Billionaire chief executive of Tesla insists there is no successor in the wings at social media platform.
The decision to step down as chief executive had also been hinted at long before the Twitter poll was published. A decision to ban an account that tracked the location of his private jet last week was followed by a mass suspension of critical journalists who reported on the ban. [he said](https://twitter.com/elonmusk/status/1604628761395138561) on the social network. Won’t happen again.” The move was the final straw for some. “There is no successor.” [Replying](https://twitter.com/elonmusk/status/1604626103326253056) to another user who said they could do the job, Musk added: “You must like pain a lot. “No one wants the job who can actually keep Twitter alive,”
The move affects content from platforms including Facebook, Instagram, Mastodon, Truth Social, Tribel, Nostr and Post, the company said in a tweet. But cross- ...
"For someone who sets so much store by work ethic, Musk sure seems to spend a lot of time on social media. However, Mr Musk later tweeted that major policy changes for the site would be voted on in the future. In the past Mr Musk has obeyed Twitter polls. Mr Musk is yet to comment since the poll closed. Mr Ives said he believed Mr Musk had realised he "cannot balance" being the boss of Twitter as well as his Tesla and space rocket firm SpaceX. Mr Ives said the last few weeks and months had been a "black eye for Musk and a black eye for Tesla", which he said was the "golden child" because it is where most of the billionaire's wealth is. "Given how much of a distraction Musk's tenure at Twitter has become, shareholders in the electric vehicle manufacturer will be breathing a big sigh of relief if he steps back from Twitter and gets back to the day job at Tesla," he said. After starting the poll, Mr Musk tweeted: "As the saying goes, be careful what you wish, as you might get it." Dan Ives, senior equity analyst at Wedbush Securities, told the BBC before the poll closed that he believed the vote would ultimately lead to the ending of Mr Musk's reign as Twitter chief executive, and that he would probably name a new temporary CEO "in the next 24 hours". A former Twitter member of staff, who left the company recently, told the BBC that Mr Musk was "showing himself to be the incompetent fool we all knew he was". Minutes before the poll closed, the founder of crypto exchange Binance replied to Mr Musk saying he should "I imagine he's getting pressure from investors to step down and is using this poll to make it look like he's following the will of the people instead of the will of those paying his bills."
The tech billionaire says he will abide by the poll's outcome. US-INTERNET-TWITTER-MEDIA. Elon Musk's Twitter ...
[mass layoffs](https://www.politico.eu/article/twitter-fires-employs-worldwide/) and allowing previously banned users to return to the platform. [asked users](https://twitter.com/elonmusk/status/1604617643973124097) whether he should "step down as head of Twitter" on Sunday, in a post featuring a Twitter poll. Over 57 percent of those who voted responded that Musk should stand down.
Elon Musk says that he will “abide” by a Twitter poll calling for him to step down as CEO of the social network, but has not given any detail as to when he ...
Twitter has fired most of its staff since Mr Musk took over in November. “No one wants the job who can actually keep Twitter alive.” Tesla is down 62pc in value for the year, compared to 44pc for Ford and 40pc for General Motors.
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He wrote on Twitter the policy would be “adjusted” to only suspending accounts “when that account’s *primary* purpose is promotion of competitors”, adding: “Going forward, there will be a vote for major policy changes. “Should I step down as head of Twitter? Overnight, Mr Musk also liked a Tweet reading: “When a clown moves into a palace, he doesn’t become a king. It was not immediately clear whether this is an actual Turkish proverb. The palace becomes a circus. “No one wants the job who can actually keep Twitter alive.
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Mr Musk says he will abide by a new poll in which he asks if he should step down as the head of Twitter. However, tweets about the new policy and a webpage linked to it are later deleted and Mr Musk apologises. He had also criticised the company’s app store fees and accused the company of hating free speech. Mr Trump had been banned since a pro-Trump mob attacked the US Capitol on January 6 2021 as Congress was poised to certify Joe Biden’s election victory. He warns users that they should be be careful what they wish for. Mr Musk says staff who do not agree to this ultimatum will be let go. Then, in his first act as owner, Mr Musk sacks several top executives. “Should I step down as head of Twitter? “One thing I’d say is expect the unexpected. Mr Musk says he is granting an “amnesty” to other previously suspended accounts after hosting a Twitter poll on the issue, allowing them to return to the site, something online safety experts say would lead to new waves of abuse and harassment on the platform. Mr Musk tweets a video of himself walking into Twitter HQ carrying a sink with the caption “let that sink in” as he takes control of the company after a protracted and often tense takeover process. Elon Musk has said he will abide by a Twitter poll that has seen users vote for him to step down as the head of the social media platform.
