Elon Musk Confirms He'll Resign As Twitter CEO

Elon Musk Confirms He’ll Resign As Twitter CEO

Elon Musk announced that he would resign as the CEO of Twitter as soon as he finds someone “foolish enough” to succeed him.

In a tweet on Tuesday, Musk said “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”

This comes just two days after he launched a poll on Sunday asking if he should step down as head of the company.

The poll ended Monday morning, with 57.5% of voters saying he should step down and 42.5% saying he shouldn’t.

“I will abide by the result of this poll. As the saying goes, be careful what you wish, as you might get it,” Musk shared Sunday night. He later added: “Those who want power are the ones who least deserve it.”

Musk has yet to identify a future successor, and floated the possibility that in November he might have to file for bankruptcy in order to pay back $13 billion in debt he borred from banks from the purchase.

He has seen his personal fortune decline since he bought the site, losing his title as the world’s richest man.

In less than two months since Musk bought Twitter for $44 billion and too it private, he has fired its top leadership team, gutted its staff, driven away major advertisers and unbanned accounts, including that of former President Donald Trump. His actions have raised concers about the future of the platfom.

However, despite the controversy Musk has stoked in lifting most of its existing rules against misinformation with commitment to “free speech,” lawmakers remain on the site. Many say there isn’t another social media platform with the equivalent reach to reporters and Washington insiders.

Musk, who has described himself as a “free speech absolutist,” apologized for the link policy, saying major changes wouldn’t happen at the company without a vote.

Three minutes later, he asked users whether he should resign.

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