Elon Musk Vows to Resign as Twitter CEO After Finding Successor
Elon Musk announces he will step down as Twitter's CEO once he finds a suitable replacement, a decision driven by the results of an informal user poll. He plans to stay with the company to oversee its software and servers teams.
Elon Musk announces he will step down as Twitter's CEO as soon as he finds someone "foolish" enough to take the job. This decision comes after an informal poll on the social media platform shows that 57.5% of the 17.5 million voters support his resignation. Musk promises to abide by the results of the poll he created.
Despite relinquishing the top executive role, Musk states he will remain at the company to lead its software and servers teams. His $44 billion acquisition of Twitter closes in October, and he recently tells a court that he expects to reduce his time at the company and eventually find someone else to run it.
Musk makes this announcement during a period of intense scrutiny over his management of the social media giant. His tenure as CEO features mass layoffs, the suspension of journalists, and a controversial but quickly reversed policy that prohibits users from posting links to other social media platforms. Musk notes the difficulty of finding a qualified successor, stating that no one who can actually keep Twitter alive wants the position.