World

Elon Musk’s Twitter Poll Closes

Elon Musk, Twitter CEO, had opened a poll, asking people’s opinion if he should quit as the chief of the micro-blogging platform. The poll comes just a little over a month after the Tesla Chief concluded a deal to take over the company.

In the poll, it was seen that more than half of the voters desired to see Musk step down as the chief of Twitter. More than half who took part in the poll voted in favor of the move.

According to the poll the billionaire launched on Sunday evening, about 57.5% votes were for “Yes”, while 42.5% were against the idea of Musk stepping down as the head of Twitter. Over 17.5 million people took part in the vote.

Tesla shares soared in anticipation of Musk stepping back from Twitter. Tesla’s stock rose as much as 5.3% before the start of regular trading Monday. The shares have plunged 58% since Musk disclosed in early April that he’d taken a stake in Twitter, underperforming the 15% drop in the S&P 500 Index.

Tesla closed last week at a two-year low, costing Musk his position atop the Bloomberg Billionaires Index. While its CEO has been preoccupied with Twitter, the carmaker has been cutting prices and production in China and offering incentives for customers to take delivery of vehicles in the US.

Also read: Elon Musk: The richest slips to number 2, Adani on 3rd stratum

Musk, who has lost his title as the world’s richest person earlier this month, also founded tunnelling enterprise Boring Company, backs medical device company Neuralink and heads rocket company SpaceX.

Tesla has already lost nearly 60% of its value this year, as, like other carmakers, it battles supply chain issues and increasing competition in the EV space.

Last month, Musk told a Delaware court that he would reduce his time at Twitter and eventually find a new leader to run the social media company.

Replying to one Twitter user’s comment on a possible change in CEO, Musk said on Sunday “There is no successor”.

Spriha Rai

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

6 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

7 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

7 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

8 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

8 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

8 hours ago