22 Dec, 2022

The Twitter owner recently held a poll putting his future as CEO in the hands of social media users.

Elon Musk Resigns as CEO of Twitter, Really?

It took time but Elon Musk finally kept his word. The whimsical and charismatic visionary will respect the results of the poll he himself organized on December 18. 

As he often does for important decisions, the billionaire asked Twitter users to vote on his future as CEO of the platform. The question was clear: should he step down as head of Twitter?

Voters had only two options: Yes and No. Nearly 18 million Twitter users had voted and 57.5% had opted for Yes. Musk had pledged to respect the results of the vote. 

But after the announcement of the result, the Techno King, as he's known at Tesla  (TSLA) - Get Free Report, did not seem to acknowledge the result.

Your Page!

Some 24 hours after the results, Musk decided to recognize the result and draw the consequences. He announced his resignation as CEO but will continue to oversee the engineering teams.

"I will resign as CEO as soon as I find someone foolish enough to take the job!" the billionaire announced on December 20. "After that, I will just run the software & servers teams."

He didn't say if he already had a few names in mind. But according to CNBC, the billionaire had embarked on the search for a successor long before he organized the poll.

The billionaire said on December 18 that: "No one wants the job who can actually keep Twitter alive, There is no successor."