Elon Musk has not spoken out about whether he will continue to be the Twitter head.
The billionaire had asked Twitter users to vote on Sunday whether he should resign as the leader of the social networking site. Over 17 million votes have been cast, and a clear verdict has emerged: 57.5 per cent said he should resign in a Twitter poll that closed 12 hours later.
said Mr. MuskHe will respect the results of the vote. However, Musk didn’t acknowledge the vote until hours later.
Musk will give up the reins of the company that he bought in late October for $44billion. The turbulent weeks that followed have been marked by mass layoffs at company, declining sales of advertising, resignations of executives and the suspensions of several high-profile user account due to newly created policy infractions.
Twitter announced on Sunday a policy that would prevent users sharing usernames and links from other social media platforms like Instagram, Facebook and Mastodon. The policy was then apparently reversed.
However, for some users, including former Musk supporters, it was a chaotic weekend It was the breaking point.
Paul Graham, founder and CEO of startup accelerator Y Combinator tweeted Sunday that Mr. Musk was taking the wrong decision with Twitter. Mr. Graham had endorsed Mr. Musk’s takeover, but on Sunday he wrote: “I give in. You can find a link to my new Mastodon profile on my site.” His account was briefly suspended.
Last week Twitter comment Two dozen accounts have tracked private jet locations, including one associated with Mr. Musk. The decision was justified with a new policy banning accounts that share another’s “live place”. Accounts of journalists from CNN, Washington Post and CNN were included. suspended last weekApparently under the same policy, it was then restored after Musk asked users whether they should be allowed back on the platform. In a Twitter poll of 3.7million votes, fifty-nine per cent answered “yes”
After asking users if he should remain the head of Twitter, Mr. Musk said in another tweet: “No one wants the job that can actually keep Twitter alive. There is no heir.”
There are signs that Mr. Musk is focusing on Twitter and his ownership may be interfering with other business ventures. Tesla’s value has dropped since Mr. Musk bought Twitter. The share price of the car company was $225 on October 27, the day Mr. Musk completed Twitter’s acquisition. Tesla shares closed Friday at 150
Last week, Musk announced that he had It sold another $3.6 billion worth of Tesla stock. Tesla stock sales have reached $23 billion in value this year. This is largely because Musk pledged in April that he would stop selling shares to help fund his Twitter deal.
Wedbush Securities analyst John Katsingress writes in “Attention focussed on Twitter rather than the golden child, Tesla is another big problem for investors. This poll’s outcome is likely due to many Musk loyalists wanting a change as Twitter CEO.” “. A note was posted shortly after the Twitter vote was closed.
They also stated that Mr. Musk’s resignation as Twitter CEO would be “a tremendous step forward,” as the billionaire realizes that there is “a growing frustration about this Twitter nightmare, which’s only getting worse every day.”
Tesla shares ended Monday’s trading day largely unchanged at $150.
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