Elon Musk started a Twitter poll asking for opinions on whether he should “step down” as Twitter’s head. Based on early results, he is set to resign as CEO. He said he would “abide to the results of this survey.”
More than 3.8 Million people have already voted in the poll. 58 percent of those who voted for him to resign as CEO of Twitter were in favor.
Later, Musk wrote that “Going forward there will be a ballot for major policy changes. My apologies. Won’t happen again.”
He wrote: “As the saying goes,” Be careful what you wish for, because you might get it.
Elon Musk is currently CEO of Tesla, SpaceX, and Twitter. He is also the president of The Musk Foundation.
He lost the title of the world’s wealthiest person last week to Bernard Arnault, a French businessman.
After witnessing Tesla’s stock plummet 62.55 percent in the past year, many Tesla shareholders are angry at Musk. Tesla shares sold for US$150.23 today.
Musk has sold Tesla stock worth $34 billion (US$23billion) this year, which has hurt its stock price despite his promise to cease selling shares in April.
Critics claim that Mr. Musk’s tweet takeover of Tesla earlier this year has diverted his attention from Tesla.
In 2018, he was awarded a US$56billion pay package for leading Tesla. This is the most significant in American corporate history.
Tesla shareholders filed a lawsuit to challenge the compensation package. It was concluded on November 18, 2018.
With Jared Kushner (son-in-law of Donald Trump), the tech magnate was seen at the World Cup final in Qatar between France and Argentina today.
Mr. Kushner made recent investments of US$2 Billion from a fund managed by Mohammed bin Salman, the Saudi crown prince.
It was revealed in October that Saudi Arabia’s Prince Alwaleed bin Talal and his investment firm were the second-largest investor on Twitter.
Musk quickly made significant changes after acquiring Twitter. He fired key executives and sacked staff.
Fears that he would loosen moderation policies and promote “free speech” caused major advertisers to flee.
He introduced a blue-checkmark subscription service to verify users and generate income for the company.
Musk also shared internal documents from Twitter with independent journalists, dubbed the Twitter Files.
After prominent journalists from CNN, New York Times, and Washington Post were suspended abruptly over the weekend, Musk was widely criticized.
They were piqued for sharing links to an account that makes publicly available information about Musk’s private aircraft.
After running another poll on Twitter, Musk restored most accounts. Many on social media were shocked by Musk’s decision.
COTA director Lesley Podesta wrote, “the idea that someone makes decisions about a company he purchased for $44b through a Twitter poll it is amazing.”
Journalist Ben Greyfuss wrote that Tesla shareholders would be happy if you stopped spending so much time alienating wealthy libs who enjoy buying Teslas. Others claimed that Musk planned to resign as CEO.
The Wall Street Silver account stated, “I suspect Elon has his replacement chosen, and this is just an election to make it appear like we are deciding.”