Musk looking for successor to head Twitter
2022.12.21 13:37
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Musk looking for successor to head Twitter
Budrigannews.com – On Tuesday, billionaire Elon Musk announced that he would resign from his position as CEO of Twitter Inc. after he hires someone else, but he will still be in charge of some important parts of the social media platform.
“As soon as I find someone foolish enough to take the job, I will resign as CEO! Musk wrote on Twitter, “After that, I will just run the software and servers teams.”
NASDAQ: Tesla On Wednesday, Inc.’s shares, which have lost about 60% of their value since Musk offered to buy Twitter in April, gained about 1%.
Chaos and controversy have surrounded Musk’s $44 billion acquisition of Twitter in October. Some investors have questioned whether Musk is too busy running Tesla, the electric vehicle automaker in which he is personally involved in production and engineering, effectively.
This is whenever Musk first has referenced venturing down as head of the web-based entertainment stage, after Twitter clients decided in favor of him to leave in a survey, which the extremely rich person sent off on Sunday night.
Graphic: Eyes out and about –
In the survey, 57.5% of around 17.5 million individuals casted a ballot “yes.” On Sunday, Musk had stated that he would accept the results. He hasn’t said when he’ll step down, and no one has been named as his replacement.
A hectic week that included changes to Twitter’s privacy policy and the suspension and reinstatement of journalists’ accounts, both of which were criticized by news organizations, advocacy groups, and European officials, culminated in the poll results.
Musk stated that Twitter was on track to be “roughly cash flow break-even” next year during an audio chat that took place on Twitter Spaces on Wednesday.
The projection was attributed by Musk to recent cost-cutting efforts at the social media platform.
Since a few weeks ago, calls on Wall Street for Musk to resign have increased, and even Tesla supporters have recently questioned his focus on the social media platform and whether it could cause him to lose focus on running the electric vehicle manufacturer.
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Musk has himself said he had a great deal for he to deal with, and that he would search for a Twitter Chief. However, he stated on Sunday that there was no candidate for the position and that “no one wants the job who can actually keep Twitter alive.”
