Elon Musk Says He Will Leave His Job As CEO Of Twitter: Elon Musk, the owner of Twitter, announced Tuesday night that he would stand down as the company’s CEO, but only after he names a successor. This was the first time he had directly addressed a Twitter poll he had launched this week in which millions of users had voted for his resignation.
Musk tweeted that he would step down “as soon as I find someone stupid enough to do the job”! Musk also stated that he would “manage the software & servers teams” at Twitter after stepping down as CEO, implying that he may continue to impact the organization’s decision-making significantly.
After the poll’s results were announced, there was more than a day of stillness before the announcement. After more than 17 million people had cast their votes on Monday, 57.5% believed Musk should step down, and the billionaire executive barely referenced the results. He proposed that future Twitter polls might only be accessible to Twitter Blue subscribers who have paid for their subscriptions.
Musk’s user poll asking people if he should step down as CEO following a significant backlash to Twitter’s abrupt suspension of several journalists who covered him, as well as Twitter’s decision to ban, and then un-ban, links to other social media platforms like Facebook, Instagram, and Mastodon, a rapidly expanding Twitter rival that has quadrupled in size since October.
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One of the world’s most influential social media organizations has undergone broad, occasionally chaotic changes due to Musk’s brief time serving as CEO. Under his direction, Twitter has fired most of its employees, alienated significant advertisers, welcomed former President Donald Trump back to the service after his suspension following the Capitol riots on January 6, and made internal communications about Twitter’s operations available to journalists before Musk acquired the company.
Elon Musk took over @Twitter, but he's still the CEO of @Tesla. That raises legal concerns — is he creating conflicts of interest? Is he misappropriating company resources? Tesla is not Musk’s private plaything. I’ve got many questions for the Tesla Board. https://t.co/B028T1Yive
— Elizabeth Warren (@SenWarren) December 19, 2022
Musk stopped enforcing Twitter’s policy on Covid-19 falsehoods and made the remaining staff vow to work “very hard.” A paid verification option that Twitter introduced quickly was quickly abused by satirical accounts pretending to be verified by large businesses, athletes, and other famous individuals on the platform. As a result, Twitter was obliged to withdraw the feature.
Those who want power are the ones who least deserve it
— Elon Musk (@elonmusk) December 19, 2022
Because of his propensity to base significant product changes on nothing more than unofficial Twitter polls, Musk’s impromptu and ad hoc management style have come to light. But an increasing number of Twitter users are criticizing that strategy. Twitter punished several journalists last week for covering Musk’s decision to block an account that monitored his jet permanently.
The poll on Sunday, which acted as an effective, though unscientific, a referendum on Musk’s management of the company since he completed his purchase of Twitter in late October, was the culmination of growing criticism of Musk.
Frequently Asked Questions
Has Elon stepped down?
Elon Musk, the owner of Twitter, announced Tuesday night that he would stand down as the company’s CEO, but only after he names a successor. This was the first time he had directly addressed a Twitter poll he had launched this week in which millions of users had voted for his resignation.
Why is Elon Musk stepping down?
Two days after asking his 122 million Twitter followers whether he should stand down as the leader of the social media platform, the majority of replies responded yes, Elon Musk announced on Tuesday that he would retire as Twitter’s CEO when he found “someone crazy enough to do the job.”
Who is the owner of Twitter 2022?
Elon Musk, a business mogul, started the acquisition of Twitter, Inc., an American social media firm, on April 14, 2022, and finished it on October 27, 2022. Musk started purchasing Twitter shares in January 2022 and, by April, had amassed a 9.1 percent ownership position, making him the company’s largest stakeholder.
Final Lines
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