Twitter users voted decisively in a poll for Elon Musk to step down as chief executive of the social media platform, a backlash against the billionaire less than two months after he took over in what has been a chaotic and controversial reign.
Musk said on Sunday he would abide by the results of the poll, but did not give details on when he would step down if results said he should. He had said that there is no successor yet.
“By Musk’s - and some analysts’ assertions – drastic measures are needed if Twitter’s business model is to remain viable. There’s an argument that without Musk at the helm, it’s going to be difficult to find someone with enough gusto to change the course of Twitter’s ship,” said Sophie Lund-Yates, analyst at Hargreaves Lansdown.- and reinstatement - of journalists’ accounts that drew condemnation from news organisations, advocacy groups and officials across Europe.
“Even Elon Musk’s biggest detractors didn’t imagine he would be making strategic decisions by his freshly-acquired social media platform in a Twitter poll but here we are,” said Russ Mould, investment director at AJ Bell. Tesla shares opened up about 2 per cent on Monday, but later fell to fresh two-year low of $145.82. The stock has lost nearly 60 per cent of its value this year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk to resign as Twitter boss if voted out by usersTwitter’s CEO of less than two months has set up a poll on the social networking site asking users to vote on whether he should step down.
Read more »
Elon Musk polls Twitter users over stepping down as CEO – business liveElon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platform
Read more »
Elon Musk seeks to sell shares as Twitter bleeds cashInvestors have been approached to purchase stock at the $US54.20 buyout price as the billionaire searches for new funds.
Read more »
Elon Musk offers to step down as head of TwitterTwitter owner and CEO Elon Musk says he will abide by the results of a Twitter poll asking users whether he should step down as head of the social media company.
Read more »
Elon Musk launches poll on whether he should quit as Twitter CEOBillionaire Twitter owner Elon Musk launched a poll on the social media platform on Monday, asking whether he should step down as head of the company, adding that he would abide by the poll results.
Read more »