An online poll by Elon Musk on whether he should quit his Twitter CEO shows the majority of those who took part voted in favour of the move. The margin was 15%. The billionaire entrepreneur launched the poll last night promising to abide by its result. But he has yet to comment since the Twitter poll’s final result.
What do the poll results say about Musk’s question?
Millions of Twitter users have voted in favour of Elon Musk indicating resigning from his role as CEO of the social media platform.
Mr. Musk tweeted a poll, asking: “Should step down as head of Twitter? I will abide by the results of this poll.”
More than 17 million people took part, with 57.5% voting “yes” to his stepping down. The Tesla and SpaceX boss, who is yet to react to the poll results has confronted heavy criticism since taking over the company.
He sacked around half of Twitter’s staff and was recently condemned by the United Nations and European Union for suspending journalists who cover the platform.
Why is Elon Musk Stepping down from Twitter CEO?
CEO Elon Musk has said he will step down as CEO. He’s the world’s richest man and he announced that he’ll quit after finding a replacement. According to reports, Elon Musk is actively looking for a potential replacement. Musk’s Twitter post came as a response to his earlier poll.
Tesla stock has been suffering. Musk’s wealth was also drained by his pursuit and acquisition of Twitter. It has dethroned him from his position as the richest man in the world. On December 20th U.S. FTC expanded its investigation into Twitter’s handling of user data and Southern California police requested information about a possible vehicle assault involving members of Elon Musk’s security detail.
Twitter has been losing advertisers like water. Social Network has reportedly been in the fast lane of bankruptcy for the past few months.
Sacks also shared a post on Monday about Twitter Venture, a brand-new tool that allows companies to identify their brands and important personnel on Twitter. In addition to his name, Sacks added the Artisan Ventures brand to the side. Sacks recommended that other CEOs undertake the same kind of poll in response to Musk’s survey on whether he should continue serving as Twitter’s CEO.
Elon Musk’s Twitter Investment
Musk acquired control of Twitter at the end of October, following months of legal disputes and a close call with a full-blown trial. Musk entered Twitter headquarters holding a sink, tweeting the image with the words, “Let that sink in,” just before the $44 billion (€41.45 billion) investment was finalised.
In the two months that followed, Twitter lost millions of dollars every day. While experiencing huge layoffs, conflicts about blue tick boxes, the reactivation of Donald Trump’s account, the expulsion of several journalists, and the ban on promoting other social media platforms.
The billionaire’s involvement on Twitter is what some investors believe is detracting from his work at Tesla. The electric vehicle firm he also oversees has also prompted calls from Wall Street for Musk to leave the platform. So get more updated news like this do catch up All In One Trendz Official website!