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Elon Musk to step down as Twitter CEO

Twitter owner Elon Musk confirmed on Tuesday evening that he will step down as the company’s CEO, but only when he finds a successor, directly addressing for the first time a Twitter poll he created this week in which millions of users voted for his ouster.

In a tweet, Musk said he would resign “as soon as I find someone foolish enough to take the job!”

He added that following his resignation as CEO, Musk would “run the software & servers teams” at Twitter, indicating he may continue to exercise significant influence on the company’s decision-making.

The announcement comes after more than a day of silence about the poll following its outcome.

On Monday, after more than 17 million users had voted 57.5% of whom said Musk should resign the billionaire executive addressed the results only indirectly.

He suggested that future Twitter polls could be restricted to paid users of Twitter Blue, the company’s subscription service.

Musk’s brief tenure as CEO has resulted in sweeping, occasionally erratic shifts at one of the world’s most influential social media companies.

Under his leadership, Twitter has laid off the majority of its staff, alienated major advertisers, welcomed former President Donald Trump back to the platform after his suspension in the wake of the January 6 Capitol riots and released internal communications to journalists about Twitter’s operations before Musk took ownership of the company.

Musk forced remaining employees to take a pledge to become “extremely hardcore” in their work and stopped enforcing Twitter’s policy against Covid-19 misinformation.

Growing criticism of Musk culminated in Sunday’s poll that served as an effective, if unscientific, referendum on Musk’s handling of the company since he closed his purchase of Twitter in late October.

Writing by Tersoo Nicholas