Musk underlined his aim to see Twitter in a more “stable position” before transferring the reins to a successor later in 2023 at the World Government Summit.
Elon Musk has said he would keep looking for a new CEO to manage Twitter until the end of the year.
During the World Government Summit that took place in Dubai, a question was posed to Musk about when he intended to choose his successor as CEO. (Opens in a new window) Musk stated, “I don’t know, but I’m assuming by the end of this year would be ideal time to find someone else to lead the firm because I believe [Twitter] should be in a secure position by the end of this year.” “I don’t know, but I’m assuming by the end of this year would be ideal time to find someone else to lead the firm.”
What Did Elon Musk Said In December?
Musk said in December that he would step down from his role as CEO of Tesla after the results of a poll he had conducted on Twitter revealed that most respondents believed he should vacate the position. However, he didn’t want to give up straight immediately, so he told us that we needed to “find someone foolish enough to take the post.” (Even before he ran his poll, Musk said that he never planned to hold the position of permanent chief executive officer of Twitter.) (Consequently, in a practical sense, something new had yet to take place.)
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On Wednesday, Musk said he would continue using Twitter until the platform stabilizes. According to a comment attributed to him, he made the following statement at the World Government Summit: “I feel I need to stabilize the organization and just make sure that it is in a financially stable position and that the product roadmap is spelled out.”
To say Musk’s tenure at Twitter has been challenging would be an understatement. Since becoming CEO, he has eliminated almost two-thirds of the company’s workers, shut down activities, including offices and data centers, and undertaken controversial changes that have driven away advertisers and upset some consumers.
Musk defends his actions by stating that Twitter has to cut costs to prevent the company from going bankrupt. Musk recently said that the company is on pace to become profitable this year, as stated in a recent interview.
During the World Government Summit, Musk provided a refresher on his aim to transform Twitter into an “everything app.” He forecasted that in the distant future, Twitter would be a source of news and “truth” and allow online payments and safe conversations. During this time, Musk has been working on plans to boost the number of people who subscribe to Twitter Blue, the firm’s premium service, at $8 per month.
