Musk quits at Twitter CEO

The billionaire businessman has promised to abide by the results of his online poll asking whether he should step down as head of the social media platform.

After less than two months of Elon Musk leading Twitter, the public is hungry for change, according to a Twitter survey by the controversial billionaire.
AFP

After less than two months of Elon Musk leading Twitter, the public is hungry for change, according to a Twitter survey by the controversial billionaire.

Twitter users have voted in favour of billioniare businessman Elon Musk quitting as company CEO, in a poll he personally organised and promised to honour, just weeks after he took charge of the social media giant.

On Monday, a total of 57.5 percent of more than 17 million accounts voted for him to step down. Musk, who is also the boss of car maker Tesla and rocket firm SpaceX, has not yet responded.

He took over Twitter only on October 27, and has repeatedly courted controversy, sacking half of its staff, readmitting far-right figures to the platform, banning journalists and trying to charge for previously free services.

Analysts have also pointed out that the stock price of Tesla has slumped by one-third since the Twitter takeover.

"It's hard to ignore the numbers since [Twitter] deal closed," tweeted investment expert Gary Black, saying he reckoned Tesla's board was putting pressure on Musk to quit his Twitter role.

In discussions with users after posting his latest poll, Musk claimed he had no successor in mind and renewed his warnings that the platform could be heading for bankruptcy.

Dorsey bemused

The unpredictable billionaire posted the poll shortly after trying to extricate himself from yet another controversy.

On Sunday, Twitter users were told they would no longer be able to promote content from other social media sites.

But Musk seemed to reverse course a few hours later, writing that the policy would be limited to "suspending accounts only when that account's *primary* purpose is promotion of competitors".

"Going forward, there will be a vote for major policy changes. My apologies. Won't happen again," he tweeted.

The attempted ban had prompted howls of disapproval and even bemused Twitter co-founder Jack Dorsey, who had backed Musk's takeover.

He questioned the new policy with a one-word tweet: "Why?"

Several controversies

Musk has generated a series of controversies in his short reign.

Shortly after taking over the platform, Musk announced the site would charge $8 a month to verify account holders' identities, but had to suspend the "Twitter Blue" plan after an embarrassing rash of fake accounts.

It has since been relaunched.

On November 4, with Musk saying the company was losing $4 million a day, Twitter laid off half of its 7,500-strong staff.

In recent days, he suspended the accounts of several journalists after complaining some had published details about the movements of his private jet, which he claimed could endanger his family.

Employees of CNN, The New York Times and The Washington Post were among those affected in a move that drew sharp criticism, including from the European Union and the United Nations.

Some of the suspended accounts have since been reactivated.

READ MORE: Is Musk-led Twitter heading for a clash with EU's stringent IT rules?

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