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regular-article-logo Thursday, 28 November 2024

Elon Musk actively searching for new Twitter CEO

Musk, who acquired the company for $44 billion in October, has previously said his position as CEO would be temporary

Reuters Published 20.12.22, 08:52 PM
Elon Musk

Elon Musk File picture

Billionaire Elon Musk is actively searching for a new chief executive officer for Twitter Inc, CNBC reported on Tuesday, citing sources.

Twitter did not immediately respond to a Reuters request for comment.

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Musk, who acquired the company for $44 billion in October, has previously said his position as CEO would be temporary. In court in November, Musk said, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.”

However, on Sunday, he wrote in a tweet that “there is no successor.”

“The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” he wrote.

The billionaire posted an informal poll Sunday asking Twitter users if he should step down as head of the company, and a majority of the 17 million respondents voted for Musk to leave his post. He said Sunday he would abide by the results of the poll.

Twitter polls are straw polls, which means they are not comparable to professional public opinion research. Malicious bots or inauthentic accounts may also be able to register a response to a Twitter poll.

Musk’s Twitter takeover has been rocky, as his leadership has resulted in massive staff cuts, a spike in racist hate speech, advertisers fleeing or slashing their spending on the platform, as well as the reinstatement of previously banned accounts.

The “Chief Twit,” as Musk has previously called himself, claims that Twitter usage has reached an all-time high since he took over, and that hate speech impressions have fallen.

The billionaire’s management of Twitter has raised concerns about his other ventures.

Musk has sold billions of dollars worth of Tesla shares this year to finance the Twitter takeover. He has also pulled in talent from Tesla, SpaceX and Boring Company, including executives, engineers and attorneys, to assist him at Twitter.

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