Elon Musk actively looking for a brand new Twitter CEO, sources say

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Elon Musk Twitter web page seen on cellular together with his ballot to step down as head of Twitter

Yui Mok  | Pa Photos | Getty Photos

Twitter proprietor and CEO Elon Musk is looking for a brand new chief government of the corporate, sources informed CNBC’s David Faber.

Musk, who acquired the corporate for $44 billion in October, has beforehand stated his place as CEO could be momentary. In court docket in November, Musk stated, “I anticipate to cut back my time at Twitter and discover any individual else to run Twitter over time.” Nonetheless, on Sunday, he wrote in a tweet that “there is no such thing as a successor.”

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“The query will not be discovering a CEO, the query is discovering a CEO who can maintain Twitter alive,” he wrote.

The billionaire posted an informal poll Sunday asking Twitter customers if he ought to step down as head of the corporate, and a majority of the 17 million respondents voted for Musk to go away his publish. He stated Sunday he would abide by the outcomes of the ballot.

Twitter polls are straw polls, which implies they aren’t akin to skilled public opinion analysis. Malicious bots or inauthentic accounts may additionally be capable of register a response to a Twitter ballot.

Sources informed Faber that Musk’s seek for a brand new CEO has been ongoing and started earlier than the Twitter ballot was made.

Musk’s Twitter takeover has been rocky, as his management has resulted in huge employees cuts, a spike in racist hate speech, advertisers fleeing or slashing their spending on the platform, in addition to the reinstatement of beforehand banned accounts.

The “Chief Twit,” as Musk has beforehand known as himself, claims that Twitter usage has reached an all-time high since he took over, and that hate speech impressions have fallen.

The billionaire’s administration of Twitter has raised issues about his different ventures.

Musk has offered billions of {dollars} price of Tesla shares this yr to finance the Twitter takeover. He has additionally pulled in expertise from Tesla, SpaceX and the Boring Co., together with executives, engineers and attorneys, to help him at Twitter. Musk is CEO of Tesla and SpaceX and founding father of the Boring Co.

On Monday, Sen. Elizabeth Warren, D-Mass., wrote to the chair of Tesla’s board, Robyn Denholm, expressing concern that Musk and the board might have violated authorized obligations to Tesla shareholders.

The lawmaker, who has sparred with Musk up to now over the concept of a wealth tax, requested the board to reply particular questions concerning the alleged misappropriation of Tesla assets and conflicts of curiosity ensuing from Musk’s buy of Twitter.

In a tweet Monday evening, Musk said “america has undoubtedly been harmed” by having Warren as a senator. A consultant for Warren didn’t instantly reply to requests for remark.

Earlier this month, NASA Administrator Invoice Nelson requested SpaceX President and COO Gwynne Shotwell whether or not Musk’s “distraction” at Twitter would possibly have an effect on SpaceX’s work with the area company, NBC Information reported. Nelson stated she reassured him it could not.

Musk didn’t instantly reply to a request for remark.

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