Musk confirms he will resign as Twitter chief executive after successor found

This is the first time the billionaire has mentioned stepping down as boss of the social media platform

Elon Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversyBillionaire Elon Musk said he will step down as chief executive of Twitter once he finds a replacement, but will still run some key divisions of the social media platform.

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Musk wrote on Twitter. Musk’s $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric vehicle automaker Tesla, in which he is personally involved in production and engineering. This is the first time Musk has mentioned stepping down as chief of the social media platform, after Twitter users voted for him to resign in a poll, which the billionaire launched on Sunday evening.

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