Musk Confirms He’ll Resign as Twitter CEO After Successor Found

bloomberg.com

14 points·mfiguiere··10 comments

I assume he is doing this to save the value of Tesla stock. Its value has dropped by 20% in the past month and by 40% in the past 6 months.

Edit:

Another consideration -- Is this even worth it at this point? Will advertisers return to a platform that has shown rash decision making in terms of content moderation and policy changes?

It takes years to foster that trust and Musk has undone much of that in a matter of a month or so.

Listen to this from about minute 35. The price may not go up again. https://openargs.com/oa663-elon-dumps-42-million-more-shares...

Yeah, I assume the whole poll about whether he should resign as CEO of twitter was to placate TSLA investors... but then he goes and says he'll run Twitter software & servers when the new CEO takes over. That's not gonna make TSLA investors feel warm & fuzzy.

Now he says he'll "just" run the software and server teams. And be owner, of course. That leaves not even the possibility that the new CEO will be anything but a figurehead, there to take the blame for whatever Musk decides.

Exactly. Who would be gullible enough to take that role? Also Musk micromanaging software & servers is going to cause more people to quit.

Regrettably, none can be found so he'll bear that cross like the hero he is.

plot twist: he is going to take a loooong time, maybe until he resells it . There is always a catch.

Wow. That was quick.

https://archive.vn/Qfj28

Anyone qualified enough to run Twitter is going to be smart enough not to take the job while Elon owns it.

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