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Elon musk will resign as CEO of twitter once replacement is identified

Elon musk will resign as CEO of twitter once replacement is identified

Elon Musk has stated he will leave as Twitter’s chief executive officer when he finds someone “foolish enough to take the position”.
The billionaire had committed to follow the results of a Twitter poll in which 57.5% of users voted “yes” to his leaving the post.
He claims he will continue to lead the software and server teams until a replacement is identified.
Changes to the platform following his takeover have been widely panned.
Since purchasing the social media site in October, Mr. Musk has fired around half of its employees and attempted to push out Twitter’s paid-for verification function before putting it on hold.
Last week, the function was relaunched.

Civil rights organizations have also criticized his approach to content moderation, accusing him of encouraging hate speech and misinformation.
The United Nations and the European Union criticized Mr. Musk on Friday for Twitter’s move to suspend several journalists who cover the social media company.
The United Nations declared that media freedom was “not a toy,” while the European Union threatened Twitter with sanctions.
This is the first time the multibillionaire has answered the Sunday poll asking whether he should resign. According to Mr. Musk, finding someone to take over the social media network may be difficult. Some predict that Twitter co-founder Jack Dorsey may return to lead the company. He will step down as CEO in November 2021.
Sheryl Sandberg, Facebook’s former chief operating officer, Sriram Krishnan, an engineer and close associate of Mr. Musk, and Jared Kushner, Donald Trump’s son-in-law, have also been touted as prospective successors.
For weeks, investors have urged Mr. Musk to step down as CEO of the social media network, claiming that he has been distracted from running Tesla efficiently.
The electric car company’s stock has dropped more than 65% in the last year.
Mr. Musk sold billions of dollars in Tesla stock to help fund his purchase, which sent the stock down.

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