Elon Musk, the CEO of Tesla and SpaceX, has announced that he will be stepping down as the CEO of Twitter to focus on overseeing the product. The announcement was made on Wednesday in a tweet from Musk’s official Twitter account.

Musk’s decision comes as Twitter has faced increased scrutiny over its handling of misinformation and hate speech on the platform. In recent months, the social media giant has been criticized for its slow response to tweets that violate their policies.

In his tweet, Musk said that he plans to “focus on product,” and that he believes the move will allow him to have a greater impact on Twitter’s direction. “Going to put some focus on product,” he wrote. “Good move imo.”

Musk will remain on the Twitter board as a director, and will continue to be involved in the company’s decision-making process. The move is seen as a significant shift for Twitter, which has been struggling to keep up with other social media platforms in terms of user growth and engagement.

The news has been met with mixed reactions from Twitter users, with some praising Musk for his decision, while others criticizing him for stepping down as CEO. Some have also expressed concerns about what this move means for Twitter’s future, and whether Musk will be able to make significant changes to the platform.

Despite the uncertainty surrounding Musk’s departure as CEO, it is clear that he will still play a key role in shaping Twitter’s future. His passion for innovation and cutting-edge technology has made him a highly respected figure in the tech industry, and many are hopeful that his involvement will help propel Twitter to new heights.

Overall, Elon Musk’s decision to step down as Twitter CEO is a significant development for the social media giant. With a focus on product, Musk is poised to make a meaningful impact on the company’s future, and his involvement is sure to be closely watched by tech enthusiasts and investors alike.