Elon Musk says he will resign as Twitter CEO as soon as…

Elon Musk had told a Delaware court in November that he would reduce his time at Twitter and eventually find a new leader to run the company.

Elon Musk has said he will resign as Twitter CEO as soon as he finds “someone foolish enough to take the job.”

Musk was responding to the results of his December 19 poll which asked users whether he should step down as the head of Twitter, the social media giant he acquired in a $44 billion deal. “I will abide by the results of this poll,” he had promised.

57.5% of the 17 million people who voted on the poll favoured Musk stepping down as head of the platform.

“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,” Elon Musk announced in an update posted this morning.

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.

— Elon Musk (@elonmusk) December 21, 2022

On Sunday, however, Musk had said that finding someone who would keep Twitter alive was proving to be a tough task. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” he wrote.

“No one wants the job who can actually keep Twitter alive. There is no successor,” Musk had tweeted.

During his two months at the helm, Musk has dissolved top leadership and laid off nearly half of Twitter's workforce in sweeping changes that have alienated investors and antagonised employees.

Meanwhile, his own net worth has hit the lowest in more than two years. It is now $147.7 billion after Tesla Inc. shares had their steepest one-day loss since October on Tuesday.

Musk, now the world's second richest person, leveraged more of his position to finance his acquisition of Twitter in October. His fortune is primarily made up of Tesla stock and options, reports Bloomberg.