The Morning After: Elon Musk says he'll step down as Twitter CEO

The Morning After: Elon Musk says he'll step down as Twitter CEO
By: Engadget Posted On: December 21, 2022 View: 59

Twitter news whiplash continues. Elon Musk has said he’ll step down as CEO of Twitter once he’s found a suitable replacement. You might remember Musk ran a poll at the weekend asking if he should leave the role, and the Twitter-using public overwhelmingly told him, well, yes. There was no immediate response to the results of the poll, but by late Tuesday, after suggesting he might change it so only paying users could vote, he seems to be acting on the result. According to his tweet, Musk plans to stay on and run the software and server teams.

The job as Twitter CEO will be viewed by many as a poisoned chalice. Roughly 70 percent of the staff have either been laid off or quit, hate speech and trolls have thrived and many advertisers have dropped or reduced their advertising spending. On top of all that, the company is also now facing increasing pressure from the US government.

– Mat Smith

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