Sources Reveal Elon Musk is on the Hunt for a New Twitter CEO

According to sources who spoke to CNBC's David Faber, Elon Musk, the owner and CEO of Twitter, is looking for a new head of the company.

Back in October, Elon Musk acquired Twitter for $44 billion. He had previously stated that his role as CEO would be temporary. During a court hearing in November, Musk declared that he would be reducing his involvement with Twitter and finding someone else to take over. However, on Sunday, he tweeted that there was no successor.

He stated that the challenge is not just to locate a CEO, but to find one who can sustain Twitter's existence.

On Sunday, the billionaire posed a question to Twitter users asking if he should resign from his position as head of the company. Out of the 17 million people who responded, the majority voted for him to step down. Musk declared that he would follow the results of the poll.

Twitter polls are not as reliable as professional public opinion research. Additionally, malicious bots or fake accounts may be able to influence the results of a Twitter poll.

According to reports from Faber, Elon Musk's search for a new CEO has been in progress for some time, preceding the Twitter poll.

Under Elon Musk's leadership, Twitter has experienced a tumultuous period, with large-scale layoffs, an increase in racist hate speech, advertisers withdrawing or reducing their spending, and the reactivation of accounts that had been previously blocked.

Elon Musk, who has referred to himself as the "Chief Twit," has stated that Twitter usage has increased to its highest level since he assumed control, and that hate speech impressions have decreased.

Questions have been raised about the billionaire's handling of other business endeavors due to his involvement with Twitter.

Elon Musk has made a significant financial investment this year by selling billions of dollars worth of Tesla shares to fund the Twitter acquisition. He has also recruited personnel from Tesla, SpaceX, and the Boring Company, including executives, engineers, and lawyers, to help him with the Twitter venture. Musk is the CEO of Tesla and SpaceX and the founder of the Boring Company.

On Monday, Senator Elizabeth Warren of Massachusetts sent a letter to Robyn Denholm, the chair of Tesla's board, expressing her worries that Elon Musk and the board may have broken the law in regards to Tesla's shareholders.

The legislator, who has had disagreements with Musk in the past regarding the concept of a wealth tax, requested the board to provide answers to particular queries concerning the claimed misuse of Tesla assets and potential conflicts of interest stemming from Musk's acquisition of Twitter.

On Monday night, Elon Musk tweeted that the United States has been negatively impacted by having Elizabeth Warren as a senator. No response was given by Warren's representative when asked for comment.

At the beginning of this month, Bill Nelson, the Administrator of NASA, questioned Gwynne Shotwell, the President and COO of SpaceX, about whether Elon Musk's Twitter activity would have any impact on the company's collaboration with the space agency, according to NBC News. Nelson was reassured that it would not.

A request for comment from Musk was not answered right away.