Elon Musk Twitter poll set to decide if Tesla mogul stays Twitter CEO

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SAN FRANCISCO — The future of Twitter under Elon Musk hangs in the balance Monday morning as a poll is held to determine whether the tech mogul will remain CEO of the social media site he bought for $44 billion.

Late Sunday, Musk launched a Twitter poll asking his 122 million followers, “Should I step down as head of Twitter?” He said he would abide by the results, later adding, “As the saying goes, be careful what you wish for, for you may get it.”

The billionaire and self-proclaimed “Chief Twit” bought the company for $44 billion in October and named himself CEO. It has since become a frequent subject of his tweets, and employees have said he makes regular visits to the company’s San Francisco headquarters.

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But that has led to concerns among investors — especially in Tesla — that the entrepreneur is too lean. Some have questioned his effectiveness as the CEO of two major tech companies, wondering if he can effectively fill both roles at once alongside the head of the rocket company SpaceX.

Adding fuel to the fire, Musk has been known to run polls to confirm decisions he’s already made, perhaps most famously when he asked Twitter if he should sell 10 percent of his stake in Tesla. Later, the filings revealed that Musk had already adopted a trading plan, at least partially casting doubt on the poll.

Musk and Twitter did not immediately respond to a request for comment on Sunday night.

Musk made a flurry of changes on Twitter, where he said fixing the company’s code is the number one priority. He fired about half of the company’s 7,500 employees and issued an ultimatum a hardcore culture that caused hundreds of others to leave, and changed the rules of Twitter in the blink of an eye and by relying on polls — including reinstating former President Donald Trump.

It’s not immediately clear how much would change if Musk stepped down as CEO, as he would still own the company along with his co-investors.

Musk previously indicated that he had no plans to remain in charge of Twitter in the long term. He testified in Delaware court last month that he planned to find someone else to run Twitter and scale back his time with the company. He took the stand in response to a Tesla shareholder lawsuit alleging he was overpaid for his work in a 2018 compensation package from the car company, while dividing his time between several other companies.

The unscientific and unrepresentative poll on Musk’s leadership came after a whirlwind week for Musk. Tesla’s stock price fell about 15 percent last week, capping a dismal performance in recent months as some investors called for him to step down from leadership at one of his companies to better focus.

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On Wednesday, Musk abruptly suspended an account tracking his private jet by using publicly available data. He followed that up the next day by suspending reporters who apparently tweeted about it — accusing them of posting “basically murder coordinates” for him and his family. Musk launched a poll on Thursday in which users voted to reinstate those who had been banned.

On Sunday, as Musk tweeted from the World Cup finals while looking next to former Trump adviser Jared Kushner, Twitter enacted new rules barring users from repeatedly promoting rival social media networks on the site, calling it “free promotion.” against the rules. Hordes of users, including some of Musk’s own supporters, rejected the new policy as draconian, despite Musk’s promise to restore what he called “free speech” to the site.

Musk’s new policy also banned the promotion of Facebook, Instagram and the Truth Social app, which was co-founded by Trump.

Musk issued a rare apology on Sunday after Twitter issued new rules barring users from repeatedly promoting rival social media networks on the site, saying he would put future policy decisions to a vote.

Later that night, @TwitterSafety tweeted a poll asking, “Should we have a policy that prohibits the creation or use of existing accounts for the primary purpose of promoting other social media platforms?”

The tweets and the page with the new policy banning content from external networks also appeared to have been removed.

Musk’s poll on his leadership was set to end early Monday morning, before the opening of trading on Wall Street, where Tesla has lost half of its more than $1 trillion valuation from the spring.

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“Those who want power are those who deserve it least,” Musk tweeted late Sunday, as millions of users voted and the poll leaned toward his resignation.

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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