Elon Musk has found a new Twitter boss

According to a media report, the experienced advertising manager Linda Yaccarino will lead the short message service in the future. Also: High losses at Softbank and embarrassing recall at Peloton.

Good morning! While you slept, work continued elsewhere in the digital scene.

The top topics:

Elon Musk announced in a tweet that he was taking over the post at Twitter will vacate. A majority of participants in a Twitter poll in December urged him to do so. A successor will take over in about six weeks, wrote the billionaire and Tesla-Founder on the short message service. He took over the company at the end of October for 44 billion US dollars and in the following months laid off thousands of employees and triggered a number of controversies.

Musk himself did not initially name a name. He only stated that, as CTO, he wanted to take care of more specific business areas such as products and software in the future. A little later, the “Wall Street Journal” reported that Linda Yaccarino, head of the advertising department of NBCUniversal, is in talks to become the new CEO of Twitter. Yaccarino has been with the US entertainment company for more than a decade and was instrumental in launching the ad-supported streaming service Peacock. [Mehr bei Welt, Wall Street Journal und CNBC]

On Founder scene: The Board is simply part of it from a certain company size: either purely legally or because it can help to trim the start-up for success. But how do you actually set up the supervisory board? And once I have it, how do I structure the board meetings so they’re really effective and not wasting time? Our expert has an answer to all these questions and has written them down for you in a comprehensive guide. [Mehr bei Gründerszene+]

And here are the other headlines of the night:

Softbank posted a minus of the equivalent of 6.6 billion euros on its balance sheet for the year. But compared to the previous year, the loss has decreased by 43 percent. The Japanese tech investor was able to avert an even bigger drop by buying large blocks of shares in the Chinese e-commerce retailer Ali Baba and the Telekom subsidiary T-Mobile US sold. At the same time, it became known that Softbank would like to invest more in companies that deal with artificial intelligence (AI). [Mehr bei Handelsblatt, Bloomberg und Wall Street Journal]

Peloton Interactive recalls 2.2 million exercise bikes due to faulty seat posts. The sporting goods manufacturer received 35 reports of cases where a part on the exercise bike’s seat broke and came loose while customers were using the machine. There were 13 reports of injuries ranging from a broken wrist to contusions. The recall comes just over a year after Peloton began outsourcing production of its bikes and treadmills. The recall tarnishes Peloton’s image after the company is already struggling to maintain post-pandemic sales momentum. [Mehr bei Techcrunch und Wall Street Journal]

Twitter is under increasing pressure from a new competitor: The new rival named Bluesky, a so-called decentralized communication app supported by Twitter co-founder Jack Dorsey, has grown in popularity significantly in recent months, according to market research firm Sensor Tower. The social messaging app saw 628,000 mobile downloads in April, up 60 percent from March. However, Twitter saw 14.9 million app downloads over the same period, up 2 percent from March’s 14.6 million downloads. [Mehr bei CNBC]

Die SAP-Shareholders have elected a successor to the chairman of the supervisory board, Hasso Plattner, thus initiating the generation change at the Walldorf-based software group. The new man at the helm is Indian-American businessman Punit Renjen. In addition, it became known that SAP and Google build a data cloud for artificial intelligence together. In this way, SAP wants to make it easier for customers to access intelligent algorithms. [Mehr bei Handelsblatt und Handelsblatt]

JD.com gets a new CEO: The current CEO Xu Lei will resign from his position in June after only one year “for personal reasons”. He will be replaced by Sandy Ran Xu, the Chinese e-commerce company’s previous CFO. The company also presented good figures: In China, net sales rose by 1.4 percent year-on-year to around 35 billion US dollars in the first quarter, beating analysts’ estimates. The fintech made another change in management Revolut known: CFO Mikko Salovaara is also leaving the UK-based company “for personal reasons”. [Mehr bei CNBC und Bloomberg]

Our reading tip on Gründerszene: Point your phone at the plant and the app will detect diseases. The Berlin startup helps with this AI Plantix smallholders. Buy now Helmone of the largest family businesses in Germany, the startup. [Mehr bei Gründerszene]

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