Elon Musk, the new owner and CEO of Twitter, issued an informal survey Sunday asking followers if they thought he should leave the position.
At the poll’s conclusion at 6:20 a.m. ET on Monday, the majority of participants (57.5%) demanded that the billionaire resign from his position. By the time the poll was over, over 17 million people had cast their votes.
Musk declared he will follow the poll’s findings. Whether he will actually do so is unknown. In Monday’s U.S. premarket trading, shares of Tesla, another one of Musk’s businesses, increased by more than 4%.
Musk stated, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” in court in November. On the other hand, he said in a tweet from Sunday that he had no potential successor at the social media giant.
According to some sources, Musk only planned to serve as Twitter’s CEO temporarily. He announced that he will hire someone to run the business just one month ago. The company has been “in the fast lane towards bankruptcy since May,” according to Musk, who also claimed that “the problem is not finding a chief executive, but finding one who can keep Twitter going.”
Despite facing criticism for his #TwitterFiles journalist ghosting his appeals for a public reaction, Musk may be willing to temporarily sell his pricey toy to someone else.
Musk didn’t address it in his tweets, but the recent Twitter incident is undoubtedly clouded by the fact that Tesla’s stock has dropped below $150 per share, or about 50% less than it was a year ago. Musk also dropped to second place on Forbes’ ranking of the world’s richest people.
No one can force Musk out of the privately held firm because he owns a majority of it, but over the past several days, a succession of perplexing actions have led even some of his staunchest supporters to cut connections with him.
The suspension of numerous critical journalists who wrote about the ban last week came as a result of the decision to block an account that monitored the location of his private jet. As a result, some active users left for other social networks, including its decentralised rival Mastodon, whose own account was suspended for linking to the jet tracker’s account on the competing social network.