Billionaire Elon Musk had been looking for new leadership for Twitter even before the investigation into his resignation at the social network began, according to CNBC, many sources said.
It is unclear who will succeed Mr. Elon Musk if the billionaire steps down as CEO of Twitter. Photo: P.A.
“The problem isn’t finding a CEO, it’s finding a CEO who keeps Twitter alive,” he tweeted, according to Insider.
In November, billionaire Tesla said his role as Twitter CEO would be temporary and a successor would be gradually determined. However, on December 18, he confirmed there would be “no successor”.
Mr. Musk recently launched an investigation into whether to resign as head of Twitter. The results showed that more than 57% of the more than 17 million votes cast supported his resignation.
Elon Musk began the search for a new CEO for Twitter before he was investigated by the social network, multiple sources told CNBC.
On December 19, billionaire Elon Musk responded to users saying that only official accounts marked with a green checkmark will be able to participate in voting surveys on Twitter policy decisions in the future.
The acquisition of the social media company has raised concerns about his other businesses.
Last month, The Verge cited the minutes of a meeting between Elon Musk and employees in which he said he was selling Tesla stock to “save Twitter.” He said the company was going through a “tremendous revenue situation” and that the platform desperately needed to grow subscriptions due to the upcoming “severe downturn”.