In a move that came as a surprise, Elon Musk, the CEO of Twitter on Sunday tweeted an opinion poll, asking whether he should step down as the head of the social media platform. It was followed by the statement that he will abide by the results of the poll.
However, the American business tycoon did not reveal any deadline as to when he would step down in case the poll results turned out to be against him. In response to a user’s comment on who would take charge at the helm of affairs, Musk replied that there is no successor.
Last month, the Tesla Boss had told a Delaware court that he would cut down his time spent at Twitter and would eventually look for a new leader to run the company. Since he is the sole board director and owner of Twitter, Musk has the power to appoint the next CEO of the company.
Whether Musk Should Resign As CEO Of Twitter Is The Subject Of A Poll
However, the results of the opinion poll came as a big blow to Twitter’s new boss. A majority i.e 57.5% of the survey respondents were of the opinion that Musk should quit his role as the head of Twitter. Only 42.5 of them voted in favor of him.
The opinion poll was open for voting till 1120 GMT on Monday. More than 17 million people from the Twitter community cast their votes in the poll. Tesla shares shot up by 5% in premarket trading after the poll results were disclosed.
Going by the events in the past, Musk has abided by the results of the Twitter opinion polls. Following the results of a poll in 2021, he had sold one-tenth of his Tesla holdings. In another similar incident, Musk reinstated former US President Donald Trump’s Twitter account accepting the verdict of an opinion poll.
He referred to the phrase “vox populi, vox Dei”, a Latin phrase that means that “the voice of the people is the voice of God” after restoring the account.
On Sunday, Twitter announced its policy update. It was made clear that going forward the microblogging platform will not allow free promotion of other social media platforms on Twitter.
However, the company also mentioned that though it will allow cross-posting from other platforms, tweeting content such as “follow me @username on Instagram,” or “[email protected]” will be treated as a violation. Going forward, posting third-party link aggregators such as linktr.ee and lnk.bio will also be prohibited.
Post the announcement of the policy update, Musk tweeted that in the future there will be a vote for important policy changes. He also apologized and stated that it will not happen again. It was following the policy update that Musk posted his opinion poll on Twitter.
While the poll was open for voting, Musk posted a tweet referring to the saying that one needs to be careful about what they wish, as they might get it. Further to that, he tweeted again stating that those who seek power are the ones who least deserve it.
It was in October that Musk completed the acquisition of Twitter in a $44 billion deal that resulted in the sacking of the former Twitter CEO Parag Agarwal and a slew of top executives. As per reports, around 50% of Twitter employees worldwide were sacked following the acquisition.
With the turn of events, Musk announced that he will serve as the CEO of Twitter. In the recent past, Musk had sold billions of dollars worth of Tesla stock, believed to be majorly for funding his buying of Twitter. He also announced that Twitter is facing deep financial trouble.