Elon Musk is actively searching for a new Twitter CEO, according to sources

Elon Musk’s Twitter page popped up on mobile with his poll about stepping down as Twitter boss

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Twitter Owner and CEO Elon Musk is looking for a new chief executive for the company, sources told CNBC’s David Faber.

Musk, who acquired the company for $44 billion in October, previously said his position as CEO would be temporary. Musk told the court in November, “I expect to cut back on my time on Twitter and eventually find someone to run Twitter.” However, he tweeted on Sunday that “there is no successor.” .

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“The question isn’t finding a CEO, the question is finding a CEO who can keep Twitter alive.” he wrote.

The billionaire published an informal survey Sunday asked Twitter users if he should step down as head of the company, and a majority of the 17 million respondents voted for Musk to leave his post. He said on Sunday he would stick to the poll results.

Twitter polls are straw polls, so not comparable to professional opinion research. Malicious bots or inauthentic accounts may also register a response to a Twitter poll.

Sources told Faber that Musk’s search for a new CEO is ongoing and had begun before the Twitter poll.

Musk’s Twitter takeover has been rocky as his leadership has led to massive staff cuts, a rise in racial hate speech, advertisers fleeing or cutting their spending on the platform, and reinstatement of previously suspended accounts.

That’s what the “Chief Twit,” as Musk used to call himself, claims that Twitter usage has reached an all-time high since he took over, and that hate speech impressions have dropped.

The billionaire’s Twitter management has raised concerns about his other ventures.

Musk sold trillions of dollars in Tesla stock this year to fund the Twitter acquisition. He’s also onboarded talent from Tesla, SpaceX, and Boring Co., including executives, engineers, and lawyers to support him on Twitter. Musk is CEO of Tesla and SpaceX and founder of Boring Co.

On Monday, Sen. Elizabeth Warren, D-Mass., wrote to Tesla CEO Robyn Denholm, expressing concern that Musk and the board may have violated legal obligations to Tesla shareholders.

Lawmakers, who have feuded with Musk in the past over the idea of ​​a wealth tax, asked the board to answer specific questions about alleged misappropriation of Tesla resources and conflicts of interest arising from Musk’s purchase of Twitter.

In a tweet on Monday night said Musk “The United States has definitely been damaged” by having Warren as a senator. A rep for Warren did not immediately respond to requests for comment.

Earlier this month, NASA Administrator Bill Nelson asked SpaceX President and COO Gwynne Shotwell if Musk’s “distraction” on Twitter could interfere with SpaceX’s work with the space agency, NBC News reported. Nelson said she assured him that was not the case.

Musk did not immediately respond to a request for comment.

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