Elon Musk tweeted Tuesday he will phase down as CEO of Twitter immediately after he finds a substitute.
“I will resign as CEO as shortly as I discover somebody silly ample to acquire the task!” Musk wrote on Twitter.
With Tesla’s industry worth plunging considering that Musk declared his strategy to invest in Twitter in April, pressure is expanding for Musk to tap a substitution.
Shareholders are in open up revolt over the time determination and negative publicity that have occur with 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 still call the shots. After discovering a successor, Musk tweeted that he will “just operate the software & servers groups.”
Musk asked Twitter buyers above the weekend whether he should step down as CEO of the social media platform he acquired for $44 billion in Oct. With additional than 17 million votes solid, the verdict was decisive: 57.5% of straw poll respondents stated he should.
CEO candidates whose names have been floated include Musk friends David Sacks, a previous PayPal government, and Jason Calcanis, a tech entrepreneur.
Musk stated early on that he did not program to keep on being at the helm of Twitter and lessening his time determination was his strategy all together.
“There’s an original burst of action needed put up acquisition to reorganize the business,” Musk said in November in the course of a trial over his payment at Tesla. “I’d find a person else to operate Twitter above time.”