The owner and CEO of Twitter, Elon Musk, is looking for a person who can take over the position of head of the social network. However, he does not find it, so he is in no hurry to resign, which he promised earlier.
Musk, who bought Twitter for $44 billion in October, has said his role as CEO will be temporary. In court in November, the billionaire said:
“I plan to reduce my time at Twitter and eventually find someone else to run the company.”
However, he tweeted on Sunday that “there is no successor”.
“The question isn’t finding a CEO, it’s finding a CEO who can support Twitter,” Musk wrote.
The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive
— Elon Musk (@elonmusk) December 18, 2022
Course
BUILDING BUSINESS PROCESSES
Learn how to implement business processes in line with new company goals.
REGISTER!
The billionaire released a poll on Sunday asking Twitter users whether he should step down as the company’s CEO, and a majority of the 17 million respondents voted for Musk to step down.
On Sunday, he said he would stick to the poll results. However, Elon later began to refer to the participation of bots in the voting and hinted that only the “chosen” – owners of the long-suffering Twitter Blue subscription – may participate in further polls.
Twitter voted to fire Elon Musk – the billionaire again talks about the “attack of bots” and prepares a new poll with paid admission Blue
Sources told CNBC that the search for a new CEO is ongoing and began even before the Twitter poll.
Musk has not been successful enough to manage the company since the acquisition: mass layoffs, buggy updates, not very clear account blocking/unblocking, and an exodus of advertisers from the platform. However, Elon himself notes that since he took over the social network, the use of Twitter has reached an all-time high.
Twitter’s mismanagement raises concerns about its other businesses. This year, Musk sold billions of dollars worth of Tesla stock to finance a takeover of the social network, and has brought engineers, lawyers and executives from Tesla, SpaceX and Boring Co. to work at the company.
Elon Musk sold another block of Tesla shares for $3.58 billion, and the market capitalization of the automaker fell below $500 billion for the first time in 2 years
On Monday, Sen. Elizabeth Warren, D-Mass., wrote to Tesla Chairman Robin Denholm, expressing concern that Musk and the board may have breached legal obligations to Tesla shareholders. Elizabeth, who has clashed with Musk in the past over a “wealth tax,” is asking the board to answer specific questions about Tesla’s misappropriation of resources and conflicts of interest stemming from Musk’s purchase of Twitter.
On Twitter Monday night, Musk wrote that “the United States has definitely been hurt” by Warren becoming a senator.
The United States has definitely been harmed by having her as a senator lol
— Elon Musk (@elonmusk) December 20, 2022
Earlier this month, NASA Administrator Bill Nelson asked SpaceX President and COO Gwynn Shotwell if Musk’s “significant attention” to Twitter could affect cooperation with the space agency. Nelson was assured that it was not.
