Elon Musk confirms he will resign as Twitter CEO

 December 21, 2022

Twitter owner Elon Musk confirmed Tuesday that he will resign from being the social media company's CEO following the results of an online poll.

The eccentric billionaire said he is still waiting to find someone "foolish enough" take over his role.

Elon Musk stepping down

The announcement came after 17 million Twitter users weighed in on whether Musk should step down, with 57 percent saying "yes."

Even if he steps aside, Musk would still be Twitter's owner, and he said that he would remain overseer of the software and server teams.

“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,” Musk tweeted.

Poking the beast

Musk, who also runs Tesla and SpaceX, has come under fire from critics who say he hasn't made running Twitter a full-time commitment and that the site is being overrun with "hate speech" and "misinformation."

The Biden White House has ominously warned that they are "keeping a close eye" on Musk's dramatic reforms at the company, which had been a critical asset of the Democratic party prior to Musk's takeover.

Musk has been releasing internal documents, known as the Twitter files, exposing partisan censorship under the company's previous owners, who permanently suspended former President Trump while keeping close contacts with the FBI.

Many right-wing accounts including Trump's have been reinstated since Musk took over. While the right has cheered Musk as a champion for free speech, his tenure has sparked outrage on the left, where Musk is seen as a privileged "troll" who thrives on chaos.

No successor?

As the Daily Caller notes, Musk had previously said he did not plan to serve as CEO for more than a few months. But Musk has since expressed skepticism that someone else willing and able to do the job can be found.

"No one wants the job who can actually keep Twitter alive. There is no successor," he wrote.

Musk warned computer scientist and podcaster Lex Fridman, who volunteered to run the company, that Twitter is on the verge of bankruptcy.

"You must like a lot of pain," he said. "One catch: you have to invest your life savings in Twitter and it has been in the fast lane to bankruptcy since May. Still want the job?"

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