Elon Musk is angling to nominate his successor as Twitter CEO by the top of 2023.
“I believe I must stabilize the group and simply ensure it is in a financially wholesome place and that the product roadmap is clearly laid out,” Musk mentioned on the World Authorities Summit in Dubai per CNBC.
“I am guessing in all probability in direction of the top of this yr needs to be good timing to seek out another person to run the corporate as a result of I believe it needs to be in a steady place across the finish of this yr.”
Musk late final yr emphasised he had no real interest in staying on as the corporate’s CEO—going so far as to put up a ballot about his personal reign over the corporate. Customers effortlessly voted him out of the highest spot, prompting memes and Musk’s promise to discover a substitute.
Musk formally acquired Twitter again in October for a cool $44 billion. The social media platform in April introduced it had agreed to promote to the Tesla Tycoon for $54.20 a share, a deal Musk then repeatedly tried to flee. Regardless of his finest efforts to renege, he took over the positioning late final yr and instantly began making strikes—nevertheless it has not been with out backlash.
The identical day the deal closed, Musk fired high executives together with CEO Parag Agrawal, CFO Ned Segal, authorized chief, Vijaya Gadde, and basic counsel Sean Edgett. He additionally eliminated the corporate’s board of administrators and put in himself because the lone board member. Twitter has laid off roughly half of its 7,500-member workforce since Musk’s takeover.
Most not too long ago, he referred to as for an replace to the algorithm on the web site. The Tesla tycoon reportedly pressed engineers at Twitter to switch the social community’s algorithm this weekend, after his Tremendous Bowl tweet floundered compared to President Joe Biden’s.
Biden’s put up generated practically 29 million impressions in contrast with Musk’s 9.1 million earlier than he deleted his tweet altogether.
