'Off twitter for a while’: Tech Billionaire Elon Musk decides to take a break

Tech billionaire told his 44.8 million followers that he will be taking off from the platform without citing a reason for his decision. For how long he will be taking a break is also unclear.

"Off Twitter for a while," Elon wrote.

Off Twitter for a while

— Elon Musk (@elonmusk) February 2, 2021

The move came after a number of his recent posts encouraged a stock market frenzy driven by an army of Reddit-informed retail traders.

Last week, he tweeted in support of retail investors on website Reddit which caused dramatic shifts in financial markets, with the price of bitcoin rising 15%.

pic.twitter.com/a6kmk0PEgM

— Elon Musk (@elonmusk) January 28, 2021

Musk also overtook Amazon boss, Jeff Bezos, to become the world's wealthiest person last month, which resulted in surge of Tesla's share price over the past year with a fortune estimated at $185 billion.

Earlier, the US Securities and Exchange Commission, accused Musk of misleading investors by tweeting about a possible withdrawal of Tesla from the stock exchange and was forced to step down as chairman of the Tesla's board in 2018 after a serious run-in.