We'll send you a myFT Daily Digest email rounding up the latest Twitter Inc news every morning. Twitter users have voted for Elon Musk to step down as the ...
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The Twitter C.E.O. wrested the titled from Donald J. Trump, who had won the honor every year from 2016 to 2021.
The Time editors’ decision drew no immediate response from Musk, who was preoccupied with a Twitter poll asking his followers what he should have for lunch. In bestowing the title on Musk, Time cited the Twitter C.E.O.’s “nonstop but fruitless efforts to fill the yawning chasm of his soul by seeking the attention of indifferent strangers.” Most impressive, he wrested the title from Donald J.
Elon Musk's poll, asking whether he should stand down as the boss of Twitter, appeared hours after he was photographed at the World Cup final in Qatar. That photo tells us two things: firstly, Musk was standing beside Jared Kushner - the son-in-law of ...
Perhaps the future of this troubled firm lies not in the stars, but with feet firmly on solid ground. But perhaps he's now learning the hard way that social media, and the people who bring it to life, are not machines. Throw into that mix the unpredictability of Musk himself - and the ongoing risk that his next tweet could cause untold reputational damage and/or regulatory scrutiny. The finances are bleak according to Musk: he says Twitter is operating at a loss of $4m per day. After all, he put to the vote whether or not he should buy Twitter in the first place, when this entire circus began. It proves Musk was geographically in the vicinity of Saudi Arabia - home to Twitter's biggest investors.
Twitter might not matter that much, but policymakers cannot ignore the implications of the CEO's behaviour.
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The billionaire's short tenure so far has seen a number of controversial decisions, but what could this latest move mean for the site's future?
Should he choose to stay in post, however, he is likely to face more criticism and scrutiny than ever over his running of the company, including from regulators around the world and Tesla shareholders, who have seen stock values slide in the aftermath of Mr Musk’s Twitter takeover. There have been reports that shareholders in Mr Musk’s other firms would be happier with someone else being in charge of the day-to-day decisions of Twitter to prevent further damage to the Tesla boss’ wider credibility, business portfolio and shareholders’ own returns. Some commentators have suggested that very little may actually change if Mr Musk does give up his role as chief executive of Twitter because he still owns the company and ultimately can have the final say on any major decisions.
Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon Musk's takeover of Twitter.
Musk that appear not to be in the best interests of Tesla and its shareholders.” Musk is increasingly isolated as the steward of Twitter’s finances with his user management on the platform. “This use of Tesla employees raises obvious questions about whether Mr. “As the owner of Twitter, Mr. Musk/TSLA, particularly people ideologically aligned with climate change mitigation,” Rusch wrote. As part of his fiduciary duty to Tesla, Mr. Musk, who recently lost his status as the world’s richest person, has repeatedly unloaded Tesla shares in recent months, including [another $3.6 billion](https://www.cnn.com/2022/12/15/investing/elon-musk-tesla-stock-sale/index.html) worth earlier this month. “We believe Mr. Ross Gerber, a shareholder in both Twitter and Tesla, said over the weekend that he hopes Musk finds a CEO for Twitter during the first quarter of 2023. “Or, perhaps the opposite will occur. [(TSLA)](https://money.cnn.com/quote/quote.html?symb=TSLA&source=story_quote_link) Chair Robyn Denholm, the Massachusetts Democrat argued Tesla [(TSLA)](https://money.cnn.com/quote/quote.html?symb=TSLA&source=story_quote_link) shareholders may be hurt by its CEO’s ownership of Tesla [(TSLA)](https://money.cnn.com/quote/quote.html?symb=TSLA&source=story_quote_link) and questioned whether the electric car maker’s board is doing enough to address the issues it poses. [Musk disclosed](https://www.cnn.com/2022/04/04/investing/elon-musk-twitter-shares-stake/index.html) in early April that he had taken a major stake in Twitter, the Tesla’s shares have plunged by about 58%, a selloff that has erased nearly $800 billion of market value.
Whether or not his poll was genuine, Musk would be wise to take a step back from the social media site.
“This suggests that firms are choosing to increase fixed pay to compensate in-scope individuals as a consequence of the bonus cap constraint,” it says. It was a sound argument at the time, and it remains so. UK regulators opposed the bonus cap in the first place for reasons of financial safety: a bigger contractual bill for salaries leaves less room to preserve capital in a crisis by slashing discretionary bonuses. When the bonus ratio of a “material risk taker” – those covered by cap – gets close to 200%, their fixed pay tends to rise “much faster” than peers’ in the following year. Rather, it caps the ratio between the fixed and variable components of a pay packet. They want to be proud as hell to drive them – not embarrassed,” said Gary Black, the managing partner of Future Fund, whose biggest investment is Tesla, last week.
