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Elon Musk

Elon Musk proposes to step down as head of Twitter in the poll

Amid a series of issues involving the popular social media platform, Twitter owner Elon Musk uploaded a poll on Sunday asking the public whether he should step down as CEO.

“Should I resign as CEO of Twitter?” Musk asked in a tweet.

“I will follow the outcome of this poll,” he added.

Source: thehill.com

As of Sunday, approximately 58 percent of Twitter users wanted Elon Musk to resign, whilst also 42 percent wanted him to remain as the CEO. The poll closed early Monday morning.

Elon Musk
Image Source: deadline.com

Musk jokingly posted a tweet after posting the poll saying, as the phrase goes, be cautious what you wish, as you might get it.

Musk ended up taking Twitter private with his multibillion-dollar acquisition of the firm earlier this year, progressing to fire the majority of its execs and disintegrate its board of directors. He still owes creditors who helped finance the acquisition billions of dollars.

The poll was conducted amid the latest uproar over his erratic handling of the platform, in response to a new Twitter strategy forbidding users from publicizing other social media platforms. Musk suspended the accounts of tech journalists who have been critical of him earlier this week.

The 51-year-old CEO also wrote on Twitter that polls will be held in the future to decide on major company policies.

Musk apologized saying It won’t happen again.

Musk lifted the prohibitions on the journalists after conducting a survey during which 59 percent of Twitter users demanded that the accounts be restored immediately.

The proposed regulations on publicizing other social platforms come at a time when many liberal Twitter users are looking for alternatives.

Meanwhile, brands are removing their advertising from Twitter at an alarming rate. Musk has repeatedly stated that Twitter’s financial situation is dire.

You must like pain a lot,” Musk tweeted, noting the company “has been in the fast lane to bankruptcy since May.” Yet Musk denied that he has a new CEO in mind.

No one wants the job who can actually keep Twitter alive. There is no successor,” Musk tweeted. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive.”

Source: cnn.com

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