Elon Musk aiming to appoint his successor as Twitter CEO by the end of 2023

Elon Musk said Wednesday that helium mightiness beryllium capable to name his successor arsenic Twitter CEO by the extremity of 2023 but archetypal needs to "stabilize" his societal media company.

"I deliberation I request to stabilize the enactment and conscionable marque definite it's successful a financially steadfast spot and that the merchandise roadmap is intelligibly laid out," Musk said astatine the World Government Summit successful Dubai.

"I'm guessing astir apt towards the extremity of this twelvemonth should beryllium bully timing to find idiosyncratic other to tally the institution due to the fact that I deliberation it should beryllium successful a unchangeable presumption astir the extremity of this year."

Musk took implicit arsenic CEO of Twitter successful October arsenic portion of his $44 cardinal acquisition of the societal media firm.

The billionaire indicated precocious past year that helium doesn't expect to beryllium the CEO of Twitter permanently and yet volition manus implicit the reins to idiosyncratic else.

In December, Musk tweeted a canvass asking radical whether helium should measurement down arsenic the caput of Twitter. The bulk of the 17.5 cardinal votes said yes.

"I volition resign arsenic CEO arsenic soon arsenic I find idiosyncratic foolish capable to instrumentality the job! After that, I volition conscionable tally the bundle & servers teams," Musk tweeted aft the poll.

CNBC reported successful December that Musk was actively looking for a successor.

His tenure astatine Twitter truthful acold has been rocky, marked by massive unit cuts and advertisers fleeing oregon slashing their spending connected the platform.

Meanwhile, investors successful Musk's different institution Tesla are acrophobic that helium may beryllium distracted by the events astatine Twitter astatine a clip erstwhile the automaker is facing request challenges and expanding competition. Musk sold disconnected billions of dollars of Tesla stock to money his Twitter takeover.

Musk spoke astir the reasoning down the acquisition versus gathering his ain societal media company.

"I thought astir creating thing from scratch, but I thought Twitter would possibly accelerate advancement versus creating thing from scratch by 3 to 5 years," Musk said. "And I deliberation we are seeing conscionable a tremendous exertion acceleration that 3 to 5 years is really worthy a lot."

Musk spoke astir his motivations for the Twitter buyout, saying helium was "a small disquieted astir the absorption and the effect of societal media connected the world, and particularly Twitter."

"I thought it was precise important for determination to beryllium a maximally trusted benignant of integer nationalist square, wherever radical wrong countries and internationally could pass with the slightest magnitude of censorship allowed by law. Obviously that varies a batch by jurisdiction."

His comments echo ones helium has made implicit the past fewer years. He has labeled himself a "free code absolutist."

Musk said connected Wednesday, however, that societal media companies "should adhere to the laws of different countries and not effort to enactment a thumb connected the standard beyond the laws of countries." He accused Twitter of imposing the "values" of San Francisco and Berkeley, the assemblage successful California, which helium described arsenic a "niche ideology," successful the mode it ran its business.

"I thought it was important, benignant of, for the aboriginal of civilization to effort to close that thumb connected the scale," Musk said, describing his motivations down buying Twitter.

Musk has faced disapproval for, connected the 1 hand, advocating escaped code portion besides complying with censorship laws successful countries, a good enactment helium is trying to walk, arsenic reflected successful his comments.

The latest contention centered astir a BBC documentary that was captious of Indian Prime Minister Narendra Modi. The Indian authorities past period ordered net platforms and societal media companies, including Twitter, to artifact links and videos of the documentary. Twitter appeared to comply with the order, according to NBC News.

Musk replied to a idiosyncratic successful January asking if it was existent that Twitter complied with the Indian government's orders.

"First I've heard. It is not imaginable for maine to hole each facet of Twitter worldwide overnight, portion inactive moving Tesla and SpaceX, among different things," Musk replied.