google’s AI makeover

Friday, May 12, 2023

Plus: Tucker Carlson texts, and Trump's 'disastrous' CNN town hall. View in browser Subscribe May 11, 2023 Hello, Insiders. Matt Turner, editor in chief of business, here. I'm in San

🫂 Tesla's sharing

Sunday, May 28, 2023

Tesla's letting Ford drivers use its charging stations | UK retail sales ticked up | TOGETHER WITH Hi Reader, here's what you need to know for May 29th in 3:13 minutes. 🍦 It's time for the

🚀 It's NVIDIA's world....

Sunday, May 28, 2023

Plus, TikTok launches Shopping! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Homebuyers are screwed

Sunday, May 28, 2023

Plus: Bill Gates' AI bet, and the best early-stage investors. View in browser Subscribe May 28, 2023 Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider

Welcome to the ‘Airbnbust’

Saturday, May 27, 2023

Plus: $2.5 million cruise cabin, and airline catering truck tiny home. View in browser Subscribe May 27, 2023 Hello, Insiders. Ever find yourself sitting on your couch, mindlessly scrolling through

‘We made progress’

Saturday, May 27, 2023

Bloomberg Weekend Reading View in browser Bloomberg A debt limit deal seems near, and just days before the full faith and credit of the US would be placed in question for the first time in the

Sticking point

Friday, May 26, 2023

Bloomberg Evening Briefing View in browser Bloomberg Treasury Secretary Janet Yellen announced the department expects to be able to make payments on US debt up until June 5, four days longer than her

The Most Important Bank in the World

Friday, May 26, 2023

Plus: Starling Bank, Norinchukin, Citigroup ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Musk’s coming for your brain

Friday, May 26, 2023

Plus: ChatGPT's making people money, and the hack airlines hate. View in browser Subscribe May 26, 2023 Hello, Insiders. Jack Sommers, senior editor in the UK, here. You may love Elon Musk, or you

Wall Street: So about that US default

Friday, May 26, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Finally Friday! Dan DeFrancesco checking in from an undisclosed location (most likely with a drink in my hand).

💵 Nvidia aced it

Thursday, May 25, 2023

Nvidia's update had investors falling in love | A recession hit Germany| TOGETHER WITH Hi Reader, here's what you need to know for May 26th in 3:10 minutes. It's 2023: these days, crypto