Elon Musk has confirmed he will step down as CEO of Twitter when he finds someone “foolish enough” to take over. More than 57 percent of users who voted in a Twitter poll Musk posted on Sunday (December 18) said he should step down – a result he said he would abide by.
He went on to question the result, but confirmed in a tweet on Wednesday morning that he would relinquish his role as head of the social media firm once he finds a successor. He wrote: “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.”
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The Tesla and SpaceX boss only took control of Twitter two months ago in a deal worth $44bn (£36 billion), but his tenure has been turbulent. He has overseen more than half of the company’s global workforce being laid off, the loosening of content moderation and reinstatement of previously banned accounts which some groups say has caused a spike in hateful and abusive content on the site.
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Musk’s reign has also seen a fumbled rollout of the Twitter Blue subscription service, as well as advertisers pausing spending with the firm over concerns about his “absolute free speech” approach. The Twitter saga has begun to impact his other businesses, with Tesla share prices down since his social media takeover as the controversies affect confidence in im and his management style.
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