The billionaire Elon Musk announced on Tuesday that he will stand down as Twitter Inc.’s CEO once he finds a replacement, although he will continue to oversee some crucial departments of the social media network.
“As soon as I find someone naive enough to accept the position of CEO, I will step down from it! I will then only be in charge of the software and server teams “Musk tweeted something.
Some investors have questioned whether Musk is too distracted to properly run his electric vehicle automaker Tesla Inc (TSLA.O), in which he is personally involved in production and engineering. Musk’s $44 billion takeover of Twitter in October has been marked by chaos and controversy.
After Twitter users chose for him to stand down in a poll that the billionaire started on Sunday night, Musk has now publicly acknowledged leaving his position as the social media platform’s CEO for the first time.
17.5 million individuals participated in the poll, and 57.5% of them chose “yes.” Musk had declared on Sunday that he will follow the outcomes. He has not specified a date for his resignation, and no replacement has been named.