Elon Musk says he will heed Twitter poll asking him to resign

Elon Musk says he will “adhere” to a Twitter poll calling for him to step down as the social network’s CEO, but has not given details on when he will step down or who might replace him.

The poll, created by Mr Musk, received 17.5 million votes. 57.5 percent voted for his resignation as CEO.

The embattled entrepreneur faced a storm of controversy over blocking and then unblocking tweets and accounts with links to competing social media networks.

He has also come under fire for banning the accounts of journalists who linked to articles or posts on Mastodon covering the whereabouts of his private jet.

Criticism of his leadership from Twitter has coincided with an unprecedented drop in Tesla’s stock value, which has fallen over 30 percent since Mr Musk took the CEO job in November. That’s a far steeper drop in stock value than any other high-profile tech company over the period.

Tesla is down 62 percent in value for the year, compared to 44 percent for Ford and 40 percent for General Motors. Apple and Google are down 26 percent and 38 percent, respectively, while Meta is also down 62 percent.

Mr Musk tweeted that finding a successor could be difficult.

“The question isn’t finding a CEO, the question is finding a CEO who can keep Twitter alive,” he said. “No one wants the job that can actually keep Twitter alive.”

In response to an executive who offered to run the company, he tweeted, “You’ve got to put your life savings into Twitter and it’s been on the fast track to bankruptcy since May.”

Twitter has laid off most of its employees since Mr Musk took over in November. He has since criticized former executives for what he describes as a left-leaning bias, also labeling some as dangerous activities.

He has also responded positively to conspiracy theories surrounding the US government’s Covid policy, tweeting that his “pronouns are prosecuted/Fauci,” a reference to conspiracy theorists’ claim that US Health Official Anthony Fauci broke the Covid rules not applied properly.

Earlier this month, the head of Twitter’s Irish office, Sinead McSweeney, obtained a High Court injunction preventing Mr Musk from arbitrarily dismissing her.

https://www.independent.ie/business/technology/elon-musk-says-he-will-abide-by-twitter-poll-asking-him-to-step-down-42229765.html Elon Musk says he will heed Twitter poll asking him to resign

Fry Electronics Team

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