After the billionaire sponsored a referendum on his future, Twitter users chose to have Elon Musk resign as the platform’s CEO.
After Mr. Musk posed the question to his 122 million followers, 57.5% of them chose “yes.”Before the voting closed, Mr. Musk, who paid $44 billion (£36 billion) for Twitter, declared that he would follow the outcome.
Since gaining control of the website, the tech tycoon—who also owns Tesla and Space X—has come under heavy fire.
Since the poll concluded, Mr. Musk has yet to respond. He would still be the owner of Twitter even if he were to step down as CEO.
On Monday, more than 17.5 million users participated in his poll, with 42.5% rejecting Elon Musk’s resignation.
Mr. Musk has in the past complied with Twitter surveys. He frequently uses the Latin proverb “vox populi, vox dei,” which roughly translates to “the voice of the people is the voice of God.”
Although it is uncertain where Mr. Musk is right now, he was seen on Sunday at the World Cup final in Qatar standing next to Donald Trump’s son-in-law Jared Kushner.
Before the vote ended, Wedbush Securities senior equities analyst Dan Ives told the BBC that he thought the vote would “ultimately” result in the “ending of Musk’s reign as CEO of Twitter.”
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
Since Mr. Musk acquired the social media platform, Twitter has undergone a flurry of contentious adjustments.
He has let go of approximately half of the company’s employees and halted the paid-for verification function that Twitter was ready to bring out. Last week, the feature was reintroduced.
Additionally, he has come under fire for how he handles content filtering, with some civil rights organisations charging him with taking actions that will encourage hate speech and false information.
Cirque du Soleil
The past few weeks and months, according to Mr. Ives, have been “a black eye for Musk and a black eye for Tesla,” the company he called the “golden child” because it houses the majority of the billionaire’s fortune.
“Twitter is currently in quicksand, and I believe that since Musk gained control of Twitter, the problem has gotten worse. It has been a circus act, he continued.
“I believe that Musk will ultimately announce a new acting CEO of Twitter within the next 24 hours.”
“As the adage goes, be careful what you wish for, as you might get it,” tweeted Mr. Musk after launching the poll.
Later, he remarked, “Those who seek authority are the least deserving of it.