Elon Musk to step down as Twitter CEO once he finds 'someone foolish' enough as successor
Billionaire Elon Musk confirmed on Tuesday he will step down as chief executive of Twitter once he finds a replacement who is "foolish enough". But he will still run some key divisions of the social media platform.
"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," Musk wrote on Twitter.
The Twitter owner on Sunday asked users whether he should step down as CEO and said he "will abide by the results of this poll". The poll closed on Monday morning, and 57.5 per cent of the votes called for him to stand down.
He also said only Twitter Blue subscribers will be able to vote in future policy-related polls after more than 10 million people voted for him to step down as the social media platform's CEO.
As the owner of Twitter, following his purchase of the company for $44 billion (€41.4 billion) in October, no one could have forced him to step down as CEO.
He has ignored results of polls he has run before, redoing ones that may not have had the result he wanted, including a poll on unsuspending accounts that he claimed had revealed his real-time location.
A number of those accounts were of journalists from the mainstream media, such as Donie O'Sullivan from CNN, who had tweeted an official LAPD statement regarding a tweet sent by Musk.
It is unclear who could replace Musk but there is wild speculation about who could be appointed. As for tech leaders who could fit the bill, it has been said that the former COO of Meta Sheryl Sandberg could be a top pick. But he could also pick someone from his other companies Tesla and SpaceX.
Whoever is chosen, if chosen, would have a big job in bringing the company's finances in order as last month Musk warned
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