Elon Musk says he will step down as CEO of Twitter after finding a replacement

Elon Musk says he will step down as CEO
Elon Musk / Shutter Stock

After locating a suitable successor, Elon Musk has announced that he will be stepping down as CEO of Twitter.

In a tweet, Musk stated that the moment he finds an individual “stupid enough to take the job” of CEO, he will immediately step down and only manage software and server teams.

For the first time, Elon Musk has stated that he intends to resign from his role as Twitter’s head after users voted for him to do so in Sunday’s poll which was initiated by the business magnate.

For weeks now, Wall Street traders have been advocating for Elon Musk to resign his position. Recently, Tesla stock investors have questioned whether the billionaire’s excessive utilization of social media diverts him from properly leading electric car production; given his responsibility in directing product design and engineering pursuits.

Musk confessed that he has had his share of difficulties, expressing that he would find a CEO to take over Twitter. However, on Sunday Musk revealed there was no replacement and elucidated that “no one wishes for the responsibility to manage Twitter and make it viable.”