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Twitter users voted on Monday to oust controversial owner Elon Musk as CEO in a poll he organized and promised to honor, just weeks after he took charge of the social media giant.
A total of 57.5 per cent 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 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?”
Perfect storm
Musk has generated a series of controversies in his short reign.
Analyst Dan Ives from Wedbush called his tenure a “perfect storm”.
He flagged that “advertisers have run for the hills and left Twitter squarely in the red ink potentially on track to lose roughly $4 billion per year we estimate”.
