Elon Musk Sets To Appoint a New CEO for the Social Media Giant

Elon musk

Twitter might soon have a new CEO after over 10 million users said they want Elon Musk to step down from that role.

Elon Musk said he will appoint a new Chief Executive Officer of the social media giant as soon as he finds “someone foolish enough” to fill the position. 

The entrepreneur previously launched a poll asking users whether he should step down as Twitter’s CEO. Over 57% of the participants answered “yes.”

It looks like Twitter will have a new CEO in the future after over 10 million people (out of the 17.5 million participants) supported the option in Elon Musk’s public poll. Nearly 7.5 million individuals want the South African to remain at the helm of the social networking service.

As promised, Musk said he will honor the results and resign from his post as soon as he found “someone foolish enough” to take the role. Upon appointing a new CEO, Tesla’s boss will manage software and server teams within Twitter.

Numerous prominent names part of the crypto industry shared their stance on Musk’s eventual departure. Ethereum’s Vitalik Buterin said he “respects” the idea of abiding by the people’s will, while Binance’s Changpeng Zhao wished Musk could “stay the course.”

The boss of Twitter, Tesla, and SpaceX is known as a keen supporter of Dogecoin, teasing incoming DOGE payments on the social media platform. The meme coin saw a significant price increase shortly before Musk acquired Twitter.

However, the news of his eventual stepping down as CEO negatively affected the coin, dropping by 2%. The asset is down nearly 20% weekly, currently hovering around $0.073.

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