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Elon Musk Claims He Expects To Find A New CEO Of Twitter “Over Time.”



Elon Musk Claims He Expects To Find A New CEO Of Twitter "Over Time."

(CTN NEWS) – Elon Musk, the billionaire who bought Twitter, says he doesn’t want to lead any company.

On Wednesday, Elon Musk testified in a Delaware court to defend himself in a shareholder lawsuit challenging a $55 billion compensation package he received from Tesla’s board of directors.

Reports say Musk said, “I expect to reduce my time at Twitter and find someone else to run Twitter over time.”

In an email overnight, Elon Musk told Twitter employees that it is a software and server company at its core, and he asked them to decide whether to remain by Thursday evening.

The company’s employees must be extremely hard-core to build “a breakthrough Twitter 2.0,” and long hours at high intensity will be necessary.

Tesla and SpaceX CEO Musk said Twitter will be more engineering-driven, with most of its employees writing “great code.”

The billionaire completed the $44 billion takeover of the San Francisco company in late October.

He fired most of its full-time employees by email early this month and plans to eliminate an untold number of contract jobs for those who fight misinformation.

On Twitter, several engineers said they were fired this week after criticizing Elon Musk, either publicly on Twitter or in an internal Twitter message board.

Musk has promised to ease restrictions on what users can say on the platform.

The social platform has been criticized for potentially opening the doors to hate speech and other harmful speech.

But he has tried to assure advertisers that any changes to Twitter’s rules will not damage their brands by associating them with harmful content, which makes up most of its revenue.

According to Musk, Twitter’s premium service, which grants blue-check “verification” labels to anyone who pays $8 a month, will resume on November 29.

In a tweet, the billionaire announced the service would be relaunched later this month toto ensure it is “rock solid.”

If workers want to join the “new Twitter,” Musk asked them to click a link provided in the email.

He said employees had until 5 p.m. EST on Thursday to reply. A three-month severance package will be provided to employees who do not respond by then.

“No matter your decision, I appreciate your efforts to make Twitter successful,” says Elon Musk


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