Twitter, Elon Musk takes time before stepping down as CEO

All Elon Musk’s eclecticism and contradictions in one ad. “I will step down as CEO of Twitter as soon as I find someone crazy enough to take the job,” tweeted the owner of the social network and Tesla. The reason for this turnaround, just two months after taking over at the top of the company, can be found in the result of a referendum that he himself called on the platform and open to all users. The question posted on Sunday went something like this: “Should I step down as CEO of Twitter? I will stick to the results of this survey. Flaunting approval was a dangerous move, because then the promise had to be kept despite its cryptic messages trying to alert the public. Here are a few: “Be careful what you wish for, because you might have it,” or “Those who least want power deserve it,” but also “Nobody wants the job that could really keep Twitter alive. There is no successor”. Returning to the results, 57.5% of voters opted for the billionaire’s resignation, while the minority of 42.5% voted in favor of his permanence.

It is not known, or at least not fully understood, whether or not Musk regretted the acquisition of the social network. What is certain is that the Copernican revolution that was tried to be implemented, with the dismissal of top executives and a large part of the workers, did not have the desired effects. In fact, he even declared that Twitter is at risk of bankruptcy, registering losses of up to 4 million dollars a day. Which is why he was forced to ask for verified accounts to pay the blue check, with all the resulting controversy with the writer Stephen King. The icing on the cake was also the decision to reinstate Donald Trump on the social network, in an attempt to demonstrate the absolutely democratic nature of the social network. With the former US president himself who, at least for now, chose to stay out.

In any case, the full successor to Musk has already begun, who will continue to be the owner, barring any change in direction, which can be foreseen when talking about him. According to some rumors spread by the Financial Times, among the ideal candidates would be Sheryl Sandberg, former COO of Meta who turned the company into a digital advertising giant, and Sarah Friar, CEO of Nextdoor, former CFO of payments company Block, created by Twitter co-founder Jack Dorsey. So far, Musk’s Twitter adventure can be defined as anything but positive, but the tweet photos are always coming in.


Source: IL Tempo

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