Elon Musk To Step Down As Twitter CEO When He Finds 'Someone Foolish Enough To Take The Job!'

The new owner of Twitter on Sunday, polled users on whether or not he should continue to be the CEO of the social media company, adding that he would abide by the results. Of the more than 17 million votes, 57% voted for him to step down.

Responding to podcaster and computer scientist Lex Fridman who offered to run the company, Musk quipped that the podcaster “must like pain a lot” to want to run a company that he said has been “in the fast lane to bankruptcy since May.”

“No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted replying to another Twitter user.

The SpaceX and Tesla CEO responded to the poll result on Tuesday. “I will resign as CEO as soon as I find someone foolish enough to take the job!" he tweeted to his 122 million followers. "After that, I will just run the software and servers teams.”

Later on Tuesday, Musk joined a Twitter Spaces session hosted by ex-Twitter intern George Hotz for roughly an hour, and addressed a number of questions. 

Musk revealed to the Twitter Spaces listeners that the social media company was on track to spend about $5 billion next year. And additional $1.5 billion in debt servicing incurred from his acquisition of the company. Twitter’s revenue was also tracking to be $3 billion. “So that’s like a negative cash flow situation of -$3bn next year. Not good,” he said.

The new Twitter CEO explained that the social media company's dire financial status, was why he spent the last five weeks “cutting costs like crazy.” “This company is like, basically, you are in a plane that is headed toward the ground at high speed with the engines on fire and the controls don’t work,” he said.

Musk who has cut nearly 70% of Twitter workforce, noted that he now expects the company to roughly hit the cash flow break even point next year.

“I now think that Twitter will, in fact, be okay next year,” the Tesla CEO said, admitting that accomplishing such a feat “will be difficult.”

Apart from his comments about Twitter’s financials, the Twitter CEO also admitted to some of his errors as of late. These include the suspension of Paul Graham, a respected venture capitalist who has been supportive of Musk. The social media company announced a now-defunct policy on Sunday prohibiting the promotion of links to other social media platforms.

“Yeah, that was a mistake,” Musk said, noting that Graham could post about rival social media platform Mastodon as much as he wanted.

Musk has been praised for releasing the Twitter Files revealing that the previous woke management of the social media company colluded with left-wing activists, politicians, FBI and intel community, to censor conservatives and suppress the Hunter Biden laptop story.