Elon Musk announces that he will step down as head of Twitter

The richest man in the world assured on Tuesday that he would give up his duties as soon as he finds “someone stupid enough to take over the job”.





SourceAFP


Elon Musk announced on Twitter on Tuesday that he intended to leave the head of the social network as soon as he has “found someone crazy enough” to replace him.
© MUHAMMED SELIM KORKUTATA / ANADOLU AGENCY / Anadolu Agency via AFP

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Un strong and unexpected choice. After a long moment of silence and then blowing hot and cold on the follow-up he intended to give to the poll he himself had initiated, Elon Musk finally announced on Tuesday, December 20 that he would be stepping down as CEO from then on for Twitter. that he will have “found someone crazy enough” to succeed him.

After weeks of tension and hesitation regarding the future of the social network since its acquisition for 44 billion euros, Elon Musk asked Twitter users on Monday if he should leave the platform’s head. A practice that is not unusual for the new owner, who has already used it several times, especially regarding the reactivation of the account of the former US president, Donald Trump, as well as other suspended users.

Each time, the billionaire committed to respecting the outcome of the investigation he initiated, most often with results going in the direction he contemplated. But this time, 57% of the roughly 17 million platform users who voted said they were in favor of his departure.

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“A small bot problem on Twitter”

Back on Monday late in the day in the United States, from Doha, where he had attended the final of the soccer World Cup on Sunday, Elon Musk had initially remained silent before responding to tweets suggesting that the result of the investigation was result of a manipulation and then an army of bots that have distorted the result.

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At the start of the day on Tuesday, the Twitter boss had retweeted the result of a poll conducted by the HarrisX Institute with its own selection of users of the platform, which gave 61% of respondents in favor. his retention as CEO. “Interesting, this seems to indicate that we have a small problem with bots on Twitter” responded the owner of the platform in response to the institute’s tweet presenting the results, and seems to plan to remain at the forefront of the social network .

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He also said that any new polls would be limited to paying Twitter users. And when, on their part, several American media have assured that he had actually started looking for a replacement even before the launch of his investigation, citing anonymous sources, the billionaire had responded with a simple mocking emoticon via his platform.

Tesla’s share price rises again

Still, those rumors, along with the vote result, appeared to be initially endorsed by investors, with Tesla’s stock even rising amid increasing criticism of Elon Musk’s attention on Twitter since the takeover, to the carmaker’s detriment.

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Conversely, signs of refusal to leave the leader of the social network were poorly received: Tesla’s share price ended Tuesday’s session down more than 8%, before the announcement of a future departure. In three months, the producer’s title has lost nearly 55% of its value on Wall Street and more than 33% since the acquisition of Twitter.

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In post-closing trading on Wall Street, the stock rose 0.92% to $139.07. And the social network isn’t doing much better: In eight weeks, the company has seen a number of advertisers recoil at the risk the billionaire’s desire to reduce content moderation represents for brands. The group would even be “on the fast track to bankruptcy,” Elon Musk assured in a message.

A waltz of controversy

Since taking over in late October, the head of Tesla and SpaceX has sparked several controversies by firing half of Twitter’s workforce, reinstating suspended accounts, suspending journalists and trying to launch a new paid subscription. Last week, Elon Musk deleted and restored the accounts of several American journalists from CNN, from New York Times and washington post in particular causes the EU and the UN to react.

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On Sunday, it was the new rules, provided that it was now impossible to publish a link to a competing network, such as Facebook, Instagram or Mastodon, that caused misunderstandings among users, including Jack Dorsey, co-founder and former head of Twitter. Following the suspension of certain accounts under this new rule, including investor Paul Graham’s, Elon Musk qualified his decision and limited the suspension to accounts whose “primary goal” is to promote competitors.


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