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Home » News » Elon Musk hints at stepping down as Twitter CEO

Elon Musk hints at stepping down as Twitter CEO

Abimbola Fabunmi by Abimbola Fabunmi
5 months ago
in News, World
Reading Time: 2 mins read
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The new owner of Twitter, Elon Musk has hinted on stepping down as the chief Executive officer of the micro-blogging company after less than two months of acquiring the app.

The billionaire owner, Musk asked tweeps to vote a yes/no on whether he should remain the CEO of the micro-blogging site or not, promising to abide by the polls result.

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His tweet reads  “Should I step down as head of Twitter? I will abide by the results of this poll.” 

As of Monday morning, with about six hours to the end of the poll, “Yes” was winning by a margin of 56.3% to 43.7%.

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Musk has been having it rough in some decision-making process since his emergence as the new owner of the blue app.

After buying the company for $44 billion from its former CEO, Jack Dorsey, Musk began to make some controversial changes to the company’s policy and personnel.

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He sacked several of Twitter’s top executives and half of the company’s staff immediately after becoming its CEO, and announced a stop to remote working for the remaining, lucky employees.

He then gave the remaining staff an ultimatum that they needed to do “extremely hardcore” work or leave, an announcement that saw hundreds or so of the remaining staff quit the company.

The new CEO has fired employees who openly disagreed with his policies or tweets.

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Musk went on to announce a new policy to commercialise the verification badge on the social media platform, a policy which raised dust among tweeps.

With this development, Elon Musk is on the verge of stepping down as the CEO of Twitter to allow someone else take up the responsiblty.

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