Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform, according to Reuters.
“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Musk wrote on Twitter.
Musk’s $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric vehicle automaker Tesla Inc , in which he is personally involved in production and engineering, said Reuters report.
This is the first time Musk has mentioned stepping down as chief of the social media platform, after Twitter users voted for him to resign in a poll, which the billionaire launched on Sunday evening.
In the poll, 57.5% of around 17.5 million people voted “yes.” Musk had said on Sunday he would abide by the results. He has not provided a time frame for when he will step down and no successor has been named.
The poll results capped a whirlwind week that included changes to Twitter’s privacy policy and the suspension – and reinstatement – of journalists’ accounts that drew condemnation from news organizations, advocacy groups and officials across Europe, Reuters reported.
Wall Street calls for Musk to step down had been growing for weeks and recently even Tesla bulls have questioned his focus on the social media platform and how it might distract him from running the EV maker.
Musk has himself said he had too much on his plate, and that he would look for a Twitter CEO. He said on Sunday, though, that there was no successor and that “no one wants the job who can actually keep Twitter alive.”
Also Read: Unique relic model of Spielberg’s ET fetches USD 2.56 m at auction
Meanwhile, UPPL has fielded Nirmal Kumar Brahma for the Sidli Assembly seat.
Brahma is contesting the Assam Assembly by-polls for the first time.
Priyanka Chopra is seen sipping water from a glass held by Nick Jonas, while she…
The Manipur Government in the meantime has constituted sort of adhoc committees of 20 members…
Amid rising concerns about law and order in Tripura, the DGP states that crime is…
DGP Sharma, informed that the two accused have gone underground after the crime.