Elon Musk Confirms He'll Step Down As Twitter CEO

Elon Musk Confirms He’ll Step Down As Twitter CEO

December 21, 2022
Dom Challis

Last Sunday (18 Dec), Elon Musk created a poll on Twitter where he asked users if he should step down as CEO. The poll received 17.5 million votes and resulted in the answer Musk was most likely not hoping for.

Musk made it clear in his original tweet that he will “abide by the results of this poll” as to whether he should step down as the head of Twitter. It was a fairly close poll, but the people of Twitter spoke loud and clearly as 57.5% of users voted for him to step down.

After not acknowledging the results for a couple days, Musk responded with confirmation that he’ll still run the software and servers teams but he will step down after he finds someone “foolish enough to take the job!”

It’s unclear how impactful Musk stepping down as CEO will be as this won’t change the fact he owns the platform after acquiring it for £38.1 billion in October. 

Since his takeover, Musk has made Twitter a private company and will remain its proprietor even once he steps down as CEO.

While the forthcoming changes may seem unclear, we’re confident that Musk will honour his agreement to step down as CEO following the results of the poll. It was in November when Musk created another Twitter poll asking users if he should reinstate former President Donald Trump’s Twitter account. 

The poll received more than 15 million votes during its 14-hour poll lifespan and 51% respondents voted for Trump’s account to be reinstated. Shortly after the results, Musk did in fact reinstate the account – although Trump is yet to actually use his newly reinstated Twitter account. 

While Elon Musk’s Twitter era continues to prove entertaining, I’m sure we’re all curious how different the platform will look once Musk steps down as CEO.

For up to date news plus the top discounts & sales available – join our community at The Hoxton Trend

1