Musk says he will step down as Twitter CEO after finding a successor | Business and Economics

Musk said he will leave the platform as soon as he finds someone “stupid enough to take the job”.

Elon Musk has announced that he will step down as CEO of Twitter after finding a replacement.

“I will resign as CEO as soon as I find someone stupid enough to take the job!” Musk said in a tweet late Tuesday. “After that, I will just run the software team and the server.”

Musk’s announcement comes after Twitter users voted for him to resign in a poll created by the platform’s billionaire owner.

More than 17.5 million votes were cast in the Twitter poll, with 57.5% in favor of Musk resigning. Musk launched his poll after Twitter announced that it would no longer allow “free advertising” of other social media platforms that has sparked a backlash among users.

Musk, who bought Twitter in October for $44 billion, has been controversial with his decisions since taking control of the influencer social media platform.

Last week, Musk, who also runs Tesla and several other startups, temporarily banned more than half a dozen journalists after accusing the media of putting his family at risk by publicizing the location of the plane. his own.

Musk made the statement after changing the site’s ‘doxxing’ rules to ban accounts that track private jets.

Flight tracking data collected by the US Federal Aviation Administration is public information and is shared online by private websites such as FlightAware and Flightradar24.

Musk previously denied that he was looking for someone to fill the role by tweeting a smiling emoji and claiming that no one wants the job of keeping Twitter alive.

Since Musk took the helm of the social media giant, Tesla’s stock price has dropped by a third, fueling speculation that the billionaire has been under pressure to pull back from the social media platform. .

Dan Ives, a technology analyst at Wedbush Securities, welcomed Musk’s announcement.

“Finally a step in the right direction to end this painful nightmare for Tesla investors,” Ives wrote on Twitter.


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