Elon Musk Quits Being CEO of Twitter
If there would be a replacement, Elon Musk Quits being the CEO of Twitter.
Elon Musk has stated that he will step down as Twitter’s CEO once he finds someone “foolish enough to take the position.”
Prior to this, the billionaire made a commitment to follow the outcome of a Twitter poll in which 57.5% of respondents favored his leaving the position.
He claims that even after a replacement is found, he will continue to lead the software and server teams.
The platform’s modifications since his takeover have drawn a lot of flak.
Since Mr. Musk acquired the social media platform in October, he has let go of about half of the company’s employees and tried to roll out Twitter’s for-pay verification feature before pausing it. Last week, the feature was reintroduced.
The way he moderates content has also drawn criticism from civil liberties organizations, which accuse him of taking actions that will encourage hate speech and false information.
The European Union and United Nations condemned Elon Musk on Friday for Twitter’s decision to suspend some journalists who cover the social media company.
While the EU threatened Twitter with sanctions, the UN tweeted that media freedom was “not a toy.”
The multibillionaire hasn’t previously commented on the poll that was released on Sunday asking if he should step down. It might be difficult to find someone to take over the social media platform, according to Mr. Musk. Jack Dorsey, another co-founder of Twitter, has been rumored to return and take over as CEO. He gave up his position as CEO in November 2021.
Following the poll, he tweeted, “No one wants the job who can actually keep Twitter alive.”
Here is the Twitter Post:
The multibillionaire’s response to the poll asking whether or not he should step down was made public for the first time on Monday. According to Mr. Musk, it might be difficult to find someone to take over the social media platform. Some have suggested that Jack Dorsey, a co-founder of Twitter, might return to lead the organization. In November 2021, he announced his resignation as CEO.
He tweeted in response to the poll, “No one wants the job who can actually keep Twitter alive.”
a tweet claiming that Twitter Blue subscribers “should be the only group permitted to participate in polls on policy. We actually have something to lose,” said Elon Musk. “Good point, Twitter will change that.”
Last week, the paid-for verification feature on Twitter resumed rollout after a brief pause. Subscribers receive a “blue tick” and pay $8 per month, or $11 if they use the Twitter app on an Apple device.
Over the past year, shares of the electric vehicle manufacturer have fallen more than 65%.
In order to finance his purchase, Mr. Musk sold shares of Tesla worth billions of dollars, which aided in the share price decline.
