HomeBusinessTechElon Musk says he'll step down as Twitter CEO

    Elon Musk says he’ll step down as Twitter CEO

    Date:

    Share post:

    - Advertisement -

    By Terrence O’Brien|@TerrenceOBrien

    Elon Musk has said that he will step down as CEO of Twitter once a suitable replacement can be found. On Sunday he ran a poll asking if he should step down, and the Twitter using public overwhelmingly told him to go. He didn’t immediately respond to the results of the poll, but by Tuesday he seemed to have accepted the will of the people, after originally suggesting that he might instead change it so that only paying users could vote in Twitter polls.

    Of course there’s no timeline for Musk to hand over the reins yet. And as his Tweet say’s it will require finding “someone fooling enough to take the job.” Following a chaotic string of bad press and the gutting of its staff it might be hard to attract high quality candidates to the position. But, the bar has been set exceedingly low under Musk’s tenure and just a simple change of face at the top could do a lot to improve Twitter’s image in the short term.

    Of course, there is a chance that the change could be largely cosmetic. Musk tweeted that he planed to stay on and run the software and server teams. And there’s no indication that he plans to sell the company, which he bought in October for $44 billion and quickly took private. So it’s clear that he plans to still be involved in the company’s operation, but it’s unclear just how much.

    - Advertisement -

    It’s hard to imagine the hard driving businessman who made a major spectacle of firing Twitters entire executive team and dissolved the board when he took over simply stepping aside at this point. But he has also in his short reign allowed the whim of polls to make several major decisions.

    Regardless of who eventually takes over as CEO, they’ll be taking over a company that is almost unrecognizable compared to just a few months ago. Roughly 70-percent of the staff has either been laid off or quit. Advertisers have fled the platform as hate speech and trolls have thrived. And the content moderation and safety efforts have completely stagnated. The company is also now facing increasing pressure from the government on a number of fronts.

    All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    In case you missed it..

    Related

    Elon Musk predicts that AI-backed ChatGPT will end homework, colleges are already worried

    By Abhik Sengupta AI research firm OpenAI's ChatGPT is capable of analysing complex text inputs and providing answers in...

    Twitter bows to Nigerian govt, agrees to open office in Nigeria

    The Federal Government on Wednesday said that Twitter has agreed to open its office in Nigeria in 2022. The...

    Twitter needs India and Nigeria to grow. It’s running into trouble in both

    By Diksha Madhok, (CNN Business) Twitter is under siege in two countries that are critical for its global growth...

    Twitter Ban: FG defiant as ECOWAS Court stops Nigeria from prosecuting users

    The Federal Government was defiant yesterday over its suspension of Twitter as the ECOWAS Court of Justice, Abuja,...