Report: Steve Davis replaces Elon Musk as CEO of Twitter

by Ana Lopez

It’s been relatively quiet on the search for a new Twitter CEO front, leaving users wondering who will succeed Elon Musk when he hands over the title of interim CEO of Twitter, the company he bought for an estimated $44 billion.

While many have speculated that Musk’s appointee would be someone close to his camp (he’s known for appointing friends and former colleagues to coveted positions), no actual names have emerged until this week.

According to a recent report by Platform gameactive Twitter exec and CEO of The Boring Company, Steve Davis, is about to take over from Musk.

Twitter reportedly began receiving calls from Davis asking about standout employees and general employee performance before another round of layoffs swept through the company that slashed another 10% of Twitter’s total workforce.

Related: ‘I need to stabilize the organization’: Elon Musk reveals when he will appoint a new Twitter CEO

This wouldn’t be the first time Davis has been directly associated with cost-cutting measures. The Information reported that Musk put him in charge of cutting $500 million in costs, ultimately cutting nearly $1 billion by cutting contracts with third-party companies and renewing the terms of others.

Davis’ seemingly ruthless approach to work was made clear in October when he began sleeping in Twitter’s infamous makeshift bedrooms at the company’s San Francisco headquarters — along with his wife and newborn child.

Prior to Davis’ unspecified role at Twitter and appointment as CEO of The Boring Company, Davis worked with Musk at his space exploration company SpaceX.

Related: Elon Musk’s Twitter ends Trust and Safety Council

After experimenting with opening a yogurt shop called Mr. Yogato (while still at SpaceX), Davis eventually sold the company for $1 and opened a bar called Thomas Foolery in Washington, DC. It became one of the first establishments in the city to accept Bitcoin as payment.

The Boring Company, which Davis now runs, is Musk’s tunneling company that started out creating hyperloop transportation systems that Musk claims would be “the fastest possible way to get from one city center to another for distances less than ~2000 miles.”

In December, Musk polled his Twitter followers about whether or not he should step down as CEO of the social media platform, with 57.5% of respondents voting he should step down.

“I will resign as CEO as soon as I find someone foolish enough to take the job,” Musk tweeted in December, following a poll of his followers asking whether or not he should step down as CEO of Company. “After that, I’ll just run the software and server teams.”

Neither Musk nor Twitter has commented on the rumors of Davis’s succession.

Related: A negotiation expert shares tactics from Elon Musk’s Twitter deal


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