Elon Musk will stick to his promise of stepping down as the chief executive of Twitter but only after he is able to find a replacement.
In the midst of turmoil within Twitter and growing concern from Tesla shareholders, Musk ran a poll on his Twitter account earlier this week asking whether or not he should step down as CEO. After more than 17.5 million votes, some 57.5 per cent of voters said yes, he should leave his post as ‘Chief Twit.’
Read: Tesla’s Third-Largest Shareholder Wants Elon Musk Ousted As CEO
The day after the poll ran, speculation was rife that Musk may not actually abide by the result after replying to a series of tweets suggesting that voting may have been “rigged” by bots.
However, come Tuesday evening, Musk said he would abide by the results.
“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” he said.
Twitter has been bleeding money since Musk’s $44 billion takeover after many large corporations suspended advertising on the platform, including numerous car manufacturers. The Washington Post reports that Musk recently revealed on a Twitter Spaces call that the social media network was on track to have a “negative cash flow situation” of $3 billion a year, hence why he has been “cutting costs like crazy in recent weeks.
“That’s the reason for my actions,” he said. “They may seem sometimes spurious or odd or whatever — it’s because we have an emergency fire drill on our hands. That’s the reason.”
