'Someone else' could be running Twitter this year, says Musk | Tech News

'Someone else' could be running Twitter this year, says Musk

Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" ride since he took full ownership last year.

By:AFP
| Updated on: Feb 16 2023, 07:53 IST
Elon Musk Twitter Bankruptcy Talk: Timeline
Elon Musk
1/13 He’s told employees to brace themselves for long hours, that “the road ahead is arduous and will require intense work to succeed,” and said bankruptcy was possible. Here’s how the saga is unfolding: (Bloomberg)
Elon Musk
2/13 Oct. 27: Musk takes control- His first act is to fire the Board along with CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde and Counsel Sean Edgett. Musk forms advisory team that includes celebrity attorney Alex Spiro, VC David Sacks, Neuralink CEO and head of Musk’s family office Jared Birchall, investor Jason Calacanis, and partner of Andreessen Horowitz Sriram Krishnan. (Reuters)
Elon Musk
3/13 Oct. 28: Brands begin to take pause- As Musk plans to unban accounts and says he will charge for user verification, advertisers suspend ads. (AFP)
Elon Musk
4/13 Oct. 31: Top tweeters protest- Amid murmurings of plans to charge existing verified accounts, author Steven King tweets, “$20 a month to keep my blue check? F**k that, they should pay me. If that gets instituted, I’m gone like Enron.” (AFP)
Elon Musk
5/13 Nov. 1: Teams working around the clock- The product team works over the weekend on Musk’s idea to charge users for blue check marks. A photo of product director Esther Crawford sleeping on the floor of a conference room, trying to make the deadline, goes viral. Meanwhile, managers are asked to make lists of who can be fired. Employees print out their software code for review by Musk and engineers from Tesla, to determine if their contributions are worthy of keeping a job. (REUTERS)
Elon Musk
6/13 Nov. 3: Massive layoffs begin- A memo is sent to all employees telling them of imminent layoffs and to watch for an email with the subject line: “Your Role at Twitter.” Badge access to offices is suspended as 3,700 staffers receive word that they’ve been cut. Realizing employees essential for the continuity of the business have been let go by mistake, some are asked to come back. (AP)
Elon Musk
7/13 Co-founder EV Williams tweets, “Heart’s out to the tweeps getting laid off today.” Co-founder Jack Dorsey adds, “I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that.” (REUTERS)
image caption
8/13 Nov. 5-6: Musk responds to celebrity protests- Unrest grows on the platform over the weekend, particularly over the issue of impersonator accounts. Actress Valerie Bertinelli starts a movement of people changing their Twitter names to “Elon Musk.” Comedian Kathy Griffin joins the protest, finds her account locked. Then Musk announces, “Going forward, any Twitter handles engaging in impersonation without clearly specifying `parody’ will be permanently suspended.” (AP)
Elon Musk
9/13 Nov. 8: Musk sells more Tesla- Despite a previous vow not to sell any more Tesla stock, Musk sells an additional $3.95 billion, bringing the total sold in past year to $36 billion. (REUTERS)
Elon Musk
10/13 Nov. 9: Musk Blue tick mark- Blue check mark option becomes available for purchase, and immediately becomes a tool for impersonators. An account masquerading as Nintendo Inc. posts an image of Super Mario holding up a middle finger. (REUTERS)
Elon Musk
11/13 Tesla and SpaceX CEO Elon Musk, and a close cadre of advisers are considering a host of changes to the way Twitter is run and makes money. (REUTERS)
Elon Musk
12/13 Nov. 10: More key executives quit as Musk warns of bankruptcy- In his first meeting with employees, Musk tells them to brace for 80-hour weeks and requires everyone back in the office full time. He also says bankruptcy for the company is not out of the question if it doesn’t start generating more cash. Several executives in charge of keeping Twitter safe and accountable to its users quit, including chief information security officer Lea Kissner, chief privacy officer Damien Kieran and chief compliance Marianne Fogarty.. (AFP)
Elon Musk
13/13 Nov. 11: Verified accounts get “Official” tags- Twitter adds badges that say “offiical” to verified accounts in some places, though confusion abounds. More brands depart the platform. (REUTERS)
Elon Musk
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Musk paid $44 billion for his favourite social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially electric car company Tesla. (REUTERS)

Twitter boss Elon Musk said Wednesday that a new CEO might be running the online platform by the end of 2023, after a "rollercoaster" ride since he took full ownership last year.

"I'm guessing probably towards the end of this year should be good timing to find someone else to run the company," he told the World Government Summit conference in Dubai via video.

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"I need to stabilise the organisation and make sure it's in a healthy place and that the product roadmap is clearly laid out.... I think it should be in a stable position around the end of this year."

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Musk paid $44 billion for his favourite social media platform and exiting day-to-day operations would allow him to deflect criticism that he is neglecting his other ventures, especially electric car company Tesla.

The founder of TESLA and SpaceX has given few clues to what type of leader he is looking for. On December 21, when he first announced he planned to step down as chief executive, he said only that he would limit his own duties to software and server engineering once "someone foolish enough" had taken his place.

Since Musk took ownership of Twitter on October 27, the platform has been riven by chaos, with mass layoffs, the return of thousands of banned accounts and major advertisers fleeing.

The app has also seen a string of technical snafus, including an incident on Sunday where tweets by Musk suddenly dominated the feeds of millions of users, even those not following the tycoon.

According to sources inside the company, as reported to the industry news website Platformer, this was because Musk was upset that a tweet by US President Joe Biden during the Super Bowl received much more engagement than his own.

In an attempt to fix the issue, engineers were called in to tinker with Twitter's algorithm so that it pumped out more Musk tweets, sparking complaints.

In another incident last week, thousands of users reported problems using Twitter as the social network began letting paying users post tweets as long as 4,000 characters. - 'Niche ideology' - Despite the difficulties, Musk on Wednesday encouraged users to communicate more freely on Twitter and said the site would impose "the least amount of censorship allowed by law."

Under his ownership, he said Twitter would no longer privilege the liberal values or "niche ideology" of the US west coast for its content moderation.

"I thought it was important, kind of, for the future of civilization to try to correct that thumb on the scale," Musk said, describing his motivations behind buying Twitter.

"As a forum for communication, it's great. And I would just encourage more communication... to sort of speak in an authentic voice," he added.

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First Published Date: 16 Feb, 07:51 IST
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