Business Talk Magazine

Elon Musk, the newly appointed CEO and owner of Twitter, launched an informal poll of the site’s users on Sunday, asking if he should resign. At the poll’s conclusion on Monday at 06:20 ET, 57.5% of respondents wanted the billionaire to leave. By the time the survey was over, more than 17 million people had done the same.

Even though it’s uncertain what he’ll do, Musk said in his tweet that he will follow the poll. Musk stated in court in November that he is attempting to work less at Twitter and identify a deserving successor to oversee it. But he noted in a tweet on Sunday that he doesn’t currently have a replacement. Finding a CEO isn’t the issue; rather, it’s finding a CEO who can keep Twitter alive, he said.

However, the poll followed an online uproar when the “Chief Twit” (as he has dubbed) announced abrupt modifications to Twitter policy in the previous week. For instance, on Sunday, Twitter unveiled a new social media platform promotion rule that forbade users from posting links to certain of their other social network profiles. Paul Graham, the founder of Y Combinator, and other ardent supporters of Elon Musk voiced their outrage at the policy, leading Musk to retract his statement and issue an apology.

Musk’s stewardship of Twitter is affecting his other businesses and generating questions about it. To pay for the acquisition of Twitter, he sold shares of Tesla valued at billions of dollars. Additionally, he has recruited executives, engineers, and lawyers from SpaceX and Tesla to help him at Twitter. His performance as the CEO of Twitter, however, has mostly or obviously negatively affected his other businesses, such as Tesla.