Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.
Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla Inc. was based on easy to achieve performance targets and was approved by a compliant board of directors.
However Musk later said in a tweet that he will continue to run Twitter until it is in a strong place, though it will “take some time.”
Musk’s tweet came after former CEO Jack Dorsey said that he will not accept the role of Twitter CEO. In a reply to a Twitter user when asked if he would take the position of CEO, he said “nope.”
Tesla investors have been increasingly concerned about the time that Musk is devoting to turning around Twitter.
“There’s an initial burst of activity needed post-acquisition to reorganize the company,” Musk said in his testimony. “But then I expect to reduce my time at Twitter.”
Musk also admitted that some Tesla engineers were assisting in evaluating Twitter’s engineering teams, but he said it was on a “voluntary basis” and “after hours.”
The billionaire’ s first two weeks as Twitter’s owner has been marked by rapid change and chaos. He quickly fired Twitter’s previous CEO and other senior leaders and then laid off half its staff earlier this month.
Musk sent an email to Twitter employees early Wednesday, telling them they needed to decide by Thursday whether they wanted to stay on at the company to work “long hours at high intensity” or take a severance package of three months of pay. (Reporting by Hyunjoo Jin and Tom Hals; Additional reporting by Akanksha Khushi. Writing by Sheila Dang; Editing by Chizu Nomiyama, Richard Chang and Dhanya Ann Thoppil)
Elon Musk says he will find a new leader for Twitter
https://arab.news/y4jx5
Elon Musk says he will find a new leader for Twitter
- Musk’s anouncement in a tweet came after former CEO Jack Dorsey said that he will not accept the role of Twitter CEO
- Tesla investors have been increasingly concerned about the time that Musk is devoting to turning around Twitter
List Magazine launches The List Awards
RIYADH: Luxury travel and lifestyle magazine List has announced the launch of The List Awards, in association with Swiss watchmaker Richard Mille.
The List Awards are a first-of-its-kind recognition celebrating excellence across travel, wellness, culture, and fine dining in Saudi Arabia and the wider Gulf region.
Winners will be officially announced in the Winter 2026 edition of the magazine and across its social and digital platforms.
The awards aim to define what world-class excellence looks and feels like in a new era of Saudi hospitality, creativity, and experience-driven living by recognizing establishments and cultural experiences shaping modern luxury in the region.
The selection process is not based on submissions, paid placements or public voting. Instead, List’s editorial team and a panel of independent judges personally experience each venue, brand or experience.
Each entry is then explored, debated, and verified against key criteria: originality, precision, consistency, and relevance to the modern Saudi traveller.
Nóirín Hegarty, List’s editor-in-chief, said: “Saudi Arabia is in the midst of an extraordinary cultural and creative transformation. The List Awards were born from a desire to recognise that energy and define what excellence truly looks like today.
“These awards are not about prestige for its own sake — they are about experience, authenticity, and intent. Every name on the list earned its place because it represents the best of the best and the future of luxury in the region and beyond.”
