Musk says he will find a new CEO at Twitter but will retain control of key divisions

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Elon Musk has said he will step down as CEO at Twitter — as soon as he finds someone else who is “foolish enough to take the job.”

However, Musk plans to maintain control of the social media company’s software and server teams, key areas that will allow him to control product decisions.

musk He tweeted his decision Tuesday night in response to an unscientific, non-representative poll he launched two days earlier that asked users if he should step down as company president. More than 10 million people, or 57.5 percent of respondents, voted to leave office.

Musk had previously said he would stick to the results of the unofficial poll, which he launched after even some of his allies criticized some of Twitter’s recent policies. The poll was one in a series of public blows to his image since taking on the role. This month, he was booed by the audience when he took the stage at comedian Dave Chappelle’s San Francisco show.

Six moments that define Musk’s tenure as CEO of Twitter

The businessman, who also leads Tesla and SpaceX, took control of the social media company in October in a deal worth $44 billion. Musk has previously indicated that he has no intention of staying ahead of Twitter in the long term.

Musk did not directly respond to the poll’s results for more than a day after it closed, but he did react to several tweets that suggested the poll might have been hacked by bots or that it wasn’t a representative sample of what people wanted. .

His tepid response to the poll on Tuesday night left the door open for him to retain the top spot for an indefinite amount of time.

“Accurate assessment!” Musk responded to a tweet that asked why “offering that unwanted job” would make people so angry.

Some Tesla investors urged Musk to step down from the social media company to focus his energies on the electric car company, which was struggling in the stock market. Tesla shares fell more than 8 percent on Tuesday during trading.

Musk’s tenure at Twitter has been turbulent and chaotic at times. The billionaire laid off thousands of employees, dissolved an outside group that had overseen online security and restored high-profile suspended accounts, including that of former President Donald Trump.

No word from Musk on whether he will resign. He lost a poll he said he would stick with.

Musk’s moves have been controversial with many Twitter users and advertisers, risking the company’s main source of revenue. But others have welcomed his free speech agenda and urged him to stay on as CEO.

Musk has used Twitter polls to make crucial decisions several times since taking over the company, including whether he should bring Trump back. It also asked users if the company should offer a “general amnesty” to suspended accounts, many of which then began to reappear on the site.

Musk launched another poll Tuesday night, this time asking users if Congress should approve a $1.7 trillion deal to fund the government.

Kat Zakrzewski contributed to this report.


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