Twitter CEO Elon Musk says he may be ready to step down as head of the social media network by the end of 2023, i.e. one year after millions of Twitter users voted for him to do so in a poll he vowed to respect.
“I need to stabilize the organization and just make sure it’s in a financially healthy place in that the product roadmap is clearly laid out,” Musk said via video call at the World Government Summit in Dubai.
“I think it should be in a stable position around the end of this year,” Musk claims. He didn’t give any hints as to who might be in the running for the position, but instead uploaded a funny picture of his dog Floki sitting at a desk with the caption: “The new CEO of Twitter is amazing.” A CEO search has reportedly been ongoing recently, according to a number of outlets, including Bloomberg and CNBC, but potential candidates are still hard to come by.
Musk has served as CEO since acquiring Twitter for $44 billion in late October. His administration has frequently been chaotic, marked by significant waves of layoffs at the company, sudden implementations of new policies, and a massive decline in advertising revenue. Musk has recently become so fixated on the popularity of his own posts that he reportedly fired an engineer who attempted to explain why his tweet impressions were dropping.
However, even after leaving his CEO position, Musk says he plans to continue to run Twitter’s software and servers teams.