Saturday, February 4, 2023

Musk says he will step down as Twitter CEO when he finds a replacement

NEW YORK — Twitter mogul Elon Musk, Twitter’s sole owner, said Tuesday that he will step down as CEO when a replacement is found, and will only lead the software and server management teams in the meantime.

True to form, he said in a tweet that he would resign as head of Twitter “as soon as I find someone crazy enough to take that position,” without giving further details.

On Sunday he launched a poll on his same account in which he asked users to vote on whether he should continue as CEO: 17 million users voted in twelve hours and 57% asked him to leave the position , but there is no record that those votes represent real people and are not “bots” or fake profiles.

Several media reported today that Musk was actively seeking a potential executive director, and economic portal CNBC noted that the search had not started on Sunday, but several weeks earlier, apparently without much success.

It is unknown whether the search is being conducted inside or outside the company, which has severely downsized human resources after Musk toppled previous management, fired about half its employees and then hundreds more left voluntarily. .

In June, before the purchase of the network was formalized, Musk had already leaked that he would lead the company for “a few months”, although that promise seemed difficult to deliver given his arrival and Twitter has given them since their peak. personal involvement. in your course.

The action revives the debate over freedom of expression on the platform and the policies of the company’s new owner. To watch more from Telemundo, visit

So much so that investors and senior executives of Tesla—Musk’s other great company and the source of his great fortune—had already been asking him more or less openly for several weeks to appoint an executive director for Twitter, as it has a lot to do with it. It seemed time for him to attend to his other business.

And it wasn’t just a matter of timing: To offset Twitter’s losses, Musk sold two massive blocks of Tesla stock worth $3.65 billion and $3.9 billion, respectively, between November and December.

The losses are mainly due to flying advertisers, a symptom of his concern about the company’s volatility due to Musk’s frequent changes of mind, and they are so severe that the millionaire said yesterday that the company is “going straight”. There’s going to be “bankruptcy.” If someone doesn’t fix it.

A vast majority of advertisers have abandoned Twitter because they believe the network is riddled with extremist profiles and hate speech, while Musk, who declares himself an autocrat of “free speech”, has drawn criticism from several critical journalists. Censorship has been used against. They canceled their accounts though later accepted them again after they started another “Twitter poll” about their return.

Nation World News Desk
Nation World News Desk
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