Without cost real time breaking news alerts sent straight to your inbox enroll to our breaking news emails
Enroll to our free breaking news emails
Billionaire Elon Musk said he’ll step down as Twitter’s CEO after finding a successor for the job.
“I’ll resign as CEO as soon as I find someone silly enough to take the job,” he said in a tweet on Tuesday. “After that, I’ll just run the software and servers teams.”
His statement comes two days after a defeat in a poll where he asked Twitter users if he should quit as the top of the social media platform. “I’ll abide by the outcomes of this poll,” he had then said.
Greater than 17 million users participated within the poll held on Sunday, with 57 per cent voting “Yes”.
Following a transient silence on the loss, Mr Musk went on to query the results of the poll.
He said Twitter would restrict voting on significant policy decisions only to the paying Twitter Blue subscribers.
“Blue subscribers must be the one ones that may vote in policy related [sic] polls. We even have skin in the sport,” wrote a Twitter user.
“Good point. Twitter will make that change,” Mr Musk replied.
His poll got here on the heels of an uproar over a policy that barred users from linking to certain rival social media web sites, including Facebook, Instagram and Mastodon.
After facing backlash, the policy was reversed inside hours. “Going forward, there shall be a vote for major policy changes. My apologies. Won’t occur again,” he added.
Earlier on Monday, the Tesla and SpaceX boss said to Twitter followers that the person replacing him “must like pain loads” to run an organization that he said has been “within the fast lane to bankruptcy”.
“Nobody wants the job who can actually keep Twitter alive. There isn’t a successor,” Mr Musk had said.
The billionaire only took control of the platform two months ago, but his tenure has been turbulent.
A few of his actions have unnerved Twitter advertisers and users and turned each away from the platform.
The Tesla billionaire’s actions have included shedding half of Twitter’s workforce, letting go contract content moderators, disbanding a council of trust and safety advisers and suspending the accounts of several journalists who he accused of doxing.