More than half of the 17.5 million respondents voted “yes” to Musk's Twitter question.
Musk said he never intended to be CEO of Tesla, and that he didn’t want to be chief executive of any other companies either, preferring to see himself as an engineer. Musk had to testify in Delaware’s Court of Chancery over a shareholder’s challenge to Musk’s potentially $55 billion compensation plan as CEO of the electric car company. [half of the workforce](https://apnews.com/article/elon-musk-twitter-inc-business-layoffs-c0334da78b3af9faf2f43cf3f6e52ffa), [axed contract content moderators](https://apnews.com/article/elon-musk-twitter-inc-technology-misinformation-social-media-a469130efaebc8ed029a647a149c5049#:~:text=Twitter's%20new%20owner%20Elon%20Musk,were%20out%20of%20a%20job.) and [disbanded a council](https://apnews.com/article/elon-musk-twitter-inc-technology-business-a9b795e8050de12319b82b5dd7118cd7) of trust and safety advisors. Musk also said he expected an organizational restructuring of Twitter to be completed in the next week or so. His Twitter account was promptly suspended, and then restored, as Musk reversed the policy implemented just hours earlier. “Again, the suspension occurred with no warning, process or explanation — this time as our reporter merely sought comment from Musk for a story,” Buzbee said. Twitter had announced that users will no longer be able to link to Facebook, Instagram, Mastodon and other platforms the company described as “prohibited.” He then took aim at journalists who were writing about the jet-tracking account, which can still be found on other social media sites, alleging that they were broadcasting “basically assassination coordinates.” Musk was questioned in court on Nov. Twitter gave no explanation for why the blacklist included some websites but not others such as Parler, TikTok or LinkedIn. The billionaire Tesla CEO Musk had attended the World Cup final Sunday in Qatar, where he opened the poll. After it closed 12 hours later, there was no immediate announcement from Twitter or Musk, who may be midflight on his way back to the U.S.
A number of famous individuals and celebrities were in attendance on Dec. 18, 2022, for the FIFA World Cup final match between Argentina and France. And while ...
Accessed 19 Dec. Snopes, 16 Dec. The Independent, 18 Dec. We had no additional information on why they were together. He was spotted in Qatar after A number of famous individuals and celebrities were in attendance on Dec. 2022, https://www.snopes.com/news/2022/12/16/elon-musk-jet-stalker/. 2022. And while many were watching French President Emmanuel Macron's
Qatar's real estate and tourism businesses aren't the only ones facing a day of reckoning as thousands of fans return home after the spectacular World Cup ...
The investors haven’t said anything yet, though Bloomberg’s Sarah Frier reports today how Musk’s ever-changing policies are [alienating regulators and free-speech advocates](https://www.bloomberg.com/news/articles/2022-12-19/musk-s-volatility-is-alienating-twitter-s-top-content-creators?srnd=premium-uk). [facing a day of reckoning](https://www.bloomberg.com/news/articles/2022-12-19/argentina-wins-world-cup-and-qatar-building-frenzy-reaches-its-day-of-reckoning?srnd=premium-uk) as thousands of fans return home after the spectacular World Cup finale last night. [the second largest investor](https://www.bloomberg.com/news/articles/2022-12-18/elon-musk-holds-poll-on-whether-he-should-step-down-at-twitter) in Twitter behind Musk, while the Qatar Investment Authority has poured $375 million in the social media platform.
After being spotted relaxed at the World Cup with Jared Kushner, the Tesla CEO lost an online poll on whether he should stay on as Twitter boss.
Whoever replaces Musk will have to deal with the same problems. The big question, though, is whether Twitter can be saved by a competent administrator like Shotwell – or if it’s too tied up in US culture wars to be quietly and soundly managed. Nasa administrator Bill Nelson told reporters last week that he asked Shotwell if Twitter would be a “distraction”, and she said it wouldn’t. She joined in 2002, the same year Musk founded the company, and her job is still about carrying out his vision. He then suspended the accounts of some prominent journalists who reported on the furore, then banned any promotion of “third-party platforms”, after users began discussing where they would go when they left Twitter. But the damage appears to have been done.
The weekend brought more chaos at Twitter. Tesla closed at a two-year low. And Musk, who spent Sunday palling around with Jared Kushner in Qatar, ...
