There is a new update on Dec 19, 2022, 05:22amEST.
Amid growing backlash about recent rule changes and banning of prominent journalists from the platform, Musk launched a poll on Sunday asking if he should stay on as CEO.
In a poll, Musk asked if he should step down as CEO.
As of Monday morning, more than 15 million votes had been cast in Musk's poll, with more than half of them calling on him to step down as CEO.
After apologizing for banning users from posting links to other social media sites, Musk decided to give users the chance to vote on all major policy changes at the platform.
In line with Musk's promise, the official account is asking users if the platform should ban links from competing social media sites
More than 85% of respondents are against this policy.
As investors question his commitment to the electric vehicle company, Musk has offered to step down as CEO.
In the past three months, the value of the company's shares has fallen by more than half. One of the most public pushbacks against the CEO of the company was from a billionaire who claims to be the third largest shareholder in the company. Koguan implied last week that the company's board should try to replace Musk with a "working full time CEO." Koguan said on Sunday that he wished Musk would stay on as the CEO of the company and that someone else would take over at the social networking site. Over the course of the past year, Musk has sold over 40 billion of his company's shares.
Gary Black, the Managing Partner of the Future Fund, believes that the outside directors of the company are trying to get Elon Musk to give up his role as CEO of the company. Since the deal closed on October 27th, it is hard to ignore the numbers.
Our estimates show that Musk's net worth has fallen from a peak of $320 billion in November 2016 due to the poor performance of his company's stock. The gap between Musk's and Arnault's wealth has continued to grow since last week.
Musk moved further away from the title of richest person in the world.
There is a ban on promoting other social media sites.
All Rights Reserved © 2024
