Elon Musk's Vote Receives Overwhelming 'Yes' for CEO Resignation from Majority
Elon Musk, the billionaire entrepreneur known for leading Tesla and SpaceX, has been facing criticism since taking charge of Twitter in late 2022. In a significant development, Musk initiated a poll on the platform regarding his future as CEO, and the results have sparked debate.
In December 2022, Musk posed a question to his 120 million followers: "Should I step down as CEO of Twitter?" The poll received an unprecedented response, with over 17.5 million users casting their votes. A majority of 57.5% voted in favour of Musk stepping down, while 42.5% voted against.
However, as of July 2025, Musk remains the CEO of Twitter, indicating he has not yet stepped down despite the poll results. Musk, known for respecting public opinion and honoring polls placed on Twitter in the past, has yet to respond to the poll's findings.
Musk's leadership at Twitter has been controversial. Dan Ives, an analyst at Wedbush Securities, predicts that Musk's management is causing controversy, leading to advertisers leaving and potentially impacting Twitter's revenue. Musk's time spent on social media has been a concern for some, as Tesla shares have more than halved year-to-date, and he needs to focus on getting the main business back on track.
Investors of Tesla are expected to closely observe Musk's involvement with Twitter going forward. Russ Mould, an analyst at AJ Bell, anticipates that shareholders in Tesla will breathe a sigh of relief if Musk steps back from Twitter and returns to the day job at Tesla.
Musk's leadership style has also sparked heated debates and a mass exodus of employees at Twitter. A former Twitter employee criticized Musk, stating he is "showing himself to be the incompetent fool we all knew he was." Musk made sweeping changes at Twitter, firing nearly half of the employees and rolling out a verification function that was later put on hold.
The UN and EU have taken a stand on media freedom, with the UN declaring it "not a toy" and the EU warning Twitter of potential sanctions. Twitter's suspension of several news reporters covering the platform has been met with criticism from the United Nations and European Union. Musk has been criticized by civil liberties groups for his proposed methods of content moderation, with concerns about a rise in hate speech and false information.
Despite the controversies, Musk has been actively engaging with his followers on other polls and initiatives, such as proposing a new political party, the "America Party," which has garnered mixed but significant interest. Changpeng Zhao, an investor in Twitter and other companies, made a $500m investment toward Musk's takeover of the company.
As Musk's future at Twitter remains uncertain, one thing is clear: the poll results have signalled a desire for change among Musk's followers, and investors will be closely watching how this unfolds.
[1] Source: [Link to the original poll] [2] Source: [Link to the "America Party" announcement] [3] Source: [Link to the news article about the "America Party" garnering interest]
- The outcome of Elon Musk's poll regarding his role as Twitter's CEO, with a majority voting for him to step down, has signaled a desire for change among his followers, a shift that investors of Tesla, where Musk is also the CEO, will closely observe. [Source: Link to the original poll]
- The net worth of Elon Musk, already substantial from his success with Tesla and SpaceX, might be affected by the controversies surrounding his leadership at Twitter, particularly as advertisers leave due to the management turmoil and potential impact on Twitter's revenue. [Source: Link to the news article about advertisers leaving Twitter]
- In the realm of business and technology, Elon Musk's investment in Twitter, which includes his controversial leadership, has drawn attention from various sectors, including finance, civil liberties groups, and even political parties such as the proposed "America Party." [Source: Link to the "America Party" announcement]
