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Whom the SpaceX CEO might pick as the next chief twit remains a mystery, as he has distanced himself from even those who worked closely with him on the deal like his personal lawyer Alex Spiro and the venture capitalist Jason Calacanis. Twitter has had five CEOs since its founding in 2006. Jack Dorsey has served as CEO twice.
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Musk’s announcement comes as the turmoil of Twitter has infected the greatest source of his wealth, Tesla. Advertisers are fleeing Twitter, and Musk has laid off at least half the staff of the social network, which has hobbled the product and saddled the company with lawsuits. Power users are decamping for less popular alternatives like Mastodon. Tesla’s stock, meanwhile, has tumbled to a two-year low, and major investors and former fanboys alike are calling for the board of directors to appoint a new CEO of the electric carmaker. Musk bought Twitter for $44 billion and took it over in October after months of attempting to wriggle out of the deal.
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