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Home TechX World

Elon Musk, CEO of Twitter; may be stepping down

Techx Editor by Techx Editor
December 19, 2022
in TechX World
Reading Time: 2 mins read
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Elon Musk, CEO of Twitter; may be stepping down

The term “electronic commerce” refers to the sale of electronic goods. The CEO recently posted a poll on Twitter, asking if he should step down and that he would abide by the results.

With only 5 hours until the poll closes, it is currently leading with positive votes. More than 12 million people have voted already.

Since Musk has kept his word on all previous polls, it is safe to assume that his tenure as Twitter CEO is coming to an end.

Elon Musk, CEO of Twitter; may be stepping down

According to reports, Musk intended to serve as Twitter’s CEO only temporarily. He announced just one month ago that he would hire someone to lead the company.

Musk stated that the company has been “on the fast track to bankruptcy since May” and that “the problem is not finding a CEO, but finding one who can keep Twitter running.”

Despite being under fire for his #TwitterFiles journalist ghosting his pleas for a public response, Musk may be willing to sell his expensive toy to someone else for a while.

While Musk did not mention it in his tweets, the fact that Tesla’s stock has dropped to $150 per share (a drop of nearly 50% from last year) is clearly looming over this recent Twitter incident. Musk also fell to second place on Forbes’ list of the world’s wealthiest people.

Tesla’s third-largest individual investor, self-proclaimed Musk fanboy KoGuan Leo, tweeted earlier this week that Elon had “abandoned Tesla” and that Tesla needed a new CEO, according to news source.

To read our blog on “Musk promises to reinstate accounts for recently suspended journalists,” click here

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