Monday, December 19, 2022

10M Twitter Users Vote for Musk to Step Down as CEO


Elon Musk asked his 122 million Twitter followers if he should step down as head of the social media platform. They voted in favor early Monday. Musk had promised to abide by the results of the poll.

The poll was started after Twitter said Sunday it will ban posts and accounts that promote rival social media platforms, including Meta Platforms-owned Facebook and Instagram and newer platforms Mastodon and Post. It will continue to allow paid promotions for any of those social media, however.

Former President Donald Trump’s Truth Social is also included in the ban, which involves both links to the other social media platforms and accounts that tell followers where to find them on the listed platforms. TikTok is notably missing from the ban, and cross-posting is still allowed.

Twitter is still adjusting under Musk, who courted controversy last week for suspending journalists’ accounts. Some users have been using their Twitter profiles to signal their accounts on rival platforms.

The latest policy attracted criticism in a flood of tweets on Sunday, including one from one of its founders, Jack Dorsey, who tweeted, “doesn’t make sense.” Paul Graham, a prominent Silicon Valley figure, had his account suspended on Sunday.

What’s Next: The Twitter drama has raised concerns among Tesla shareholders that Musk has lost focus on the EV company as the stock is down 57% this year. Some prominent Tesla investors want its board to take action, including the possibility of a stock buyback to support the price.

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