Twitter CEO Elon Musk will step down when a replacement is found



Very rich person Elon Musk said on Tuesday he will step down as CEO of Twitter Inc once he tracks down a substitution, yet will in any case run a few critical divisions of the virtual entertainment stage.

“As soon as I find someone foolish enough to take the job, I will resign as CEO! Musk wrote on Twitter, “After that, I will just run the software and servers teams.”

Chaos and controversy have surrounded Musk’s $44 billion acquisition of Twitter in October. Some investors have questioned whether Musk is too busy running Tesla, an electric vehicle manufacturer in which he is personally involved in production and engineering, effectively.

After Twitter users voted for Musk to resign in a poll that the billionaire launched on Sunday evening, this is the first time Musk has mentioned quitting his position as chief of the social media platform.

A total of 17.5 million people participated in the poll, with 57.5 percent voting “yes.” On Sunday, Musk stated that he would accept the results. He hasn’t said when he’ll step down, and no one has been named as his replacement.

A whirlwind week that included changes to Twitter’s privacy policy and the suspension and reinstatement of journalists’ accounts, both of which were criticized by news organizations, advocacy groups, and European officials, culminated in the poll results.

Since a few weeks ago, calls on Wall Street for Musk to resign have increased, and even Tesla supporters have recently questioned his focus on the social media platform and whether it could cause him to lose focus on running the electric vehicle manufacturer.

Musk has admitted that he has too much on his plate and will look for a CEO for Twitter. However, he stated on Sunday that there was no candidate for the position and that “no one wants the job who can actually keep Twitter alive.”

Related Post