Elon Musk is actively searching for a new CEO for Twitter, CNBC reported, after he polled users about whether he should relinquish his role
to submit all future policy decisions to a vote and offered Twitter users a choice on leadership, asking them if he should step down from the top leadership position at the company he bought in October for $44 billion.
Musk’s dramatic offer came shortly after he attended the World Cup final match in Qatar, triggering a wave of trending topics such as “VOTE YES” and “CEO of Twitter.” He didn’t identify an alternative leader and went so far as to say anyone capable of doing the job wouldn’t want it. Musk has warned that Twitter is at risk of bankruptcy and instituted a “hardcore” work environment for the remaining workers after a drastic cutback in staff. In his less than two months at the helm, he has spooked advertisers, alienated Twitter’s most ardent creators and turned the service from a reflection of the news of the day into the main topic.December 18, 2022
After losing the initial poll, Musk, who’s also chief executive officer of Tesla Inc., retweeted promotional material for the car company and for Twitter’s Blue for Business service. He also responded to an article about rival Toyota Motor Corp.’s criticism of electric vehicles with a simple “Wow.” The stock of Tesla, by far Musk’s most valuable holding, has plummeted since the Twitter acquisition and critics have argued he’s spending too much time on the social media company. The shares were down 5.1% at 11:42 a.m. in New York.
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