Elon Musk says he will step down as Twitter CEO once he finds a replacement

Elon Musk announced on Tuesday that he will resign as CEO of Twitter when he finds his replacement, apparently honoring the result of the survey that he himself published where users rejected his continuity in command of the platform.

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Musk is the absolute owner of Twitter since October 27 and has repeatedly stirred controversy as CEO, such as firing half the staff or reinstating far-right figures to the platform and, most recently, suspending journalists’ accounts and trying to charge for services that were previously free.

“I will resign as CEO as soon as I find someone foolish enough to accept the position”Musk wrote on Twitter, saying that after that he will only take care of the programming and server teams at Twitter.

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In the results of a poll he posted on Monday from his own profile, the 57% of votersabout 10 million votes, spoke out in favor of Musk’s removal from office just weeks after buying the company for $44 billion.

Musk has used Twitter polls to make other decisions about the platform, including reinstating the account of former US President Donald Trump and other suspended users.

Earlier this week, he used the laughing emoji to ridicule a report that he was on the hunt for someone to take over Twitter, tweeting that “No one wants the work that can really keep Twitter alive. There is no successor.”

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Analysts have pointed out that The share price of Tesla, his electric car company, has plunged by a third since Musk acquired Twitterwith some suggesting that Tesla’s board of directors was pressuring him to resign from the social network.

“It is finally a good step in the right direction to end this painful nightmare for Tesla investors”Wedbush analyst Dan Ives said Tuesday.

In conversations with users after posting their most recent survey, Musk reaffirmed his warnings that the platform could face bankruptcy.

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A chain of controversies

The businessman published the survey on his resignation shortly after trying to wriggle out of yet another controversy.

On Sunday, Twitter users were told they could no longer promote content from other social networking sites.

However Musk reversed the decision hours later, writing that the policy would be limited to suspended accounts only if “the main purpose of these accounts is to promote competitors”.

The attempted ban drew disapproval and even puzzled Twitter co-founder Jack Dorsey, who has backed the Musk takeover.

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Analyst Ives believes that the “Advertisers have fled in terror, leaving Twitter in financial bloodshed, potentially on its way to losing an estimated $4 billion a year.”

Shortly after the announcement of the platform acquisition, Musk announced that the network would charge 8 dollars a month to verify accounts, but had to suspend the ‘Twitter Blue’ plan after an embarrassing wave of fake accounts. The show was later relaunched.

On November 4, Musk said the company was losing $4 million a day and Twitter laid off half of its 7,500 workers.

Musk too reinstated Trump’s account, despite the fact that the former US president said he had no interest in returning to the platform, and announced that Twitter would not continue working to combat misinformation about covid-19.

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In recent days, suspended the accounts of several journalists after claiming that some had published details about the movements of his private jet, information that he said could put his family at risk. Some of the suspended accounts have since been reinstated.

On Monday, the president of the European Parliament, Roberta Metsola, sent a letter to Musk inviting him to testify before European deputies, his spokeswoman said.

The European Parliament does not have the power to force Musk to attend and The businessman’s response is unknown at the moment.

Source: Elcomercio

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