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Musk will step down as Twitter CEO; looks for ‘foolish enough’ replacement

The billionaire, who is also CEO of Tesla, recently lost a Twitter poll he started with a staggering 57.5 percent people asking him to step down

Twitter Elon Musk
Elon Musk. Image: Bloomberg

Elon Musk said he would step down as chief executive of Twitter the moment he finds ‘someone foolish enough’ as his replacement.

On Tuesday, Musk tweeted: “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.”

The billionaire, who purchased the microblogging site for $44 billion in October and has been in news on a daily basis for changing its policies, recently ran a poll asking if he needs to quit as Twitter’s CEO.

An overwhelming 57.5 percent of nearly 17.5 million people who voted, asked him to step down.

Musk has been so involved with the everyday running of social networking platform that many investors feel he is too occupied to run Tesla and SpaceX.

KoGuan Leo, an Indonesian billionaire who is also the third-largest individual shareholder of Tesla, recently tweeted asking Musk to step down as Tesla CEO, adding that the automobile company needs an executioner like Apple CEO Tim Cook.

Musk had said on Sunday he would abide by the results, but did provide any time frame for when he intends to step down.

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