The owner of Twitter, Elon Musk, confirmed last Tuesday night that he will step down as CEO of the company, but only when he identifies a successor, finally giving answers to the poll he created this week on the social network, in which millions of users voted him out.
In a tweet, Musk said he would resign “as soon as he finds someone foolish enough to take the job!” He added that following his resignation as CEO, Musk would “run the software and server teams” at Twitter, indicating he could continue to exert significant influence on the company’s decision-making.
The announcement came after more than a day of silence following the result of Musk’s vote on his position on the social network. On Monday, after more than 17 million users voted – 57.5% said the billionaire should step down. After the results, the executive only made indirect references to the vote, suggesting that future Twitter polls could be restricted to paid users of Twitter Blue, the company’s subscription service.
Musk’s poll asking users whether he should step down as CEO came after a massive backlash to Twitter’s abrupt suspension of several journalists covering it of links to other social media platforms, including Facebook, Instagram and Mastodon, a fast-growing Twitter rival that has tripled in size since October.
Musk’s brief tenure as CEO resulted in radical and occasionally erratic changes at one of the most influential social media companies in the world. Under his leadership, Twitter has laid off most of its staff, had problems with big advertisers, welcomed former President Donald Trump back to the platform after his suspension following the January 6 Capitol riots, and released statements internal to journalists about Twitter’s operations.
Musk forced the remaining employees to commit to their work and stopped enforcing Twitter’s policy against Covid-19 misinformation. In a matter of days, Twitter launched, and then was forced to cancel the launch of, a paid verification feature that was instantly manipulated by satirical accounts posing as big verified brands, athletes and other public figures on the platform.
Mounting criticism of Musk culminated in Sunday’s vote, which served as an effective referendum on Musk’s handling of the company since he closed on Twitter in late October.
This article used as a source the writing by Brian Fung to the website CNN Business.
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