Elon Musk says he’ll step down as Twitter CEO, but won’t sell the company

Elon Musk has said that he will step down as CEO of Twitter once a suitable replacement can be found. On Sunday he ran a poll asking if he should step down, and the Twitter using public overwhelmingly told him to go. He didn’t immediately respond to the results of the poll, but by Tuesday he seemed to have accepted the will of the people, after originally suggesting that he might instead change it so that only paying users could vote in Twitter polls.

Of course there’s no timeline for Musk to hand over the reins yet. And as his Tweet say’s it will require finding “someone fooling enough to take the job.” Following a chaotic string of bad press and the gutting of its staff it might be hard to attract high quality candidates to the position. But, the bar has been set exceedingly low under Musk’s tenure and just a simple change of face at the top could do a lot to improve Twitter’s image in the short term.

Of course, there is a chance that the change could be largely cosmetic. Musk tweeted that he planed to stay on and run the software and server teams. And there’s no indication that he plans to sell the company, which he bought in October for $44 billion and quickly took private. So it’s clear that he plans to still be involved in the company’s operation, but it’s unclear just how much. 

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