Billionaire Elon Musk has said that he will step down as Twitter’s Chief Executive Officer after finding a replacement.
He said that he will only run software and server teams at Twitter.
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted
His resignation announcement follows a poll he launched that suggested users wanted him to step down.
In the poll results which were posted on Monday, 57 percent of voters, or 10 million votes, favored Musk stepping down just weeks after he took ownership of the company for $44 billion.
Since Musk bought the social media site in October, he has fired about half of its staff and attempted a rollout of Twitter’s paid-for verification feature before putting it on pause.
Analysts have pointed out that the stock price of his electric car company Tesla has slumped by one-third since Musk’s Twitter takeover, and some suggest Tesla’s board was putting pressure on him to quit his Twitter role.
“Finally a good step in the right direction to end this painful nightmare situation for Tesla investors,” said Wedbush analyst Dan Ives.
In discussions with users after posting his latest poll, Musk had renewed his warnings that the platform could be heading for bankruptcy.
