Will the Musk leave Twitter after poll
2022.12.19 14:26
Will the Musk leave Twitter after poll
Budrigannews.com – A backlash against the billionaire less than two months after he took over in what has been a chaotic and contentious reign, Twitter users voted decisively in a poll for Elon Musk to step down as chief executive of the social media platform.
On Sunday, Musk stated that he would adhere to the poll’s findings, but he did not specify when he would step down if the findings indicated that he should. He had stated that no successor has yet been named.
According to the poll that the billionaire launched on Sunday evening, approximately 57.5 percent of votes were cast in favor of the idea of Musk stepping down as the head of Twitter, while 42.5 percent of votes were cast in opposition. Over 17.5 million voters cast ballots.
“If Twitter’s business model is to remain viable, drastic measures are required, according to Musk and some analysts. According to Hargreaves Lansdown analyst Sophie Lund-Yates, “it’s going to be difficult to find someone with enough zeal to change the course of Twitter’s ship without Musk at the helm.”
A hectic week that included changes to Twitter’s privacy policy and the suspension and reinstatement of journalists’ accounts, both of which were criticized by news organizations, advocacy groups, and European officials, culminated in the poll results.
Then, on Sunday, accounts that promoted rival social media platforms like Facebook (NASDAQ:) were removed from Twitter. in a tweet that has since been deleted, prompting inquiries from even Musk’s longtime supporters, such as Twitter founder Jack Dorsey.
Aaron Levie, CEO of Box, described the policy as “just sad.”
Since taking over in October, Musk has reinstated accounts that were previously barred under the previous management, including that of former U.S. President Donald Trump, changed his mind about how much to charge for the social media company’s subscription service Twitter Blue, and fired thousands of employees.
Musk said on Sunday that he would put all changes to Twitter policies to a vote in public polls. This raised more questions about his management style and his active involvement in the social media company, which has left some Tesla investors (NASDAQ:) behind. worried that he will be distracted at a crucial moment for the electric car manufacturer.
Last month, Musk stated that he would reduce his time at Twitter and eventually find a new leader to run it. He has personally been involved in working-level decisions about everything from car styling to supply chain issues.
According to Russ Mould, an investment director at AJ Bell, “Even Elon Musk’s biggest detractors didn’t imagine he would be making strategic decisions by his newly-acquired social media platform in a Twitter poll but here we are.”
“Musk certainly appears to spend a lot of time on social media for someone who places such a high value on work ethic. Tesla shares have decreased by more than half year to date, so Musk needs to get his main business back on the road.
On Monday, shares of Tesla rose by about 2% at the opening bell, but later fell to a new two-year low of $145.82. This year, the stock has lost nearly 60% of its value.
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On Sunday, Musk stated, “There is no successor” in response to a comment made by a Twitter user regarding a possible CEO change.
“No one wants the job of keeping Twitter alive.”
Musk, who was observed on Sunday at the soccer World Cup final in Qatar, has not yet responded to the poll’s results. When asked for comment, Twitter did not immediately respond.
Twitter is currently conducting a poll to determine whether it should prohibit accounts that promote other social media platforms.
Content from Mastodon, Truth Social, Tribel, Nostr, and Post, in addition to Facebook and Instagram, would be affected by the policy change. It would permit cross-content posting, Twitter support had said in the erased tweet.
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“This is the tipping point. I surrender. “You can find a link to my new Mastodon profile on my site,” said Paul Graham, an ally of Musk and the founder of the startup fund Y-Combinator. Mastodon is a social network touted as an alternative to Twitter.
