Elon Musk News: Twitter CEO To Step Down By 2023?

Elon Musk News: Twitter CEO, Elon Musk speaking at the World Government Summit in Dubai via remote video link on Wednesday revealed that he is planning to step down as the company boss. He mentioned that he aims to look out for his successor by the end of 2023.

Elon Musk Makes Big Revelation

Elon Musk stated that he needs to stabilize the social media giant financially before he steps down as the CEO. He added that the product roadmap is already being clearly laid out. As per Twitter Chief end of this year would be good timing to find the right person who can run the company.

He also talked about his vision for the social media platform and his efforts to cleanse the misinformation. Musk aims to make Twitter a source of truth. However, he urged the ministers to speak authentically over the platform. Read More Elon Musk News Here…

Musk and His Speculation Around New CEO

This is not the first time that Musk made comments around speculation of appointing a new Twitter Chief. Back on December 21, 2022, he brought up that he would certainly resign as the CEO as soon as he finds someone who is foolish enough to take the job.

However, Musk added that he would just need to run the software and servers teams. Later, he also ran a poll on Twitter and asked the user to choose whether he should step down as the company boss. The voters went on to decide that Musk should resign.

Elon Musk on Wednesday morning twitted a picture of a “Floki” dog. He went on to caption the post “new CEO of Twitter is amazing”. Twitter CEO’s this post sent the biggest meme coins prices riding high. Dogecoin price jumped by over 5% in the last 24 hours. DOGE is trading at an average price of $0.085, at the press time.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.