Elon Musk Twitter CEO to Step Down After Losing public poll

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Elon Musk, Twitter CEO, utilizes Twitter polls for decisions. He recently tweeted one asking if he should step down. Musk said he would abide by the poll’s results.

More than 10 million people voted in favour of Elon Musk stepping down as chief executive of Twitter in a poll he posted on the site late on Sunday. As of Sunday evening, “Yes” was winning by a margin of 58% to 42%.

In several follow-up tweets, Musk suggested that he was serious about leaving and made a vague threat about Twitter’s future if he is voted out.

the billionaire, who bought the company and installed himself as its head just 50 days ago, has insisted there is no successor in the wings. “No one wants the job who can actually keep Twitter alive,” he said on the social network. “There is no successor.” Replying to another user who said they could do the job, Musk added “you must like pain a lot. One catch: you have to invest your life savings in Twitter and it has been in the fast lane to bankruptcy since May. Still want the job?”

On Sunday, Musk asked Twitter users whether he should step down as the head of the company, promising to abide by the results of his poll. When the poll closed on Monday, 58% said he should step down.

Ex-richest Musk founded Boring Co., supports Neuralink, and leads SpaceX. No longer the wealthiest, he remains influential in diverse ventures.

Tesla investors have been concerned Musk has been spreading himself too thin following the Twitter deal.

Tesla shares plunged nearly 60% this year amid industry-wide supply chain challenges and growing electric vehicle competition. Elon Musk, Tesla’s CEO, recently expressed intentions to reduce his Twitter involvement in court. However, responding to CEO change speculation, Musk tweeted, “There is no successor.” This stirred discussions on Twitter about Musk’s role as CEO. The platform’s trending topics included a poll on whether he should step down. This comes after Twitter updated policies, now restricting accounts solely promoting other platforms and content referencing rivals.

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