Dec 20, 2022

Elon Musk at Twitter: Who could replace him as chief executive?

Elon Musk is considering his next steps after a Twitter poll asking if he should step down as chief executive. He had been serving as chief executive of both Twitter and payment firm Square and had been under pressure from investors, who felt Twitter was not getting the focus it needed while he was also running Square. Before officially taking charge of the company, Musk changed his Twitter profile to read "Chief Twit" and turned up to Twitter HQ in San Francisco carrying a sink, saying: "Let that sink in!". In his first email to Twitter staff, Musk warns that the "Economic picture ahead is dire" and adds: "Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn." Twitter users voted in favour of Musk stepping down as its chief executive after he ran a poll on his future, promising he would "Abide by the results".

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