Elon Musk wants to step down as CEO of Twitter by the end of 2023

A new Twitter CEO for the end of the year

During a video conference at the World Government Summit in Dubai, Elon Musk said he wanted to find a new CEO for Twitter by the end of 2023: “I think towards the end of the year it would be a good time to find someone else to run the business”.

Why this timing? The billionaire says he “must stabilize the organization and ensure that it is financially sound” before leaving his post. It is true that Twitter is still in financial difficulty, and is struggling to generate more revenue. archyde news spending by brands is down: revenues have dropped 40% in one year. As for the new Twitter Blue subscription, it did not meet with the expected success: only 290,000 accounts in the world would have subscribed to the paid offer. One wonders how the businessman intends to straighten out the Twitter accounts in a difficult economic context and in an atmosphere hostile to his latest actions put in place?

A longer departure than expected

At the end of December 2022, Elon Musk announced that he was ready to step down as CEO, following the survey regarding his future on the platform. The question was: “should I leave the head of Twitter? I will stick to the results of this survey”. The majority of voters had responded favorably to his departure. But it is clear that the billionaire ultimately intends to remain at the helm of the company for a few more months.

As a reminder, when the platform was purchased in October 2022, Elon Musk had dismissed Parag Agrawal to replace him as CEO of Twitter.

Should I step down as head of Twitter? I will abide by the results of this poll.

— Elon Musk (@elonmusk) December 18, 2022

Elon Musk is having fun with the situation…

While waiting for a real replacement as CEO of Twitter, we are treated to Elon Musk’s touch of humor in all its glory as you can see in the tweet below, where he features a dog like new CEO of Twitter (which is reminiscent of the same Doge). You may have already seen this post in your timeline since Twitter has changed its algorithm since the beginning of the week to boost the visibility of Elon Musk’s tweets.