Toni Dimaano Tech 12.20.2022 22:Dec PM EST

Elon Musk Searches For A New Twitter CEO, Sources Reveal

Elon Musk, the owner and CEO of Twitter, is allegedly looking for a replacement as the company's CEO, and this search has reportedly been ongoing for some time.

The billionaire, who bought the business in October for $44 billion, previously declared that his role as CEO would only be temporary.

Musk Runs A Poll To See If The Public Agrees Of His Step Down

Following a Twitter poll asking if he should step down as CEO, the Twitter chief appears to have been considering his next move, as per a report on CNBC.

A majority of the 17 million respondents to the billionaire's unofficial poll on Sunday, asking Twitter users if he should resign as the company's CEO said that Musk should do so.

With the results voting in favor of the billionaire stepping down, Musk says that he would abide by the results of the poll.

However, the poll seemingly does not matter, as sources from Twitter say that the public opinion survey was just a coverup for the fact that Musk has already been looking for someone to replace him.

It can be remembered that Musk reportedly told investors earlier this year that he only intended to hold the position of CEO of Twitter for a brief time.

He even admitted during a trial for a lawsuit disputing his compensation at Tesla that he didn't particularly enjoy being the CEO of any business, much less Twitter.

The Verge writes that prominent Tesla investors are putting pressure on Musk to choose a Twitter replacement and return to the electric car company that has been the main source of his success.

Even though the billionaire has actively discussed finding a replacement, the stock price of Tesla has kept falling, suggesting that he and his investors will endure further suffering in the future.

To pay for the acquisition of Twitter, Musk sold shares of Tesla worth billions of dollars this year, also pulling stocks from SpaceX and the Boring Co.

Musk's Rocky Twitter Tenure

Musk's takeover of Twitter has also been troubled, resulting in significant staff reductions, an increase in hate speech, advertisers leaving the site or cutting back on their spending, and the reinstatement of banned accounts.

According to the "Chief Twit," as Musk has referred to himself in the past, hate speech impressions have decreased while Twitter usage has increased to an all-time high.

Because of this, concerns about the billionaire's other businesses have been raised due to the way he runs Twitter, CNBC reports.

With this, Musk has actively been looking for someone to take over his spot, with obvious choices as replacement, including Jason Calacanis, David Sacks, and others who were advising him in the acquisition.

However, while the poll seems to have no bearing at all since Musk has already decided on what to do, the CEO is inclined to let Twitter users get the impression that they have a say on the matter.

On Sunday, Musk took to Twitter again to announce that no one wants the job to keep Twitter alive; hence, there is no successor to him as Chief Twit yet, The Verge notes.