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Elon Musk may resign as Twitter CEO

by Marcus Amudipe
December 19, 2022
in News
Reading Time: 2 mins read
Fraud: Musk faces trial over 2018 Tesla tweet
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Twitter’s new chief executive officer, Elon Musk, may consider resigning after less than two months in the position.

Musk asked tweeps to vote on whether he should step down as Twitter’s CEO via his verified handle on Sunday night, adding that he would follow the poll’s results.

He tweeted, “Should I step down as head of Twitter? I will abide by the results of this poll.”

As of Monday morning, with about six hours to the end of the poll, “Yes” was winning by a margin of 56.3% to 43.7%

Since purchasing Twitter and taking over as CEO in late October, Tesla’s billionaire owner has been embroiled in a series of controversies involving the ‘blue app.’

Musk began making controversial changes to the company’s policy and personnel after purchasing the company for $44 billion from its former CEO, Jack Dorsey.

He fired several of Twitter’s top executives and half of the company’s employees shortly after becoming CEO, and he announced a ban on remote working for the company’s remaining, lucky employees.

The remaining employees were then given the choice to work “extremely hard” or leave, and as a result, hundreds or even thousands of them left the business.

Employees who publicly opposed the new CEO’s policies or tweets were let go.

Musk then revealed a new strategy to make the social media platform’s verification badge more lucrative, which caused a stir among Twitter users.

He initially suggested a $20 monthly blue badge subscription fee, which he later reduced to $8.

He frequently altered Twitter’s policies without prior notice and by executive fiat, and he also banned users who disobeyed his new regulations.

Following a heated argument with the host of a Twitter Space he attended, Musk recently disabled the Twitter Space feature from the app. However, the company asserted that Space was shut down due to a minor error. After user complaints, it was later restored.

Musk tweeted Sunday night that every significant policy change would now be put to a vote in what appeared to be remorse for his unannounced policy changes.

He wrote, “Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again.”

Tags: Elon MuskTwitter
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