Elon Musk, who owns Twitter, confirmed Tuesday night that he will step down as CEO of the company, yet just when he finds a replacement. This was the first time he directly addressed a Twitter survey he made this week in which millions of clients decided in favor of him to be fired.
Elon Reeve Musk FRS (/ˈiːlɒn/EE-lon; conceived June 28, 1971) is a business magnate and investor. He is the organizer, CEO and chief engineer of SpaceX; angel investor, CEO and item architect of Tesla, Inc.; proprietor and CEO of Twitter, Inc.; pioneer behind The Boring Company; fellow benefactor of Neuralink and OpenAI; and president of the philanthropic Musk Foundation. With an estimated total assets of around $164 billion as of December 13, 2022, primarily from his ownership stakes in Tesla and SpaceX, Musk is the second-wealthiest individual on the planet according to both the Bloomberg Billionaires Index and Forbes’ real-time billionaires list.
Musk said in a tweet, “I will resign as CEO as soon as I find someone foolish enough to take the job!
He also said that after he quit as CEO, Musk would “run the software and servers teams” at Twitter, which recommends he may still have a big say in how the company makes decisions.
After the survey’s outcomes were announced, nobody talked about it for over a day. On Monday, after in excess of 17 million individuals casted a ballot, and 57.5% of them said Musk ought to quit, the billionaire CEO didn’t directly talk about the outcomes. He said that Twitter surveys in the future might simply be available to individuals who pay for Twitter Blue, the company’s subscription service.
Musk’s survey asking clients if he ought to resign as CEO came after a gigantic backlash to Twitter’s unexpected suspension of several journalists who cover him, as well as Twitter’s decision to ban and then unban links to other social media platforms like Facebook, Instagram, and Mastodon, a fast-growing Twitter rival that has dramatically increased in size since October.
Musk’s brief time frame as CEO of perhaps of the most influential social medium companies on the planet has prompted big and sometimes strange changes.
Under his leadership, Twitter fired the greater part of its workers, switched off major advertisers, let previous President Donald Trump back on the platform after he was banned because of the Jan. 6 Capitol riots, and gave journalists access to internal emails about how Twitter functioned before Musk got it.
Musk made the remaining representatives sign a promise to work “very hardcore,” and he stopped enforcing Twitter’s policy against spreading false information about Covid-19.
In only a couple of days, Twitter introduced a paid verification feature that was quickly abused by fake accounts pretending to be verified by major brands, athletes, and other public figures on the platform.
Musk’s habit of making big changes to items based on little more than informal Twitter surveys has shown how he manages things on the fly and on the spot. However, this technique is getting increasingly more criticism from Twitter clients. Last week, Twitter banned a couple of journalists who expounded on Musk’s decision to ban an account that tracked his fly for good.
Growing criticism of Musk hinted at the survey on Sunday, which was great, if not scientific, vote on how Musk has run the company since he finished buying Twitter in late October.
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