In an apparent response to a poll he launched that suggested users wanted him to step down, Elon Musk stated on Tuesday that he would resign as CEO of Twitter once he finds a replacement.
Since October 27, Musk has owned Twitter in full, sacked half of its employees, reinstated far-right figures, suspended journalists, and attempted to charge for services that were previously free.
"As soon as I find someone foolish enough to take the job, I will resign as CEO!" Musk stated in a tweet that he would then only manage Twitter's software and server teams.
In the poll that was released on Monday, 57% of respondents, or 10 million votes, supported Musk leaving the company just a few weeks after he bought it for $44 billion.
Musk has used the Twitter polls to make other decisions about the platform, like getting the account of former US President Donald Trump and other people who were suspended back.
He tweeted, "no one wants the job who can actually keep Twitter alive", mocking a report earlier this week that he was looking for someone to take over as Twitter's boss.
Analysts have pointed out that Tesla, Musk's electric car company, has seen a one-third drop in its stock price since he took over Twitter. Some analysts have even suggested that Tesla's board was trying to get Musk to leave Twitter.
On Tuesday, Wedbush analyst Dan Ives stated, "Finally a good step in the right direction to end this painful nightmare situation for Tesla investors".
Following the publication of his most recent poll, Musk had reiterated his warnings that the platform might fail
Policy By Poll?
Shortly after attempting to distance himself from yet another controversy, the unpredictable entrepreneur published a poll regarding his resignation.
Twitter users were informed on Sunday that they would not be able to promote content from other social media platforms.
However, a few hours later, Musk appeared to reverse course, writing that the policy would only suspend accounts whose "primary purpose is promotion of competitors" Even Twitter co-founder Jack Dorsey, who had supported Musk's takeover, was perplexed by the attempted ban, which sparked howls of disapproval.
"Advertisers have run for the hills and left Twitter squarely in the red ink, potentially on track to lose approximately $4 billion per year", analyst Ives stated.
Musk announced shortly after taking over the platform that it would charge $8 per month to verify account holders' identities. However, due to an embarrassing rash of fake accounts, he had to suspend the "Twitter Blue" plan. Since then, it has been relaunched.
Twitter laid off half of its 7,500 employees on November 4, after Musk stated that the business was losing $4 million per day.
Even though the former US president indicated that he had no interest in the platform, Musk also reinstated Trump's account and stated that Twitter would no longer work to combat Covid-19 disinformation.
As of late, he suspended the records of a few writers after whining some had distributed insights regarding the developments of his personal luxury plane, which he guaranteed could imperil his loved ones.
A portion of the suspended records have since been reactivated.
According to her spokesman, speaker Roberta Metsola, head of the European Parliament, sent Musk a letter on Monday inviting him to testify before the legislature.
The parliament has no ability to constrain Musk to turn up, and his reaction was not promptly known
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