Elon Musk to Step Down as Twitter CEO

Billionaire Elon Musk has said he will step down as chief executive of Twitter Inc once he finds a replacement.

Musk however, he will still run some key divisions of the social media platform.

The Tech mogul announced this in a tweet on Tuesday.

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Musk shared on Twitter.

However, Musk did not say when he will be stepping down.

The $44 billion takeover of Twitter in October has not been devoid of challenges, with some investors questioning if he is too distracted to also properly run his electric vehicle automaker Tesla Inc.

Recently, the Social Media platform suspended accounts of journalists which was met with huge criticisms.

His tweet follows a poll he hosted on Twitter, where over 57percent of over 17million users voted he steps down.

Musk had earlier said he will honour the result of the polls.