Elon Musk Takes A Poll On Whether to Step Down as Twitter CEO

Elon Musk has come under fire amid the recent policy changes on Twitter. Over the last few days, Musk has been at the helm of some major policy changes on Twitter. This has led to a few account suspensions and a lot more drama.

Amid all the chaos, Musk has taken it to a Twitter poll asking whether he should step down as the head of Twitter. The billionaire also said that he would be abiding by the results of the poll. The development comes just as Musk has been looking for new investors for the social media platform.

Should I step down as head of Twitter? I will abide by the results of this poll.

— Elon Musk (@elonmusk) December 18, 2022

With 6 hours left to the poll as of press time, 10.6 million votes have been cast with 56% stating that they want Musk to go. The recent decision comes just 45 days after taking over Twitter.

There have been major policy changes happening on the social media platform ever since Musk has taken over. This includes hiring half of its staff and also bringing back some of the previously barred accounts. Also, there’s been a lot of chatter on Wall Street that Musk’s Twitter antics are negatively impacting the Tesla stock.

Twitter Bans Journalists

In one of its kind attempt to restore free speech on the platform, Twitter banned a few journalists from CNN and The Washington Post alleging that they were doxxing his location. However, this move saw major condemnations from the United Nations as well as the American Civil Liberties Union calling it a “dangerous precedent”.

Over the weekend, Twitter also announced policy changes saying that it would bar accounts created solely to promote other social media platforms. However, this led to the suspension of one of the most prominent accounts which led Musk to intervene and said that he would make a few adjustments to the policy, just hours after its introduction.

These swift changes in Twitter policy have also made it difficult for users and advertisers to cope up. It has also brewed major unpredictability about the content.

Correcting his act, Musk wrote: “Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again”.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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