Wednesday, May 29, 2024
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Elon Musk announced on Tuesday that he will step down as Twitter’s CEO as soon as he can find someone “foolish enough to take the job.” This decision came after a poll conducted over the weekend in which Musk asked Twitter users if he should continue as CEO and promised to abide by the results. The poll received a total of 17.5 million votes, with 57.5% calling for Musk to step down. Despite stepping down as CEO, Musk indicated that he will still run the company’s “software and server teams,” suggesting that he will remain involved in the day-to-day operations at Twitter.

Prior to acquiring Twitter, Musk had indicated that he would only serve as CEO on an interim basis. His decision to open up the question of the company’s leadership after less than two months came as a surprise to many. The company has recently experienced significant upheaval, with more than half of its staff being fired or resigning and several major advertisers leaving the platform. This has led Musk to warn of the possibility of bankruptcy.

On Monday, Musk tweeted that he had not yet identified a new CEO, responding to a suggestion that he already had a succession plan in place by saying, “No one wants the job who can actually keep Twitter alive. There is no successor.”

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