Elon Musk actively seeking for a new Twitter CEO, resources say

Elon Musk actively seeking for a new Twitter CEO, resources say


Elon Musk Twitter page observed on cellular with his poll to phase down as head of Twitter

Yui Mok  | Pa Pictures | Getty Pictures

Twitter proprietor and CEO Elon Musk is browsing for a new CEO of the firm, sources told CNBC’s David Faber.

Musk, who obtained the company for $44 billion in Oct, has formerly reported his posture as CEO would be short term. In court in November, Musk claimed, “I assume to decrease my time at Twitter and come across any person else to operate Twitter around time.” However, on Sunday, he wrote in a tweet that “there is no successor.”

related investing information

Oppenheimer downgrades Tesla, says Elon Musk's handling of Twitter could hurt electric vehicle maker

CNBC Pro

“The concern is not finding a CEO, the concern is locating a CEO who can retain Twitter alive,” he wrote.

The billionaire posted an informal poll Sunday asking Twitter end users if he should really phase down as head of the enterprise, and a bulk of the 17 million respondents voted for Musk to go away his post. He claimed Sunday he would abide by the final results of the poll.

Twitter polls are straw polls, which signifies they are not comparable to qualified general public opinion investigation. Destructive bots or inauthentic accounts may possibly also be equipped to sign up a response to a Twitter poll.

Sources explained to Faber that Musk’s lookup for a new CEO has been ongoing and began just before the Twitter poll was made.

Musk’s Twitter takeover has been rocky, as his leadership has resulted in massive staff members cuts, a spike in racist detest speech, advertisers fleeing or slashing their shelling out on the system, as perfectly as the reinstatement of beforehand banned accounts.

The “Main Twit,” as Musk has previously identified as himself, claims that Twitter usage has arrived at an all-time substantial since he took around, and that despise speech impressions have fallen.

The billionaire’s administration of Twitter has elevated worries about his other ventures.

Musk has offered billions of bucks worth of Tesla shares this yr to finance the Twitter takeover. He has also pulled in expertise from Tesla, SpaceX and Uninteresting Firm, which include executives, engineers and attorneys, to guide him at Twitter.

On Monday, Sen. Elizabeth Warren, D-Mass., wrote to the chair of Tesla’s board, Robyn Denholm, expressing worry that Musk and the board may have violated authorized obligations to Tesla shareholders.

The lawmaker, who has sparred with Musk in the past over the thought of a wealth tax, asked the board to respond to particular issues about the alleged misappropriation of Tesla assets and conflicts of desire ensuing from Musk’s acquire of Twitter.

In a tweet Monday night time, Musk mentioned “the United States has absolutely been harmed” by obtaining Warren as a Senator.

Previously this month, NASA Administrator Bill Nelson questioned SpaceX President and COO Gwynne Shotwell whether Musk’s “distraction” at Twitter could possibly influence SpaceX’s operate with the room agency, NBC News claimed. Nelson stated she reassured him it would not.

Musk did not right away respond to a request for remark.





Resource

The AI narrative now has a new trade — shorting software stocks
Technology

The AI narrative now has a new trade — shorting software stocks

Software and data services stocks remain under pressure after Anthropic’s rollout of a legal automation tool reignited fears of AI-driven disruption — and now one fund manager says that shorting software has become the market’s newest expression of the AI trade. Software names — along with data service companies, financial information providers and publishers — […]

Read More
Epstein’s Silicon Valley connections went beyond Gates and Musk
Technology

Epstein’s Silicon Valley connections went beyond Gates and Musk

Printed documents available at Epstein Library on the U.S. Department of Justice website are seen in this illustration photo. Nurphoto | Nurphoto | Getty Images The U.S. Justice Department’s latest release of millions of documents related to the notorious sex criminal and financier Jeffrey Epstein has shed more light on the relationships he built with […]

Read More
CNBC Daily Open: Watch Japan’s yen and government bond yields as Takaichi storms to an election victory
Technology

CNBC Daily Open: Watch Japan’s yen and government bond yields as Takaichi storms to an election victory

Sanae Takaichi, Japan’s prime minister and president of the Liberal Democratic Party (LDP), at the party’s headquarters in Tokyo, Japan, on Sunday, Feb. 8, 2026. Toru Hanai | Bloomberg | Getty Images Japan’s Sanae Takaichi and her ruling Liberal Democratic Party overwhelmingly found the support of voters in a Sunday election, sweeping a supermajority — […]

Read More