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Previously, Elon Musk polled Twitter followers on whether he should continue serving as Tweeter CEO. Among the millions who cast votes, more than 57% said he should give up his position.
On tweeter Musk announced “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 also tweeted that “I’m in favor of a small spending bill to keep things running, but common sense suggests that it be the least amount required through the holidays. Railroading through a giant spending bill that almost no one has read is unlikely to be in the best interests of the people”.
The resignation of Musk as Twitter’s CEO is more complicated than it first appears. The tech tycoon recently met with a number of possible investors from Saudi Arabia and Qatar in a meeting that Jared Kushner, Donald Trump’s son-in-law, arranged. According to reports, the Saudis have agreed to invest in Twitter on the condition that Musk resign down as CEO.
Musk had already said on Sunday that it was challenging to find someone who could maintain Twitter. The problem is not hiring a CEO; the problem is finding a CEO who can keep Twitter running. He stated, “no one wants the job who can actually keep Twitter alive.”
Elon Musk quitting his position as CEO won’t necessarily signal a significant shift for the firm, at least not immediately. Instead, it will mean that he won’t be the one formally in charge.
Musk will effectively be making all of the decisions by managing the software and server teams; he will simply not appear to be in charge of the situation. However, whoever Musk chooses to be Twitter’s CEO may really end up being little more than a puppet or even a scapegoat if the company fails.