Elon Musk isn’t serious about giving power to a new CEO

Instead, he’ll run other teams at the company. | Kristen Radtke / The Verge; Getty Images

Elon Musk said Tuesday that he’ll still be in charge of Twitter’s software and server teams after he resigns his CEO seat to “someone foolish enough to take” it. He broke the news in a response to a poll he ran earlier this week, where around 58 percent of respondents said that he should step down as CEO.

Given that the social networking site is mainly made up of software and servers (especially after the massive layoffs), it’s clear Musk will still have direct control over the company, even if he doesn’t have the explicit CEO title. That’s not necessarily a surprise; Musk has de-facto control over product at most of his companies, and he’s still Twitter’s owner at the end of the day. But the announcement likely means disappointment for...

Continue reading…