Billionaire Elon Musk said on Tuesday that he will step down as chief executive of Twitter Inc. when he finds a replacement, but will still run some key parts of the social media platform.
“As soon as I find someone stupid enough to take the job, I will step down as CEO,” Musk wrote on Twitter.
I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.
— Elon Musk (@elonmusk) December 21, 2022
Musk’s $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning whether he’s too busy running his own electric vehicle automaker Tesla. , in which he is personally involved in production and engineering.
It’s the first time Musk has hinted at stepping down as chief of the social media platform, after Twitter users voted for him to step down in a poll the billionaire launched Sunday evening.
In the poll, 57.5% of about 17.5 million people voted “yes”. Musk said on Sunday that he would abide by the results. He has not provided a time frame for when he will step down, nor has a successor been named.
The poll results capped a stormy week that included changes to Twitter’s privacy policy and the suspension — and reinstatement — of journalists’ accounts that drew condemnation from news organizations, advocacy groups and officials across Europe.
Wall Street calls for Musk’s resignation have been growing for weeks, and recently Tesla bulls have also questioned his focus on the social media platform and how he’s distracted from running the EV maker. can remove
Musk himself has said he has a lot on his plate, and will be looking for a Twitter CEO. He said on Sunday that he had no successor and that “nobody wants a job that can actually keep Twitter alive.”
