Insider Finance - Business - Elon Musk leaves us hanging

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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

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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.

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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.

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Insider Finance - Business - Elon Musk leaves us hanging

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