Elon Musk To Quit As Twitter CEO Once He Finds Someone ‘Foolish Enough’ As Successor

Elon Musk To Quit As Twitter CEO Once He Finds Someone ‘Foolish Enough’ As Successor

Published: December 22, 2022

Elon Musk has again said he will resign as the CEO of Twitter, adding he will step down as soon as he finds someone ‘foolish enough’ to take the job.

This is the first time the billionaire officially addressed the results of his poll, which saw almost 10 million users wanting him to step down.

Despite claiming that he will abide by the poll results, Musk decided to stay at the helm, at least for the time being. Whether he decides to limit policy-related polls to subscribers remains unclear.

According to David Faber, a CNBC reporter, Musk is “actively looking, asking, trying to figure out who the candidate pool might actually be.” Faber also notes that “a lot of different names” are already under consideration but declined to shed light on this matter.

The reporter also ruled out two rumored replacements in former T-Mobile CEO John Legere and the billionaire former Twitter CEO Jack Dorsey. Dorsey served as the CEO of the social media giant until October 2008, when he became chairman of the board.

Meanwhile, Twitter users aren’t the only ones calling for Musk to step down as head of the social network. Billionaire Leo Koguan, who claims to be the third largest Tesla investor in the world, said that Musk abandoned his duties at Tesla after his Twitter takeover.

Investors and analysts seem to think that Musk is stretched too thin following the acquisition of Twitter and that Tesla is suffering for it. He seems to be at crossroads of some difficult decisions he will have to make sooner or later, especially if the pressure from his investors' increases.

Subscribe to Spotlight Newsletter
Subscribe to our newsletter to get the latest industry news
"