Elon Musk, who bought Twitter in recent months, was off the agenda with what he was doing on the platform. In addition, the famous billionaire stated in his statements that he is looking for a new name for the CEO position. Musk even said a few months ago: “as soon as you think someone is stupid to take the job” He even said he would resign.

Today there has been an important development regarding Twitter’s new CEO. Musk, who attended the World Government Summit in the United Arab Emirates, by the end of 2023 He stated that he would find someone else to run Twitter. The 51-year-old businessman also stressed that the platform must be stable for this.

The new CEO will come when Twitter is financially healthy

In Musk’s statements, “This organization the stabilization is financially sound and the product roadmap is clearly established I need to know for sure” While using his statements, he also pointed to the end of this year for a new CEO. Musk added that he expects the company to stabilize as he wishes by the end of the year.

Musk has taken cost-cutting measures on Twitter since he took over. Many employees being laid off and not paying office rent were just some of these moves. On the other hand, Musk’s involvement with Twitter also affected Tesla. So much so that billions of dollars were lost in the shares of the electric car manufacturer last year. This year, after demand for electric vehicles picked up again and gained investor confidence, shares rose 70%.