Elon Musk is planning on stepping back in a massive way.
It’s going to make a huge change.
Elon Musk released a shocking announcement on his retirement.
On Tuesday Twitter CEO Elon Musk said that he is going to step down as Twitter’s CEO as soon as he finds a replacement.
On December 18th Musk tweeted asking whether he should step down as CEO in a poll.
“Should I step down as head of Twitter?” Musk asked. “I will abide by the results of this poll.”
Over 17 million people voted, with 57.5% of Twitter answering “Yes,” and 42.5% voting “No.”
Musk posted on Twitter at the same time, “As the saying goes, be careful what you wish, as you might get it.”
Musk said in a separate tweet, “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive.”
After the poll’s result Musk gave an update on Tuesday.
“I will resign as CEO as soon as I find someone foolish enough to take the job!” he tweeted. “After that, I will just run the software & servers teams.”
Musk posted the poll after the Twitter CEO had faced enormous backlash Sunday for a new policy that bans users from promoting their other social media accounts on different platforms.
“We recognize that many of our users are active on other social media platforms. However, we will no longer allow free promotion of certain social media platforms on Twitter,” the company said in a statement. “Specifically, we will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames for the following platforms: Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr and Post.”
Twitter said that it would “remove any free promotion of prohibited 3rd-party social media platforms, such as linking out (i.e. using URLs) … or providing your handle without a URL” to their competitors’ platforms or to “3rd-party social media link aggregators such as linktr.ee, lnk.bio.”
“Going forward, there will be a vote for major policy changes,” Musk tweeted. “My apologies. Won’t happen again.”
He then posted the poll which asked Twitter users whether they wanted him to step down as CEO.
There has been a huge amount of speculation on who will replace Musk to become Twitter’s new CEO.
“The most obvious potential candidates for a new Twitter CEO are the Musk lieutenants who have been helping to run the company since his takeover. The short list likely includes investor Jason Calacanis, Craft Ventures partner David Sacks and Sriram Krishnan, an Andreessen Horowitz general partner focused on crypto and Twitter’s former consumer teams lead.” CNN reported.
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