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A billionaire who bought Twitter is considering stepping away from the platform

1 min read
A billionaire who bought Twitter is considering stepping away from the platform
(Image Credit: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)

Due to having only recently taken over as CEO of Twitter and enacting seismic changes, Elon Musk says he plans to cut his time there and find a new CEO.

According to Reuters and other media sources, Musk told a Delaware judge that he expects to “reduce my time at Twitter and find somebody else to run Twitter over time.” This is something he has also told investors, stating that his tenure as CEO of Twitter is only temporary.

Musk has made headlines for each new business move since acquiring Twitter for $44 billion, including mass layoffs and prioritizing Twitter Blue, which now comes with a verified check mark (remarked as “Official”) for subscribers.

These actions were followed by additional reports, such as the inefficient manner in which Twitter employees were informed of their layoff and how the Twitter Blue feature was immediately used to impersonate official Twitter accounts for jokes.

Despite being CEO of several companies, Musk has stated that he does not want to be CEO of any of them. This includes his businesses such as Tesla and SpaceX. In both cases, however, Musk told the judge that he sees his role as one of facilitating new technology, whereas the CEO title is more of a business role.

Musk was testifying about whether Tesla’s board of directors acted appropriately when it offered Musk a $52 billion pay package.

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