Elon Musk says he will quit as CEO of Twitter, but won't sell the company

He will remain as general manager until a replacement is found.

Elon Musk has said he will step down as CEO of Twitter once a suitable replacement is found. On Sunday, he conducted a poll asking if he should quit, and the public using Twitter overwhelmingly told him to leave. He didn't immediately respond to the poll results, but on Tuesday he appeared to have accepted the people's will, after initially suggesting he might change it instead so that only paying users can vote in Twitter polls. p >
Of course, there's no timeline yet for Musk to hand over the reins. And as his Tweet says, you'll have to find "someone dumb enough to take the job." Following a chaotic string of bad press and the gutting of its staff, it could be difficult to attract high-quality candidates for the job. But the bar has been set extremely low under Musk's tenure, and a simple face change at the top could do a lot to improve Twitter's image in the short term.

Of course, it's possible that the change is largely cosmetic. Musk tweeted that he plans to stay and lead the software and server teams. And there are no signs he plans to sell the company, which he bought in October for $44 billion and quickly took private. It is therefore clear that he plans to continue to be involved in the operation of the company, but it is not known how much.

It's hard to imagine the bold businessman who put on a major show by firing Twitter's entire management team and disbanding the board when he took over, stepping down just at this point. But he also, during his short reign, let the whim of the polls make several major decisions.

Regardless of who ultimately takes over as CEO, he will take over a company that is almost unrecognizable from just a few months ago. Around 70% of staff have been fired or resigned. Advertisers fled the platform as hate speech and trolls flourished. And content moderation and security efforts have stalled completely. The company is also facing increasing pressure from

Technology Dec 21, 2022 0 37 Add to Reading List

Elon Musk says he will quit as CEO of Twitter, but won't sell the company

He will remain as general manager until a replacement is found.

Elon Musk has said he will step down as CEO of Twitter once a suitable replacement is found. On Sunday, he conducted a poll asking if he should quit, and the public using Twitter overwhelmingly told him to leave. He didn't immediately respond to the poll results, but on Tuesday he appeared to have accepted the people's will, after initially suggesting he might change it instead so that only paying users can vote in Twitter polls. p >

Of course, there's no timeline yet for Musk to hand over the reins. And as his Tweet says, you'll have to find "someone dumb enough to take the job." Following a chaotic string of bad press and the gutting of its staff, it could be difficult to attract high-quality candidates for the job. But the bar has been set extremely low under Musk's tenure, and a simple face change at the top could do a lot to improve Twitter's image in the short term.

Of course, it's possible that the change is largely cosmetic. Musk tweeted that he plans to stay and lead the software and server teams. And there are no signs he plans to sell the company, which he bought in October for $44 billion and quickly took private. It is therefore clear that he plans to continue to be involved in the operation of the company, but it is not known how much.

It's hard to imagine the bold businessman who put on a major show by firing Twitter's entire management team and disbanding the board when he took over, stepping down just at this point. But he also, during his short reign, let the whim of the polls make several major decisions.

Regardless of who ultimately takes over as CEO, he will take over a company that is almost unrecognizable from just a few months ago. Around 70% of staff have been fired or resigned. Advertisers fled the platform as hate speech and trolls flourished. And content moderation and security efforts have stalled completely. The company is also facing increasing pressure from