Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

Dec 20 (Reuters) – Billionaire Elon Musk said on Tuesday he would step down as chief executive of Twitter Inc once he finds a replacement, but will still lead some key divisions of the platform. social media.

“I’ll step down as CEO as soon as I find someone dumb enough to take the job! After that, I’ll just lead the software and server teams,” Musk wrote on Twitter.

Musk’s $44 billion takeover of Twitter in October was marred by chaos and controversy, with some investors wondering if he’s too distracted to properly run his electric vehicle maker Tesla Inc. (TSLA.O)in which he is personally involved in production and engineering.

This is the first time Musk has mentioned his resignation as head of the social media platform, after Twitter users vote for him to resign in a poll, which the billionaire launched on Sunday evening.

In the poll, 57.5% of the roughly 17.5 million people voted “yes”. Musk had said on Sunday that he would respect the results. He did not provide a deadline for his resignation and no successor was named.

The poll results capped a whirlwind week that included changes to Twitter’s privacy policy and the suspension – and reinstatement – of journalists’ accounts that drew condemnation from news outlets, advocacy groups and responsible across Europe.

Wall Street has been calling for Musk’s resignation for weeks and recently even Tesla bulls have questioned his focus on the social media platform and how it could distract him from running the electric vehicle maker.

Musk himself said he had too much to do and would be looking for a Twitter CEO. He said on Sunday, however, that there was no successor and that “no one wants the work that can actually keep Twitter alive.”

Reporting by Ann Maria Shibu and Juby Babu in Bengaluru; Editing by Sandra Maler, Anne Marie Roantree and

Our standards: The Thomson Reuters Trust Principles.

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