Elon Musk, amid his erratic two-month reign as CEO of Twitter, has said he will step down as CEO as soon as he finds someone to take over.
“I’m going to quit as CEO as soon as I find someone stupid enough to take the job! After that, I’m just going to run the software and server teams,” Musk said. chirp Tuesday.
Although he will ostensibly abdicate the throne, Musk will continue to have complete control of Twitter, the social network he acquired in a heavily indebted $44 billion deal. Musk has previously said he intends to Appointment of a permanent CEO for Twitter.
On Sunday, Musk posted a poll on Twitter asking, “Should I step down as head of Twitter?” He claimed he would “stand by the results”. After the 12-hour voting period ended, 57.5% of the vote supported Musk’s exit as CEO.
Musk has set himself up as CEO of Twitter, his favorite social network that he admitted he was “overpaying,” after sacking former chairman Parag Agrawal and other top executives. The tech giant has also laid off half of Twitter’s workforce, claiming to be losing more than $4 million a day, and sent hundreds more home after demanding they pledge “extremely harsh” working conditions.
As the head of Twitter, Musk has made a series of seemingly impulsive decisions. This included immediately adjusting the company’s usage policies and suspending the Twitter accounts of several journalists — which Musk claimed was because he was “snaughty” by posting his “exact real-time location, essentially assassination coordinates,” though there was no evidence that any them did it. Some journalists have reported on and shared links to ElonJet, a bot account that tracks Musk’s private jet using publicly available data (which Musk has banned under a newly created policy prohibiting sharing someone’s real-time location without their permission).
Less than a week after closing the Twitter deal on Oct. 27, Musk pushed quickly by increasing Twitter Blue prices and adding a “verified” blue checkmarks feature for subscribers. That was a disaster, as Twitter was inundated with celebrity scammers and satirical corporate accounts that appeared authentic. Twitter suspended the opt-in program, then relaunched it last week with new safeguards to prevent fake accounts.
On Sunday, Twitter announced a new policy to suspend accounts that promote other platforms — including Facebook, Instagram, Mastodon, and Trump’s Truth Social. Later in the day, the page on Twitter’s help site about the new “Policy for Promoting Alternative Social Media Platforms” was removed. Musk tweeted that the policy “will be modified to only suspend accounts when the *primary* purpose of that account is to promote competitors, which basically falls within the spam prevention rule.” Musk apparently used this new rule as a reason to suspend Washington Post technology columnist Taylor Lorenz’s account on Saturday, before it was restored a day later. (Musk has previously said Lorenz was temporarily suspended for “pre-surveying,” but said she hasn’t ganged up on anyone on Twitter or elsewhere.)
Musk is still the CEO of Tesla and SpaceX rockets. He is currently the second richest person in the world, after the value of his Tesla holdings declined in recent weeks, behind luxury brands mogul Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton.
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