Elon Musk expects to find someone else to run Twitter

The infamous new “Chief Twit,” Elon Musk, might not be so much anymore.

After buying Twitter and installing himself as its CEO late last month, the billionaire revealed plans to hand over leadership of the company to someone else.

Elon is busy

Musk spoke at B20 Indonesia 2022 on Monday He said He’s been feeling overwhelmed ever since he took over the social media platform.

“I really work as hard as I can from morning to evening, seven days a week,” he said. “It’s not something I would recommend, honestly.”

After taking control of the company, Musk promptly Fired Twitter board of directors with thousands of employees. It has since begun implementing sweeping changes across the entire platform, incl Paid profile verification For $8 a month with Twitter Blue.

“I expect to reduce my time on Twitter and find someone else running Twitter over time,” he added during a lawsuit in Delaware while testifying about Tesla’s compensation package. The Wall Street Journal.

The billionaire added that a “fundamental restructuring” of Twitter would be completed soon. Its stated goal is to help make the platform a haven for free expression and open political debate while ridding it of redundant spambots.

The data Musk shared on Monday showed that his daily active Twitter users were always go up since late September, which is when the tech mogul agreed to buy back the company.

On Wednesday, Musk agreed with a Twitter user who said the platform was on the way to bankruptcy before a new CEO begins making corporate changes that will take it toward “sustainable profitability.”

“People have no idea how fast Twitter is developing,” he said. added.

Musk Bankman-Fried Medal

Several prominent figures from the crypto community approached Musk with ideas on how to improve Twitter prior to his acquisition. One such leader was Sam Bankman-Fried – the former CEO of the now bankrupt cryptocurrency exchange FTX.

After a half-hour conversation with the former billionaire, Musk said he did doubts about Bankman-Fried’s true personality during the Twitter space this weekend.

“Everyone talked about him like he walked on water and had a million dollars… It wasn’t my impression,” he said. “He has no capital and will not come. This was my expectation.”

The post that Elon Musk expects to find someone else to run Twitter first appeared on CryptoPotato.

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