Twitter Inc. Chief Executive Officer Elon Musk’s aim for 2023 is to find an able successor to the social media company by the end of the year.

As per sources, the billionaire executive has always wanted to step aside from the position since his joining in October 2022 and he had begun his search for a deserving candidate in December 2022 itself.

At the World Government Summit in Dubai, Musk interacted via a remote video link where  he said that, “I need to stabilize the organization and just make sure it’s in a financially healthy place and the product road map is clearly laid out,” According to internal sources, Musk has said his priority will be to emphasize Twitter’s engineering as owner once he hands over the reins to his successor.

This idea turned into a commitment in December 2022, when the CEO ran a poll among his followers to know their opinion of whether he should continue in the position or now. 60% suggested him to leave on the pretext of lacking concern on his Tesla company.

Still, the CEO of Tesla, Twitter and Space Exploration Technologies Corp. has a track record of missing his own deadlines and promised delivery times, including for new products such as the Cybertruck or software capabilities such as fully autonomous driving.
“Twitter is still somewhat of a startup in reverse,” Musk said. Lots of work is needed to get Twitter to a “stable position.”

 

Elon Musk took Twitter private in a $44 billion deal, and is the world’s second-richest man with a personal fortune of $187 billion, according to the Bloomberg Billionaires Index. He also spoke broadly about his vision for Twitter and his efforts to rid the platform of misinformation at the summit. He said he wanted Twitter to be a source of truth and he encouraged companies, other CEOs and ministers to speak authentically, even if it draws attacks.

Asked whether he limited social-media usage for his children, Musk said, “I haven’t tried to restrict social media from my kids, but that may have been a mistake.”

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TOPICS: Elon Musk