Elon Musk announced on Tuesday that he will no longer be the CEO of Twitter after the negative result of a survey in which he asked users whether or not he should continue to deal with that social network, although he had planted a curious condition.
“I will resign as CEO as soon as I find someone foolish enough to accept the position.“, wrote the South African tycoon on Twitter, and clarified that after leaving that post he will only take care of the programming teams and servers.
Last Sunday evening he had written: “Should I step down as head of Twitter? I will stick to the results of this survey“. The registered publication 17.5 million votes: the final result showed that a 57.5 percent preferred their departure, while 42.5% supported its continuation. However, it is impossible to establish which percentage of those votes correspond to real people and which other to bots or fake profiles.
Several outlets reported that Musk was actively looking for a potential CEO. In this sense, the economic portal CNBC specified that that process didn’t start on Sunday, but many weeks agoapparently without much success.
It is not known whether the search was carried out inside or outside the companywhich was severely undercapitalized in human resources after Musk toppled previous management and fired about half of the employees, prompting hundreds more to leave voluntarily.
In June, before the purchase of the network was made official, Musk had already leaked that he would lead the company for “a few months”, although that promise seemed difficult to keep given the interest that Twitter had attracted in him since his arrival and his extreme personal involvement in its course.
Such is the case that Tesla Investors and Senior Executives -Musk’s other major company and source of his vast fortune- had already been asking him for several weeks to appoint an executive director for Twitter, since it was taking a long time to deal with his other businesses.
And it wasn’t just a matter of time: for coping with Twitter lossesMusk sold two large blocks of Tesla stock between November and December, valued at $3.65 billion and $3.9 billion, respectively.
The losses are mainly due to the flight of advertisers, a symptom of his concern for the company’s ups and downs due to Musk’s constant changes of opinion, and are so serious that the millionaire said that the company “goes straight to bankruptcy” if no one fixes it.
Controversy on Twitter since the arrival of Musk
The South African-born entrepreneur personally took over the reins of Twitter last October 27 after a controversial purchase deal of the social network by 44,000 million dollars.
Since then, several controversies have arisen with the dismissal of half of Twitter’s staff, the reintegration of far-right figures on the platform, the suspension of several journalist accounts and the attempt to charge for services that were previously free.
Analysts also noted that Tesla’s stock price has dropped by a third since Musk acquired Twitter.
“It’s hard to ignore the numbers since the deal closed (from Twitter)Investment expert Gary Black tweeted, saying he believed Tesla’s board was pressuring Musk to step down from his Twitter role.
With information from Télam and EFE.
IT
Source: Clarin
Linda Price is a tech expert at News Rebeat. With a deep understanding of the latest developments in the world of technology and a passion for innovation, Linda provides insightful and informative coverage of the cutting-edge advancements shaping our world.