Twitter users say Elon Musk should step down as CEO

Elon Musk asked Twitter users on Sunday if he should step down as chairman of the social media platform. More than 17 million votes were cast and the verdict was clear: 57.5 percent said he should step down in a Twitter “poll” that ended after 12 hours on Monday.

Mr. Musk had said That he would abide by the results of the referendum. After the voting was over, Mr. There was no immediate response from Musk.

If he follows through, Mr. Musk will deliver. The tumultuous weeks since have been marked by mass layoffs at the company, falling ad sales, executive resignations, and the suspension of various high-profile user accounts for violations of the newly discovered policy.

On Sunday, Twitter announced a policy to prevent users from sharing links and usernames from other social platforms like Instagram, Facebook and Mastodon, then apparently scaled back the same policy.

But Mr. It was a confusing weekend for some users, including Musk’s former supporters was a breaking point.

On Twitter Mr. Paul Graham, founder of start-up accelerator Y Combinator, tweeted Sunday that Musk’s latest actions were “the last straw.” Mr. Graham Mr. Musk supported the acquisition, but on Sunday he wrote, “I give up. You can find a link to my new Mastodon profile on my site. His account was temporarily disabled.

last week, Twitter has been suspended About two dozen accounts that tracked the locations of private planes, Mr. It justifies the decision to ban accounts if they share another person’s “live location,” including following Musk’s private jet. There were also some journalistic accounts from The New York Times, The Washington Post, CNN and other outlets. Suspended last week, ostensibly under the same principle, then Mr. The reinstatement came after Musk asked if users should be allowed back. Fifty-nine percent answered yes in a Twitter “poll” with 3.7 million votes cast.

After asking users if he should stay on as Twitter’s chief executive, Mr. Musk said in another tweet: “No one wants the job that actually keeps Twitter alive. No heir”

Mr. There are signs that Musk’s ownership and focus on Twitter is interfering with his other business ventures. Mr. Since Musk bought Twitter, Tesla’s value has plummeted. The car company’s stock price hit $225 on Oct. 27, when Mr. Musk completed his acquisition of Twitter. On Friday, Tesla shares closed at $150.

Last week, Mr. Musk revealed what he had Another $3.6 billion worth of Tesla stock was sold. This year, Mr. Musk has now sold $23 billion worth of Tesla stock, much of it after promising in April to stop selling stock to fund his Twitter deal.

“Focusing on Twitter instead of baby Tesla is another big issue for investors, and behind this poll result many Musk loyalists want him to step down as CEO of Twitter,” wrote analysts Daniel Ives and John Cuttingris of Wedbush Securities. The note was posted shortly before the Twitter poll ended.

They added that Musk’s resignation from Twitter “would be a big step,” adding that the billionaire is finally realizing “a growing frustration with this Twitter nightmare that is getting worse by the day.”

On Monday, Tesla shares rose 3.4 percent to around $155 in premarket trading.

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