In what could be a strange but fitting end to Musk's two-month tenure at the helm of the social media company, millions of users said in a poll that they wanted him to resign.
Musk promised toabide by the results of the poll, which asked if he should step down as head of the micro-blogging site.
Users overwhelmingly supported his resignation, as 57.5% of the 17 million respondents voted in favor of Musk's ousting. It's time to est.
He hasn't posted since late Sunday, when he shared a series of posts about the future of his company without him in charge.
After trying to back out of the deal for six months, Musk took control of the company on October 27th. The incumbent CEO was immediately fired by Musk and most other executives were also sacked. Many banned users were restored by Musk, mostly with far-right politics. A popular account that tracked the location of Musk's private jet, as well as accounts of several journalists who were critical of Musk, were suspended by the social media site. Advertisers stopped advertising on the site during Musk's reign, a huge blow to the company's bottom line.
Who would take over as the company's leader? The company is without a power source after Musk resigned and other top officials were fired. According to Musk, no one wants the job who can actually keep the social media platform alive.
Those who want power are the most deserving, according to Musk. It is not clear who Musk was referring to when he said that he was referring to someone. In a Delaware court last month, Musk testified that he didn't want to be CEO of any company and that he planned to find someone else to run it.
A majority of it. Since Musk disclosed he took a majority stake in the micro-messaging service on April 4, the S&P 500 has declined more than any other stock. After rising as much as 4.7% in pre-market trading on Monday, shares of the electric car maker fell as the day wore on.
The analyst said that this has been a black eye for Musk. If Musk quits and focuses on the "golden child" of the company, he will be able to read the room. After agreeing to buy the social media company, Musk sold his stake in the electric car company for over twenty billion dollars.
According to our estimates, Musk is the second-wealthiest person in the world, with a worth of $166 billion.
After Musk offered to step down as the CEO of the social networking site, the stock of the electric car maker surged in pre-market trading.
Most voters said yes when Musk asked if he should step down as CEO.