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No plans for my successor as Twitter CEO – Elon Musk

Twitter to pay verified creators for ads in comments - Musk

Elon Musk

Twitter CEO Elon Musk in a Twitter Space Interview with BBC said that there are no plans for his successor.

The tech billionaire has come under intense pressure from Tesla shareholders who are worried about the amount of time he spends running the social media platform.

Musk had previously stated that finding a new Twitter CEO would be “good timing” at the end of this year.

Musk also claimed that the company is “roughly breaking even” now that most of its advertisers have returned.

In the Twitter Spaces that had more than three million listeners, he revealed that Twitter now has about 1,500 employees, down from “just under 8,000” before he took over in October.

He claimed that aggressive cost-cutting efforts had begun to bear fruit following massive layoffs.

However, since Musk’s $44 billion acquisition of Twitter, there has been chaos and uncertainty.

Last week, a bug on Twitter prevented thousands of users from accessing links but it couldn’t be fixed because the engineers responsible for fixing and preventing service outages had been laid off.

Musk acknowledged some glitches, including recent outages, but said they have been resolved.

He also claimed Twitter was in a $3 billion negative cash flow situation and had to take drastic measures, such as mass layoffs.

“We could be cash-flow positive this quarter if things go well,” he said in the Space interview.

He added that the company is currently at an all-time high in terms of user numbers.

Since its acquisition, Twitter has seen a significant drop in advertising revenue.

Musk explained that this was due to the cyclical nature of advertising spending, some of which was “political.”

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