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Tycoon Elon Musk, the sole owner of Twitter, said Tuesday he would resign from his position as executive officer when he finds someone to replace him, and after that he will only be in charge of directing the software teams and server management.
True to his style, he said in a tweet that he would step down as head of Twitter “as soon as he finds someone crazy enough to take that position,” without elaborating.
On Sunday he launched a poll in his account in which he asked users to vote on whether he should continue as CEO: in 12 hours 17 million users voted and 57 percent asked him to leave the position, but there is no record that those votes represent real people and are not “bots” or fake profiles.
Several media reported today that Musk was actively looking for a possible executive director, and economic media outlet CNBC specified that this search did not begin on Sunday, but many weeks ago, apparently without much success.
It is unknown if the search is being carried out inside or outside the company, which has been severely undercapitalized in human resources after Musk toppled the previous management, fired about half of the employees and then left hundreds more.
In June, before the purchase of the network was formalized, Musk had already said he would lead the company for “a few months,” although that promise seemed difficult to keep given the interest Twitter caused in him since his arrival and his extreme personal involvement in its course.
So much so that the investors and senior executives of Tesla —Musk’s other great company and the source of his great fortune— had already been asking him more or less openly for several weeks to appoint an executive director for Twitter, since it took up a lot of time for him to attend to his other business.
And it wasn’t just a matter of timing: To offset Twitter’s losses, Musk has sold two large blocks of Tesla stock between November and December, worth $3.65 billion and $3.9 billion, respectively.
The losses are mainly due to the flight of advertisers, a symptom of his concern about the ups and downs of the company due to Musk’s continuous changes of opinion, and they are so serious that the millionaire said yesterday that the company “is going straight to bankruptcy” if no one fixes it.
A large part of advertisers have abandoned Twitter because they consider the network has been filled with extremist profiles and hate speech, while Musk, who proclaims himself an absolutist of “free speech” has exercised censorship against several critical journalists.
He canceled their accounts with him, although he later accepted them again after launching another poll about his return.