Elon Musk has been spotted mingling with festivalgoers at a trance music event in downtown Los Angeles.
The billionaire was seen watching Mladen Solomun, a Bosnian-German DJ, along with a 10,000-strong crowd.
The DJ played a five-hour set from 7pm until midnight on Saturday evening, with fans spotted dancing to him late into the night.
Musk is known to be a fan of EDM, having written and released a track himself in January 2020 entitled ‘Don’t Doubt Your Vibe’.
It came days after he announced NBCUniversal Linda Yaccarino would take over as CEO of Twitter.
Twitter CEO Elon Musk is seen attending the historic Exposition Park in downtown Los Angeles for a trance music event on Saturday night
Musk seemed to be enjoying himself as he let the trance music wash over him at the event
Last week the Twitter boss revealed how he’s hired her to take over from him as the social media network’s chief executive officer.
Musk, who bought Twitter in October 2022, tweeted: ‘Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!
‘My role will transition to being exec chair & CTO (chief technology officer), overseeing product, software & sysops.’
The newly appointed CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform.
It was the first time Yaccarino has spoken publicly since the news broke Thursday that she was in talks to become the next CEO of Twitter.
Musk, who has served as CEO since his $44 billion buyout of Twitter last October, announced her appointment on Friday.
The newly appointed CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform
Elon Musk announced the news of his new CEO on Twitter on Thursday
‘I’ve long been inspired by [Musk’s] vision to create a brighter future. I’m excited to help bring this vision to Twitter and transform this business together!’ Yaccarino tweeted.
Yaccarino, who as advertising chief for Comcast Corp’s NBCUniversal spent several years modernizing its ad business, said she is committed to Twitter’s future, and said user feedback is vital to build Twitter 2.0.
Yaccarino will take over a social media platform that has been trying to reverse a plunge in ad revenue and is beset with challenges, along with a heavy debt load.
Since Musk acquired Twitter, advertisers have fled the platform, worried that their ads could appear next to inappropriate content after the company lost nearly 80% of staff. Musk earlier this year acknowledged that Twitter had suffered a massive decline in ad revenue.
While Musk said Yaccarino would help build an ‘everything app,’ which he has previously said could offer a variety of services such as peer-to-peer payments, his selection of an advertising veteran signaled that digital ads would continue to be a core focus of the business.
Musk has long said he intended to find a new leader for Twitter.
Musk, who is also the CEO of Space X and electric-vehicle maker Tesla, on Friday said that bringing Yaccarino on as Twitter’s new chief will help him devote more time to Tesla.
Tesla shares jumped following Musk’s announcement on Twitter on Thursday
Musk immediately made his mark after taking over as CEO of Twitter on October 28, 2022
Immediately following the announcement, Tesla’s shares jumped more than 2 percent, in a sign that investors were pleased about the move.
When Musk took over Twitter on October 28, he immediately made his mark – but his tenure has not been without controversy.
Changes such as the Twitter Blue subscription and bringing back previously banned users to the platform have been met with widespread backlash.
He has also laid off thousands of the company’s workforce in an effort to significantly cut costs.
He attempted to develop the site’s subscription feature as a means of supplementing its advertising revenue.
However Twitter appeared to partially backtrack on its new model by reinstating some legacy accounts including LeBron James and William Shatner.
Under the new system, users would have to pay an $8 monthly fee in order to have their account verified – and receive the site’s signature blue tick.
Previously, the site would award a verified account to notable figures such as politicians, celebrities and journalists.
Musk’s announcement came months after he pledged in December to step down as the head of Twitter as soon as he found someone ‘foolish enough to take the job.’
