Yahoo Finance Live anchors discuss reports that Elon Musk is actively searching for a new Twitter CEO.

Video Transcript

BRIAN SOZZI: Elon Musk is giving the power to Twitter Blue members, announcing that future policy decisions through voting will be left to solely-- will be left solely to subscribers. That follows his poll which resulted in calls for him to step down from the helm of the social-media company.

Reports out this morning, guys, that he's actively searching for that CEO. That, of course, is according to-- or just hit the wires from David Faber over at CNBC. But still, maybe he's actually taking this poll seriously.

BRAD SMITH: I would hope so because a lot of Tesla shareholders would also want to see more of that time focused on the vehicle, the car company, or just the broader kind of mindset that he's brought to Tesla for years that he is the central force. The everything operates around Elon brand that Tesla has been for so long now has a competitor in a company that is not publicly listed anymore, that is a side project but has continued to siphon off some of its most notable profiles on the platform because they're just disgruntled with how Elon has run it to this point and even for the cuts that have taken place. Hopefully somebody else can take over Twitter and turn it around.

JULIE HYMAN: I mean, he's been pretty clear from the beginning that he didn't want to run it permanently, right? He said that in the deposition for the case that was going on in Delaware regarding Tesla, remember. He made it clear that he didn't want to keep on being the CEO.

So, you know, he said he would abide by the results of the poll. He didn't say when he would abide by the results of the poll, to be clear.

Somehow, despite the fact that it's a private company and he's cut spending, we're still giving them free advertising--

BRIAN SOZZI: Well, that's--

JULIE HYMAN: --every damn day--

BRIAN SOZZI: --what I want--

JULIE HYMAN: --when we talk about Twitter.

BRIAN SOZZI: --wanted to bring up to you, Julie, because I sent along that op-ed in the "Times" by Roger McNamee, a long time-- he's been on with us, a long-time tech executive, and he brought up a good question. Are we covering Elon like the media covered the lead up to President Trump's win? And there are-- there are some similarities.

JULIE HYMAN: Sort of not being critical enough or not viewing it through the correct lens is sort of what Roger was getting at. Yeah, I mean, I think that is definitely worth thinking about.

BRAD SMITH: Yeah, absolutely. Well, we've seen some of the former Twitter employees also start their own offshoots of a different social-media platform as well, Spill. So we'll see where some of the usership starts to migrate over to Spill or Mastodon, some of the other options--

JULIE HYMAN: Post.

BRAD SMITH: --out there. Post.

JULIE HYMAN: There's a lot of different options that are popping up. And remember, Twitter briefly banned mentions of those other networks--

BRIAN SOZZI: Right.

JULIE HYMAN: --on its network, including Facebook and Instagram, as well. I think they've backtracked on that policy. It seems like, day to day, it's difficult to keep track of what the policies are, right, including the fact that Musk made that poll and then said, oh no, only the Twitter Blue paying users' votes count.

BRIAN SOZZI: Good thing I took that Facebook link off my Twitter profile. Just kidding.