With Twitter user vote against Elton Musk running the place he’s annouced he’s looking for someone to do that for him….
He still owns the social media outfit….
Twitter will start lists how many hits a tweet gets….
Musk’s Tesla stock is down more tha 50% since he brought Twitter anothe reason he’s probably stepping aside….
Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform.
“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 wrote on Twitter.
Tesla Inc’s (TSLA.O) shares, which have lost about 60% of their value since Musk made the offer for Twitter back in April, rose about 1% on Wednesday.
Musk’s $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automaker Tesla, in which he is personally involved in production and engineering.
This is the first time Musk has mentioned stepping down as chief of the social media platform, after Twitter users voted for him to resign in a poll, which the billionaire launched on Sunday evening….
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