Key Points
- Elon Musk says he will step down as chief executive of Twitter after finding a replacement.
- It comes after Twitter users voted decisively in a poll launched by the billionaire for him to step down.
- Mr Musk previously admitted he had too much on his plate but there was no successor and that "no one wants the job".
Elon Musk says he will step down as chief executive of Twitter once he finds a replacement, but will still run some key divisions of the social media platform.
"I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams," Mr Musk wrote in a tweet on Wednesday.
Mr Musk's $US44 billion ($A66 billion) takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to properly run his electric vehicle automaker Tesla Inc, in which he is personally involved in production and engineering.
This is the first time Mr Musk has mentioned stepping down as chief of the social media platform, , which the billionaire launched on Sunday evening.
In the poll, 57.5 per cent of about 17.5 million people voted "yes".
Mr Musk had said on Sunday he would abide by the results.
He has not provided a time frame for when he will step down and no successor has been named.
The poll results capped a whirlwind week that included changes to Twitter's privacy policy and the suspension - and reinstatement - of journalists' accounts that drew condemnation from news organisations, advocacy groups and officials across Europe.
Wall Street calls for Mr Musk to step down had been growing for weeks and recently even Tesla bulls have questioned his focus on the social media platform and how it might distract him from running the EV maker.
Mr Musk has himself said he had too much on his plate and that he would look for a Twitter CEO.
However, he said on Sunday there was no successor and that "no one wants the job who can actually keep Twitter alive".
