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Why Elon Musk may step down as Twitter CEO

admin by admin
December 19, 2022
in Tech
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Why Elon Musk may step down as Twitter CEO
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Akinwande Soji-Ojo

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Twitter owner, Elon Musk, may consider stepping down as the Chief Executive Officer of the microblogging site after less than two months on the job.

Musk tweeted a poll via his verified handle on Sunday night asking people to vote on whether he should step down as Twitter’s CEO, adding that he would abide by the poll’s results.

“Should I step down as head of Twitter? I will abide by the results of this poll,” he tweeted.

As of 7am on Monday morning, with less than five hours to the end of the poll, “Yes” was winning by a margin of 56% to 44%.

Since buying Twitter and taking over as CEO of the microblogging site in late October, the billionaire owner of Tesla has been involved in a series of controversies.

After buying the company for $44 billion from its former CEO, Musk began to make some controversial changes to the company’s policy and personnel.

He sacked several of Twitter’s top executives and half of the company’s staff immediately after becoming CEO, and announced a stop to remote working for the remaining lucky employees.

He subsequently gave the remaining staff an ultimatum that they needed to do “extremely hardcore” work or leave, an announcement that saw hundreds of the remaining staff quit the company

The new CEO has fired employees who openly disagreed with his policies or tweets.

Musk also went on to announce a new policy to commercialise the verification badge on the social media platform, a policy which elicited among among users.

He first proposed a $20 monthly subscription fee for the blue badge, which he later slashed to $8.

He has frequently changed Twitter’s rules by executive fiat and with no prior notice and has banned tweeps who violated his new rules.

Recently, Musk disabled Twitter Spaces feature from the app after having a heated argument with some journalists.The company, however, claimed that Space was disabled because of a little glitch. It has since been restored after criticism from users.

In what appears to be like a remorse for his unannounced policy changes, Musk tweeted Sunday night that every major policy change would now be subjected to a vote

“Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again,” he wrote.

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