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Twitter CEO Elon Musk is reportedly searching for a replacement.
After a tumultuous reign as chief executive marked by thousands of layoffs, the reinstatement of previously banned accounts including those of Kanye West and Donald Trump and the loss of billions in advertiser spending, Musk may be calling it quits.
On Sunday the CEO posted a poll on Twitter asking users: “Should I step down as head of Twitter?” adding that he will “abide by the results of this poll.” Fifty-seven percent of more than 17 million voters said yes.
Musk has said in the past that he plans to appoint a chief executive successor.
“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he testified in November.
Musk on Sunday posted to Twitter: “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive.”
The billionaire has tweeted since he took over that there are more users, less hate speech and that the social media app feels “increasingly alive.”
Nonetheless, high-profile celebrities and many other users have left the website. According to the Anti-Defamation League, there has been an increase in antisemitic content since Musk took over Twitter. The Center for Countering Digital Hate found that the usage of the n-word has tripled and that slurs against gay men have increased by 58%.
While it is still not clear who may be the next Twitter CEO, investors in Musk’s other business endeavors including SpaceX and Tesla may be welcoming his departure.
Tesla stock has plummeted since Musk bought Twitter. Leo KoGuan, the third largest Tesla shareholder, tweeted on Dec. 7: “Tesla board is missing in action (MIA)!” Another investor, Trevor Goodwin, told Bloomberg that he sold $30,000 of Tesla stock.
“When he announced he was going to purchase Twitter, I was totally against it because it’s a distraction from Tesla and everything he’s trying to accomplish there,” Goodwin said.
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