Elon Musk Actively Searching For New Twitter CEO: Report

Twitter boss Elon Musk is actively searching for a new CEO to take the helm at the near-bankrupt social media company, sources say, after the busy CEO posted a poll to the microblogging site asking users if he should step down.

What Happened: Citing CNBC’s David Faber, Musk mentioned shortly after acquiring the company in October that his role as CEO would be temporary — and said that his search for a new CEO had been ongoing and began before the recent Twitter poll was conducted.

Investor Jason Calacanis, Craft Ventures partner David Sacks, and Sriram Krishnan, an Andreessen Horowitz general partner with a focus on cryptocurrencies and a former leader of Twitter's consumer teams, could be on the shortlist.

Also Read: Gold Bull Peter Schiff Says Don't Bash Elon Musk: This, Not Twitter, Is The Real Reason For Tesla Stock's Plunge

Why It Matters: Musk may be able to delegate some of the daily accountability and obligation of running Twitter if he chooses someone else to head the company.

As  Twitter's owner and the only board director, Musk will ultimately have the authority to appoint and dismiss anyone he chooses as the company's CEO.

Musk forced out the organization's previous leadership and board of directors.

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