Elon Musk is vigorously looking for a new CEO of Twitter

Elon Musk is vigorously looking for a new CEO of Twitter. Report 2023

According to Reuters, CNBC reported on Tuesday that Twitter‘s billionaire CEO Elon Musk is searching for a replacement CEO. Only a few weeks after taking over as CEO of the social networking behemoth, People on Twitter opted on Monday to remove owner Musk in a referendum he organized and vowed to honor.

Musk, who also controls the automaker Tesla and also the rocket business SpaceX, said that Twitter will only let seeking to pay Twitter Blue customers to vote in polls linked to public policy on the day that users strongly favored his departure as the social media product’s CEO. The billionaire responded to a Twitter Blue user who argued that only subscribers ought to be able to participate in all policy polls by saying, “Nicely put. That will change on Twitter, “without specifying a date by which the alteration will become effective.

Over 17 million accounts, or about 57.5%, voted for him to resign. Before the poll was over, the millionaire from South Africa wrote, “The difficulty is not choosing a CEO. The problem is locating a CEO who can maintain Twitter alive.” In response to another tweet, he added: “Nobody wants the position of a true Twitter lifeguard. There is no heir apparent.”

Elon Musk lost his poll on whether or not to step down as CEO of Twitter and is now looking for a replacement, according to reports in the media on Tuesday. The news broke as Musk claimed that Twitter had been “paid millions of dollars by the US government to block information from the people.”

Even before publishing the poll on Sunday, Musk reportedly had been actively looking for a successor. The paper stated that the search has been “ongoing.”

Musk reversed course on Tuesday after being shocked by the results of his own Twitter poll, which suggested he should step down as CEO. He now says that only Blue members will be allowed to vote in any future election.

A staggering 57.5% of respondents to his Twitter survey said they wanted him to step down as CEO of the microblogging site. “Nobody wants a job that requires them to really maintain Twitter. No replacement exists, “On Sunday, he had remarked. Finding a CEO is not the issue; the problem is finding a President who can maintain Twitter’s operations.

Musk stated last month that he does not desire to lead any firm, whether it be Tesla or Twitter. In the short span of time, he has been in office, Musk has caused a number of issues, including one that Wedbush analyst Dan Ives called a “perfect storm.” “Advertisers have bolted for the woods and put Twitter solidly in the red ink,” he said, “possibly on course to lose almost $4 billion each year.”

Musk declared shortly after gaining control of the network that it would cost $8 per month to confirm users’ identities but was forced to halt the “Twitter Blue” scheme due to an embarrassing influx of phony accounts.

Twitter reactivated Twitter Blue sign-ups earlier this month; accounts for people will display a blue check, while charges for businesses and governments will display gold & gray check marks. The program has a monthly subscription fee of $8 for computers and $11 for Apple devices. On November 4, Twitter cut half its 7,500-person workforce after Musk said the firm was losing $4 mn daily.

Trump’s account was also restored by Musk, despite the fact that the previous US president claimed he had no interest in social media sites, and he declared that Twitter would no longer be used to counter Covid-19 misinformation.

He recently canceled the accounts of many journalists after claiming they had released information on his private jet’s activities, putting his family at risk. In a decision that attracted harsh criticism from the European Union and the United Nations, among others, CNN, The New York Times, and The Washington Post employees were all impacted.

The suspension of reporter Taylor Lorenz’s account, according to Washington Post executive editor Sally Buzbee, “further contradicts Elon Musk’s assertion that he intends to manage Twitter as a platform committed to free expression.” Some of the accounts that had been suspended have since been reinstated.

According to her spokeswoman, Roberta Metsola, the speaker of the European Parliament, invited Elon Musk to testify before the assembly in a letter on Monday.

The reaction from Musk was not immediately known, and the parliament lacked the authority to force him to appear. Due of the way the billionaire controls Twitter, questions have been raised about his other enterprises.

Musk sold stock of Tesla for billions of dollars this year in order pay for the purchase of Twitter. Also supporting him at Twitter are executives, engineers, and attorneys from Tesla, SpaceX, as well as the Boring Company. In addition to founding the Boring Company, Musk led Tesla and SpaceX as their CEO.

Sen. Elizabeth Warren, D-Massachusetts, expressed worry in a letter to Tesla board chair Robyn Denholm on Monday that Musk and the board could have broken their legal commitments to Tesla shareholders. The politician, who has previously argued with Musk about the merits of a wealth tax, urged the board to respond to specific inquiries on the alleged theft of Tesla funds and potential conflicts of interest brought on by Musk’s acquisition of Twitter.

Musk said in a tweet sent out late on Monday that Warren’s election to the Senate had “certainly hurt” the country. Requests for comment from a Warren representative did not immediately receive a response.

NASA Administrator Bill Nelson reportedly questioned SpaceX President & COO Gwynne Shotwell earlier this month whether Musk’s “distraction” at Twitter may harm SpaceX’s collaboration with the space agency. She allegedly told Nelson that it wouldn’t.