Twitter Chief Executive Elon Musk said on Wednesday that the end of 2023 would be “good timing” to find someone else to run Twitter when he expects the social media platform to be stable.
In Dubai, Elon Musk addressed World Government Summit where he said that “I think I need to stabilise the organisation and just make sure it’s in a financially healthy place and that the product roadmap is clearly laid out,”
Referring to the hiring of new CEO, he said “I don’t know, I’m guessing probably towards the end of this year would be good timing to find someone else to run the company, because I think it should be in a stable position around, you know, at the end of this year,” On December 21, Musk said on Twitter that he would resign as its chief executive “as soon as I find someone foolish enough to take the job!”
He added that he would “just run the software & servers teams”.
The social media platform has gone through ups and downs since Musk took over the company in October last year. Earlier this month, Twitter was sued for $1.9 million (roughly Rs. 15.7 crore) by an advisory firm for unpaid bills after it advised the social media company on its acquisition by Musk last year.
In October, Musk closed the $44 billion deal to acquire Twitter. It was reported last month that Musk’s team is considering using up to $3 billion (roughly Rs. 1,06,000 crore) in new fundraising to help repay some of the $13 billion (roughly Rs. 1,07,800 crore) in debt tacked onto Twitter for his buyout of the company.