Elon Musk tweeted on Tuesday that he would step down as CEO of Twitter after discovering a alternative.
“I’ll step down as CEO as quickly as I discover somebody silly sufficient to take this job!” Musk wrote about this on Twitter.
As Tesla’s market worth plummeted after Musk introduced his plan to purchase Twitter in April, stress is mounting on Musk to discover a alternative.
Shareholders are overtly outraged by the short-term commitments and adverse publicity that accompany Musk’s Twitter management.
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Will Elon Musk step down as CEO of Twitter?
CEO or not, the brand new proprietor of Twitter will nonetheless be in cost. After discovering a successor, Musk tweeted that he would “simply lead the software program and server groups.”
Musk requested Twitter customers over the weekend if he ought to step down as CEO of the social media platform he purchased in October for $44 billion. With greater than 17 million votes, the decision was decisive, with 57.5% of faux ballot respondents saying he ought to.
The nominees for the CEO place embrace Musk’s buddies David Sachs, a former PayPal govt, and Jason Kalkanis, a tech entrepreneur.
Musk has beforehand mentioned he has no plans to stay on the helm of Twitter, and his plan has at all times been to chop again on his time.
“After the acquisition, an preliminary surge of exercise is required to reorganize the corporate,” Musk mentioned in November throughout a lawsuit over his Tesla compensation. “In time, I will discover another person to run Twitter.”