Elon Musk On Wednesday, he said he expects to find a Twitter CEO “probably towards the end of the year.”
During a video call to the World Government Summit in Dubai, Musk said ensuring the platform works is of the utmost importance to him.
“I think we need to stabilize the organization and make sure it’s in a financially sound place,” Musk said when asked about when he would name a CEO. “Perhaps towards the end of the year would be a good time to find someone else to run the company.”
It remains unclear how seriously Mr. Musk will take that timeline. His comments came hours after he posted an image of the Shiba Inu Furoki on his Twitter account as the company’s “CEO.”
“So much better than him!” writes frequent meme poster Musk. After the post, the value of a cryptocurrency called Dogecoin, which is based on the Shiba Inu meme, rose by about 5%. Musk has previously suggested that Twitter accepts Dogecoin in a transaction.
Musk, 51, first made his fortune at financial website PayPal, then founded spacecraft company SpaceX and invested in electric car company Tesla. But in recent months, attention has focused on the turmoil surrounding his $44 billion acquisition of microblogging site Twitter.
Meanwhile, the Ukrainian military uses Musk’s satellite internet service, Starlink, to defend against the ongoing Russian aggression, placing Musk in and out of the center of the war.
Musk provided a wide-ranging 35-minute discussion that touched on billionaire concerns about artificial intelligence, the collapse of civilization, and the possibility of aliens. But questions about his Twitter are back as Musk explained that both Tesla and SpaceX can function without his direct, day-to-day involvement.
“Twitter is still kind of like a startup in reverse,” he said. “We need work here to get Twitter to a stable position and really build a software engineering engine.”
Musk has also attempted to portray his acquisition of San Francisco-based Twitter as a cultural fix. Since taking over the company, after the then-President lost access to the website after a pro-Trump mob attacked the U.S. Capitol on January 6, 2021, he added Donald Trump to the platform. Access restored. Rep. Marjorie Taylor Green Spreads Misinformation About Coronavirus, Including Information About R-Ga.
“I think the general idea is to reflect people’s values instead of essentially imposing San Francisco or Berkeley values,” Musk said. I think I was overdoing it a little bit to force it.”
Musk’s acquisition of Twitter has seen mass layoffs and other cost-cutting measures. Musk has had to pay about $1 billion a year in interest on his purchases and has been looking for ways to maximize profits for the company.
But some of Musk’s decisions contradict why journalists, governments, and others rely on Twitter as an information-sharing platform.
Musk explained Wednesday that users should rely on Twitter for reliable information from verified accounts. However, due to the disruption of its deployment to a paid verified account system, it turned out to be impersonating some well-known companies, further extracting much-needed advertising revenue to the site.
“Twitter is definitely a roller coaster,” Musk admitted.
Forbes puts Musk’s fortune at just under $200 billion. According to Forbes analysis, Musk ranks as his second-richest person in the world, behind only French luxury brand mogul Bernard Arnault.
But while Musk is an oracle trying to get six hours of sleep every night, despite challenges on Twitter, he’s also become a thought leader for some.
Musk explained that his children are “programmed by Reddit and YouTube.” However, he criticized the Chinese-made social media app TikTok.
“TikTok has a very high usage rate, but I often hear people say, ‘I spent two hours on TikTok and I regret those two hours,'” Musk said. . “I don’t want Twitter to do that.”
TikTok, which is owned by Beijing-based ByteDance, did not immediately respond to a request for comment.
Musk warned that artificial intelligence should be regulated “very carefully”, saying it resembles the promise of nuclear power but poses the danger of an atomic bomb. He also warned against having a single civilization or “too much cooperation” on Earth, saying it could “collapse” societies like “little candles in a vast darkness.” Stated.
When asked about the alien presence, Musk gave a resolute answer.
“The crazy thing is that I have never seen any evidence of alien technology or alien life, and I think I know that because of SpaceX,” he said. “I don’t think anyone knows more about space than I do.”