Elon Musk To Step Down As Twitter CEO, If Replacement Is Found
South African businessman and Elon Musk has announced he will step down as chief executive of Twitter Inc. once a replacement is found.
The announcement follows a poll in which Musk asked platform users whether he should stay in the position.
It resulted in 57.5% of the millions of votes saying he shouldn’t continue his role.
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Musk’s announcement came after weeks of controversy surrounding the social media platform, and a growing number of calls for his resignation.
Since he became CEO at the end of October, Twitter has seen a series of scandals surrounding mass layoffs, the restoration of Donald Trump’s account, the platform’s blue check marks, and most recently, the suspension of several high-profile US journalists.
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On November 4, with Musk saying the company was losing $4 million a day, Twitter laid off half of its 7,500-strong staff.
Musk also reinstated Trump’s account — though the former US president indicated he had no interest in the platform — and said Twitter would no longer work to combat Covid-19 disinformation.
In recent days, he suspended the accounts of several journalists after complaining some had published details about the movements of his private jet, which he claimed could endanger his family.
Some of the suspended accounts have since been reactivated.
On Monday, the head of the European Parliament, speaker Roberta Metsola, sent a letter to Musk inviting him to testify before the legislature, her spokesman said.
The parliament has no power to compel Musk to turn up, and his response was not immediately known