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Home Corporate Events

Elon Musk to step down as Twitter CEO once replacement is found

by Ikenna Ngere
December 21, 2022
in Corporate Events, The Entrepreneur
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Elon Musk launches Twitter poll to determine his position as CEO
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Elon Musk has stated that he will step down as Twitter’s CEO once he finds someone “foolish enough to take the job.”

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 servers teams.

The platform’s modifications since his takeover have drawn a lot of flak.

Elon Musk on Wednesday tweeted: “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 and servers teams.”

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.

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, co-founder of Twitter, has been rumored to return and take over as CEO. He gave up his position as CEO in November 2021.

“No one wants the job who can actually keep Twitter alive,” he tweeted following the poll.

Sheryl Sandberg, the former COO of Facebook, Sriram Krishnan, an engineer and Mr. Musk’s close confidant, and Jared Kushner, a former US presidential adviser and Donald Trump’s son-in-law, have also been mentioned as potential replacements.

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Ikenna Ngere

Ikenna Ngere

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