Musk Will Resign As Twitter CEO After ‘Finding Someone Foolish Enough To Take Job’

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Elon Musk tweeted Tuesday night that he would step down from the CEO role at Twitter Inc. after finding a successor. This comes two days after he asked users whether he should step down — most respondents answered “Yes.” 

“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted. But the billionaire will still be running “the software & servers teams.” These are critical areas at the social media company to control product decisions. 

Musk’s tweet was in response to a Sunday night poll that asked users whether he should step down as head of the company. The survey attracted 17.5 million votes, with 57.7% of respondents voting “Yes.”

After suggestions were made that bots might have skewed the survey, an actual poll with real people conducted by Harris, a voter research company, found the opposite result, with 61% of respondents voting “Yes” for Musk to continue his crusade to liberate Twitter.

Musk had previously based decision-making at Twitter on “Polls.” And it appears he has kept his promise (so far).

On Sunday, Musk told 122 million Twitter followers that he had no successor in mind.

“No one who wants the job can actually keep Twitter alive,” he tweeted.

The news comes as Tesla investors complain that Musk’s chaos over at Twitter is impacting Tesla’s performance. Shares in the EV company have plunged more than 60% this year. On Tuesday alone, shares fell 8%. In premarket trading, shares are up more than 2% on the news.

In the future, Musk has also said voting on major policy decisions will only be done by paying Twitter Blue subscribers.

 

 

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