Tech

Elon Musk said he would step down as Twitter CEO after finding ‘someone stupid enough’ to replace him


Elon Musk said on Tuesday that he would step down as chief executive of Twitter after finding a replacement, apparently in response to a poll he launched that showed users wanted him to resign.

musk fully owned Twitter since October 27 and has repeatedly caused controversy as CEO, fired half of his staff, brought far-right figures back to the platform, suspended journalists and tried to charge for previously free services.

“I’ll resign as CEO as soon as I find someone stupid enough to take the job!” Musk tweeted, saying he would then only run the software and server teams at Twitter.

In poll results posted on Monday, 57% of voters, or 10 million votes, supported Musk’s resignation just weeks after he took ownership of the company for $44 billion (about 3,37,465). Rs.).

Musk used Twitter polls to make other decisions on the platform, including reinstating the accounts of former US president Donald Trump and other suspended users.

Earlier this week, he used a smiling emoji to mock a report that he was looking for someone to take over as Twitter’s boss and tweeted that “no one wants the job that can really keep Twitter alive.”

Analysts have pointed out that the share price of his electric car company Tesla has fallen by a third since Musk took over Twitter, and some argue that the company’s board Tesla is pressuring him to step down from his Twitter role.

“There’s finally a step in the right direction to end this painful nightmare for Tesla investors,” said Wedbush analyst Dan Ives.

In discussions with users after posting his latest poll, Musk reiterated his warnings that the platform could be on the verge of bankruptcy.

Policy by poll?

The unpredictable businessman posted his resignation poll shortly after trying to escape another controversy.

On Sunday, Twitter users were told that they would no longer be able to promote content from other social networking sites.

But Musk appeared to have reversed course hours later, writing that the policy would be limited to suspending an account when “the primary purpose of that account is to promote a competitor.”

The ban attempt sparked boos and even stunned Twitter co-founder Jack Dorsey, who has backed Musk’s takeover.

Analyst Ives noted that “advertisers who ran away and left Twitter in the red could potentially lose about $4 billion a year.”

Shortly after taking over the platform, Musk announced that it would charge $8 (about Rs 600) per month to verify the identity of the account holder, but he had to put the “Twitter Blue” plan on hold. after a series of embarrassing fake accounts. It has been relaunched.

On November 4, when Musk said that the company was losing $4 million (about Rs. 33 crore) a day, Twitter laid off half of its 7,500 employees.

Musk also restored Trump’s account – although the former US president said he was not interested in the platform – and said Twitter would no longer work to combat misinformation about Covid-19.

In recent days, he has suspended the accounts of several journalists after complaining that some had published details of the movements of his private jet, which he said had endanger his family.

Some suspended accounts have been reactivated.

On Monday, the head of the European Parliament, speaker Roberta Metsola, sent a letter to Musk inviting him to testify before the legislature, her spokeswoman said.

Congress does not have the power to force Musk to appear, and his response was not immediately known.


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