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Twitter CEO Elon Musk said on Wednesday that a new CEO could run the online platform until the end of 2023, after taking full ownership last year.
“I think probably later this year should be a good time to find someone else to lead the company,” he said at the World Government Summit conference in Dubai via video.
“I need to stabilize the organization and make sure it’s in a healthy place and the product roadmap is clearly defined… I think it should be in a stable position by the end of this year. “
Musk paid $44 billion for his beloved social media platform, and his exit from day-to-day operations will allow him to fend off criticism that he is neglecting his other ventures, notably car company Tesla, whose share price has soared since its acquisition of Twitter. it went down.
Musk has given some clues as to what kind of leader he is looking for. On December 21, when he first announced his plans to step down as CEO, he said only that he would limit his duties to software and server engineering when “someone stupid enough” takes his place. did
Since Musk took full ownership of Twitter on Oct. 27, the platform has been mired in chaos, mass layoffs, the return of banned accounts and the suspension of journalists critical of the South African-born billionaire.
Musk’s hiring also saw an increase in racist or hateful tweets, which came under scrutiny from regulators and big advertisers, Twitter’s main source of revenue.
Last week, thousands of Twitter users reported problems using the platform, as the social network allows users to post tweets of up to 4,000 characters.