Earlier this past week, Twitter CEO Elon Musk uploaded a public voting poll to his verified Twitter account that allowed consumers to openly speak about his short time as CEO. The poll contained two opinions, “yes” or “no,” followed by a short question – “Should I step down as head of Twitter? I will abide by the results of this poll,” the 51-year-old businessman wrote.
After 17,502,391 total votes, Elon swiftly publicized the results of the poll showing a majority of 57% of voters insisting that he steps down, compared to the remaining 43% that wants him to continue. The multi-billionaire stated in response to the results, “I will resign as CEO as soon as I find someone foolish enough to take the job. After that, I will just run the software and servers teams.”
Twitter analyst Colin Rusch gave more of an explanation on why he thinks consumers are not continuing to support Musk at the top of the platform: “We believe Mr. Musk is increasingly isolated as the steward of Twitter’s finances with his user management on the platform and we see the potential for a negative feedback loop from the departure of Twitter advertisers and users… We believe banning journalists without consistent defensible standards or clear communication in an environment where many people believe free speech is at risk is too much for a majority of consumers to continue supporting Mr. Musk/TSLA; particularly people ideologically aligned with climate change mitigation.”