Elon Musk says there is no one to hand over Twitter

Twitter owner Ilon Musk says he can't find a successor to lead the company. This is his response to comments after a sensational vote that the billionaire launched on his page.

More than 57 per cent were in favour of his resignation - the social network registered more than 17 million votes. The entrepreneur himself promised in the same tweet that he would submit to the will of users.

Recall that Ilon Musk bought Twitter for $44 billion. He came under a barrage of criticism after sweeping layoffs and reforms at the company.

The billionaire claims that the company has been hurtling towards bankruptcy since May, and the new CEO must be prepared to risk his fortune for it.