Elon Musk said on Wednesday that the end of 2023 could be an occasion to find someone to replace him at Twitter, and that he would try to stabilize the social media business until then.
"I think I need to stabilize the organization and make sure it is financially stable and has a clear product roadmap," the billionaire said in a remote video call on the sidelines of the World Government Summit in Dubai.
Musk added, “I think the end of this year might be the right time to find someone else to run the company. Because I think he should be in a stable position by then. The end of this year.”
Musk assumed the position of CEO of Twitter after completing the $ 44 billion acquisition of the company in late October of last year, then said late last year that he did not want to continue in his position at all and would end up handing over the reins. to another person.
And in December last year, Musk released a poll asking his followers if they should step down as CEO of Twitter, leaving a majority of 57.5% in favor of his resignation.
After the vote was decided, Musk tweeted, "If I find out anyone is too stupid for this job, I will resign as CEO!" After that, I will be responsible for managing the software team and ... servers. "
It should be noted that Twitter has been in a difficult situation since Musk's acquisition, as the many actions announced by Musk have led to profound platform changes and an exodus of advertisers. It also announced layoffs of most employees and several reforms to reduce spending on the platform.
Meanwhile, investors in his other company, Tesla, worry Musk's focus on Twitter could be a distraction at a time when the automaker faces growing demand and competition challenges. Musk sold billions of dollars' worth of Tesla stock to fund his acquisition of Twitter.