Elon Musk tweeted Tuesday he’ll step down as CEO of Twitter after he finds a substitute.
“I’ll resign as CEO as quickly as I discover somebody silly sufficient to take the job!” Musk wrote on Twitter.
With Tesla’s market worth plunging since Musk introduced his plan to purchase Twitter in April, stress is growing for Musk to faucet a substitute.
Shareholders are in open revolt over the time dedication and adverse publicity which have include Musk’s stewardship of Twitter.
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Will Elon Musk step down as Twitter CEO?
CEO or not, Twitter’s new proprietor will nonetheless name the photographs. After discovering a successor, Musk tweeted that he’ll “simply run the software program & servers groups.”
Musk requested Twitter customers over the weekend whether or not he ought to step down as CEO of the social media platform he purchased for $44 billion in October. With greater than 17 million votes solid, the decision was decisive: 57.5% of straw ballot respondents stated he ought to.
CEO candidates whose names have been floated embody Musk friends David Sacks, a former PayPal govt, and Jason Calcanis, a tech entrepreneur.
Musk stated early on that he didn’t plan to stay on the helm of Twitter and decreasing his time dedication was his plan all alongside.
“There’s an preliminary burst of exercise wanted put up acquisition to reorganize the corporate,” Musk stated in November throughout a trial over his compensation at Tesla. “I’d discover another person to run Twitter over time.”