Elon Musk has reportedly begun looking for someone to succeed him as Twitter CEO.
That’s according to a report Tuesday (Dec. 20) by CNBC, citing sources who say the search began before the multibillionaire polled Twitter users on Sunday on whether he should step down as chief executive. (They voted Yes by an almost 60% margin.)
Musk said last month he planned to find a new person to run Twitter after finishing an organizational restructuring of the social media platform.
“There’s an initial burst of activity needed post-acquisition to reorganize the company,” Musk said while testifying in a Delaware court during a trial related to his pay package at Tesla. “But then I expect to reduce my time at Twitter.”
Related: FTC Asks Twitter How It Plans To Comply With Consent Decree
Musk took ownership of Twitter on Oct. 27 and set about undertaking massive leadership changes and companywide layoffs. On Halloween, he dissolved Twitter’s nine-member board of directors, becoming the company’s sole director.
The weeks since have been tumultuous for Twitter, with advertisers fleeing the platform, hate speech reportedly on the rise, and many banned accounts reinstated.
Sunday (Dec. 18) saw the company institute – and later rescind – a new policy blocking accounts that promote other social media sites.
“We recognize that many of our users are active on other social media platforms,” the company’s Twitter support account wrote. “However, we will no longer allow free promotion of certain social media platforms on Twitter.”
Later that day, Musk tweeted his poll: “Should I step down as head of Twitter? I will abide by the results of this poll.”
More than 17 million people voted in the poll, 57.5% of them choosing the yes option. So far, Musk has not appeared to acknowledge the vote results.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI