Sponsored By

Twitter CEO Elon Musk to ResignTwitter CEO Elon Musk to Resign

The maverick billionaire lost an online poll asking if he should step down

Deborah Yao

December 21, 2022

2 Min Read

Soon after he began his reign, it was over.

After nearly two topsy-turvy months as Twitter’s CEO, Elon Musk tweeted that he would be stepping down “as soon as I find someone foolish enough to take the job!” In his future role, he will run the software and server teams.

The founder of Tesla and SpaceX made the decision days after he asked Twitter users if he should resign. More than 17 million responded (including this author).

View post on Twitter

Musk acquired Twitter in late October for $44 billion and took over as CEO. Since then, he has fired about half the company’s employees, including most of senior management, zigzagged on content moderation policies (banning and then unbanning the same accounts), and saw major companies pause their advertising – notably Apple.

Further, Musk released what he deemed as an expose on how Twitter censors content on its platform. He reinstated former President Trump’s account, which Twitter removed in January 2021 due to the “risk of further incitement of violence.”

Musk also banned certain journalists’ Twitter accounts for purportedly relaying information that can be used to track his and his family’s locations in real time. The EU then threatened sanctions for violating its Media Freedom Act. (The accounts were reinstated a day later.)

Related:Musk Acts to Stem Turmoil at Twitter

Following Musk’s seemingly erratic decision-making at Twitter, former T-Mobile CEO John Legere offered to step in. Musk declined.

View post on Twitter

Legere famously turned around a struggling T-Mobile, who had been languishing as a distant fourth wireless carrier in the U.S., after AT&T, Verizon and Sprint. Under Legere, T-Mobile overtook Softbank-owned Sprint and later merged with the telecom carrier to cement itself as a solid no. 3.

CNBC’s ‘Mad Money’ host Jim Cramer also thought Legere should step in.

View post on Twitter

But Legere has lost interest and it remains unclear who will replace Musk - and when.

View post on Twitter

About the Author(s)

Deborah Yao

Editor, AI Business

Deborah Yao is an award-winning journalist who has worked at The Associated Press, Amazon and the Wharton School. A graduate of Stanford University, she is a business and tech news veteran with particular expertise in finance. She loves writing stories at the intersection of AI and business.

Keep up with the ever-evolving AI landscape
Unlock exclusive AI content by subscribing to our newsletter!!

You May Also Like