Following a user poll in which 57.5 per cent of participants said he should step down as head of Twitter, the social media company’s mercurial owner tweeted that he’ll name a new chief executive as soon as he finds “someone foolish enough to take the job.” One little asterisk, though: Musk will still “run the software & servers teams.” (The Logic)

Talking point: Since Twitter’s business is mainly software running on servers, Musk would remain in direct control of core elements—especially after he scythed through the less technical parts of its workforce following his October takeover. Twitter’s finances are dire, Musk said in a Twitter Spaces appearance Wednesday, though the debt payments it has to make thanks to Musk’s leveraged buyout are a big reason why. Adding to the pressure: the value of the Tesla stock that underlies much of Musk’s personal wealth has plunged about 65 per cent this year.