Business

Elon Musk: ‘I will resign as CEO’ on Twitter


Apparently, Elon Musk abides by the decree of Twitter users. Musk tweeted Tuesday that he would step down as head of Twitter after finding a suitable replacement. This follows a Twitter owner poll published on Sunday in which he asked users if he should step down as head of Twitter. Over 57% voted in favor of Musk’s resignation.

“I will resign as CEO as soon as I find someone stupid enough to take the job!” musk tweeted to his 112.5 million followers on Tuesday. “After that, I’ll just manage the software and server teams.”

Over 17.5 million people voted in Musk’s poll. Twitter overall had about 238 million daily users at the end of June.

The billionaire, who also heads car maker Tesla and rocket maker SpaceX, has a history of reversing decisions soon after announcing or implementing them.

The sudden announcement of intent to step down from the top job at the beleaguered social network comes nearly two months after Musk’s takeover. Under his leadership, Twitter has faced massive layoffs, lawsuits from former employees, spending pullbacks from advertisers, abrupt policy changes and international outrage after it removed journalists and other high-profile users. Before Musk closed the deal to buy Twitter in October it was reported that he only planned to be CEO for a few months before handing over the reins.

Musk’s time as head of Twitter has so far been marked by new policies that have sparked backlash among the platform’s users and advertisers. In October Twitter briefly starts a function which allowed users to pay $8 to earn a “blue check” confirmation. It was quickly taken advantage of by trolls who created accounts posing as companies like Nintendo and Coke. In perhaps the most famous example, pharmaceutical company Eli Lilly saw its stock plummet after a fake Twitter account tweeted, “Excited to announce that insulin is now free.”

He followed that up last week by suspension of accounts for reporters from publications that have been critical of his leadership, including The Washington Post, The New York Times and CNN. They were reinstated after Musk polled users, nearly 59 percent of whom voted to lift the suspensions immediately.

Twitter also suspended over two dozen accounts on the site, which uses publicly available flight information to track the location of private jets. Musk accused the account of providing “assassination coordinates” by tracking the movements of his private jet and linked it to an alleged stalking incident that took place in Los Angeles. The Washington Post reported Sunday that police had not specified a relationship.

After a series of dramatic policy changes for which Musk appeared to apologize on Sunday, he promised there will be a vote on all major changes move forward.




#Elon #Musk #resign #CEO #Twitter

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button