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Dec 20 (Reuters) – Billionaire Elon Musk said on Tuesday he will step down as CEO of Twitter Inc once he finds a replacement, but will still lead some key divisions of the social media platform.

“I will step down as CEO as soon as I find someone stupid enough to take the job. After that, I’ll just run the software and server teams,” Musk wrote on Twitter.

Musk’s $44 billion takeover of Twitter in October was marked by chaos and controversy, with some investors questioning whether he was too distracted to properly manage his electric car company Tesla Inc ( TSLA.O ), which he personally involved in production and production. engineering.

It’s the first time Musk has hinted at stepping down as head of the social media platform after Twitter users voted for his resignation in a poll the billionaire launched Sunday night.

As a result of the survey, 57.5 percent of about 17.5 million people voted “yes”. Musk said on Sunday that he would follow the results. He has not given a time frame for when he will step down, and no successor has been named.

The survey results capped a whirlwind week that included changes to Twitter’s privacy policy and the suspension and reinstatement of journalists’ accounts, which were condemned by news organizations, advocacy groups and officials across Europe.

Calls for Musk’s resignation have been growing on Wall Street for weeks, with even Tesla bulls recently questioning his focus on the social media platform and how it could distract him from running the electronics maker.

Musk himself said he had too much on his plate and that he would be looking for a CEO at Twitter. He said on Sunday, however, that there is no successor and that “nobody wants the job who can actually keep Twitter alive.”

Reporting by Anne Maria Shibu and Jubi Babu in Bengaluru; Editing by Sandra Mahler, Anne Marie Roantree, and

Our standards. Thomson Reuters Trust Principles.



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