Coinspeaker
Elon Musk to Quit as Twitter CEO as His New Poll Supports This Move

Twitter Chief Executive Officer Elon Musk has revealed that he may quit his role in the social media company if his following on the platform demands so. Elon Musk posted a poll on Twitter on Sunday asking his more than 122.1 million followers whether he should step down as the platform’s CEO or not. According to him, he will abide by the decision of the majority.

The poll has finished and exactly 17,502,391 votes have been cast with as much as 57.5% of the voters supporting the move for Elon Musk to step down.

Should I step down as head of Twitter? I will abide by the results of this poll.

— Elon Musk (@elonmusk) December 18, 2022

Elon Musk completed the purchase of Twitter in late October, and for those that were part of building the Twitter culture, a whole new change has been stirred since then. Upon assumption of office, Elon Musk sacked all the C-Suite executives including Parag Agrawal. The sack did not end there as the billionaire investor who also doubles as the CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX also cut the size of the company’s global workforce by 50%.

The changes in Twitter have gotten tongues wagging as to whether Elon Musk is well-suited for leading the social media company. Elon got the public’s support when he came off with the narrative that he is going to turn the social media platform into one that is known for free speech.

In his move to achieve this, Elon Musk has reinstated the account of many controversial figures including former President Donald Trump, Ye, also known as Kanye West. This reinstated is as wobbly as the suspension of accounts that seem to promote other social media platforms like Truth Social, Mastodon, and Facebook amongst others.

Elon Musk has been known as a man of his word especially when it comes to polls pushed out by his official account. The reinstatement of President Donald Trump came following the approval from a poll he published and going by his records, he may actually resign if the poll ends with the majority calling for his exit.

Enormous work lies ahead of the new CEO as he will have to work to reinstate the trust in the minds of advertisers, most of whom have already pulled their funding. While Elon Musk has successfully cut down the company’s cost of operations, the fact that revenue generation is currently being impaired by the withholding of ad spending by its biggest clients spells financial doom for the company if the situation persists.

Should Musk step down as CEO, it remains unclear how much of an influence he will have on the company’s most active decision moving forward. While his desire to exit the CEO role through a poll has been applauded by many, the concerns about who the new successor will be are becoming a good subject of discussion on Twitter.

Elon Musk to Quit as Twitter CEO as His New Poll Supports This Move

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