The billionaire who owns Twitter said he wants to make sure the platform is in a “financially healthy place” before finding a new CEO.
Twitter owner Elon Musk has hinted that he could hand over power as the tech giant’s chief executive later this year.
Musk, who bought Twitter in October for $44 billion, said on Wednesday that the end of 2023 would be a “good time” to find someone else to run the social media giant.
“I think I need to stabilize the organization and just make sure it’s in a financially sound place and the product roadmap is clearly outlined,” Musk said during a virtual appearance at the Summit. World Government summit in Dubai after being asked if he was looking for a new CEO and when he would be hired.
Musk added that “perhaps the end of the year will be a good time” as he expects the company to be stable by then.
In December, Musk said on Twitter that he would step down as CEO “as soon as I find someone stupid enough to take this job!”
Musk, who also runs Tesla and ranks among the richest men in the world, made the remark after a majority of respondents voted in a Twitter poll that he should quit. office.
Musk’s leadership over the platform has divided users, with conservatives praising his stated commitment to free speech and many libertarians voicing concerns about misinformation. and hate speech is on the rise.
Musk, who describes himself as an autocrat of free speech, has pledged to encourage diversity of opinion on Twitter and address what he claims is the liberal bias that has pervaded the world. influence under the foundation’s previous management.
Since taking power, Musk has laid off about half of Twitter’s workforce, overhauled censorship policies, and reinstated the accounts of suspended celebrities including former US President Donald Trump. .
Critics have accused Musk of allowing extremists to freely spew hate speech on the platform and censor criticism he dislikes, including suspending several journalists he accused of deceiving him and his family.
The platform has also experienced numerous glitches and outages under the watchful eye of the tech billionaire.
Speaking in Dubai on Wednesday, Musk, who described his ownership of Twitter as a “roller coaster,” praised the platform as a valuable communication tool despite recent difficulties. .
“As a forum to communicate, it’s great. And I would just encourage more communication… to speak in an authentic voice,” he said.
“Sometimes people will have someone else as their Twitter manager or something like that. People should just do their own tweets… I think that’s the way to do it.”