[to question](https://www.cnbc.com/2022/12/18/twitter-says-it-will-no-longer-allow-free-promotion-of-other-social-media-platforms.html) the move. Other journalists recently suspended from Twitter [include](https://www.thedailybeast.com/elon-musk-suspends-insiders-linette-lopez-another-reporter-who-pissed-him-off) Business Insider’s Linette Lopez, a reporter known for enterprising investigations into Musk’s empire, [and](https://nypost.com/2022/12/19/elon-musk-briefly-suspends-taylor-lorenzs-twitter-account/) The Washington Post’s Taylor Lorenz, a tech writer who has frequently [questioned](https://www.washingtonpost.com/technology/2022/11/24/twitter-musk-reverses-suspensions/) Musk’s changes to Twitter. (Lorenz’s account has since been reinstated.) Last week Twitter [also suspended](https://www.vanityfair.com/news/2022/12/elon-musk-assassinated-censors-twitter) multiple high-profile journalists for merely reporting on the @ElonJet debacle. My apologies,” [tweeted](https://twitter.com/elonmusk/status/1604616863673208832) Musk following the policy’s reversal. Mastodon, a small Twitter competitor that has seen [steady growth](https://absolutelymaybe.plos.org/2022/12/05/mastodon-growth-numbers-might-not-mean-what-you-think-they-mean/) since Musk’s Twitter takeover, appears to have been the main target of this tack, which was announced via tweets—which were later deleted. “This has been a black eye moment for Musk and been a major overhang on Tesla’s stock which continues to suffer in a brutal way since the Twitter soap opera began with brand deterioration related to Musk,” [wrote](https://www.newsweek.com/elon-musk-poised-step-down-twitter-ceo-public-rejects-him-1768096) Wedbush Securities analyst Daniel Ives in a note to clients Monday. “There is no successor.” In another, Musk [wrote](https://twitter.com/elonmusk/status/1604621101245419520) that the “question is not finding a CEO, the question is finding a CEO who can keep Twitter alive.” And after podcaster Lex Fridman, who has hosted Musk, offered to take the reins at Twitter, Musk [replied](https://twitter.com/elonmusk/status/1604626103326253056) by alluding to the “pain” the platform has caused him. (“Other” won a plurality of the vote.) [angered](https://www.cnbc.com/2022/12/19/elon-musk-in-twitter-poll-asks-if-he-should-step-down-as-twitter-ceo.html) by his obsession with a social media side project. [second-richest](https://www.foxbusiness.com/markets/elon-musk-no-longer-worlds-richest-person) man suspend a number of journalists from Twitter, [feud with](https://www.foxnews.com/media/elon-musk-clashes-with-twitter-files-journo-bari-weiss-after-she-criticizes-journalist-suspensions) ally Bari Weiss, and ban links to Twitter’s social media competitors—an ill-advised policy that was later seemingly retracted—Elon Musk spent part of his Sunday watching the World Cup final in Qatar with Jared Kushner. [billions in Tesla shares](https://www.thestreet.com/technology/tesla-falls-victim-to-elon-musks-takeover-of-twitter), startling top investors in the EV company. Musk has yet to comment on the results, and there are no clear signs that he is stepping down in the near future.
The billionaire says only paid Twitter Blue subscribers will be able to vote in future policy-related polls on the platform.
That led in turn to an exodus of some engaged users to other social networks, chiefly its decentralised competitor Mastodon, whose own account was banned for posting a link to the jet tracker’s account on the rival platform. His silence was finally broken when he responded with “Interesting” to multiple suggestions that the results of the poll were skewed by fake accounts. [told a Delaware judge](https://www.theguardian.com/technology/2022/nov/16/musk-twitter-reduce-time-handover) that he planned to reduce his time at Twitter and “find somebody else to run Twitter over time”. [after one poll in 2021](https://twitter.com/elonmusk/status/1457064697782489088?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1457066048944066565%7Ctwgr%5Ee47a790e3036bafe3c438bea0d85984c8812eba8%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2021%2F11%2F06%2Felon-musk-is-using-a-twitter-poll-to-decide-the-future-of-his-tesla-stock.html), restoring Donald Trump’s account [after a second last month](https://twitter.com/elonmusk/status/1593767953706921985) and reinstating a number of suspended accounts [after a third](https://twitter.com/elonmusk/status/1595473875847942146). That ban was rescinded by the end of the day, after a Twitter poll from the Twitter Safety account, with A decision to ban an account that tracked the location of his private jet last week was followed by
More than 17.5m votes cast on Twitter poll, with 57% telling the controversial boss it is time to go.
The idea of Musk as a free-speech absolutist appears to have been abandoned. More than 17½ million votes were cast on the poll, with 57 per cent telling Musk it was time to go. Is Elon Musk about to step down as chief executive of Twitter?
Some online safety groups have accused the billionaire of allowing hate, abuse and misinformation to more easily circulate on the platform because of his ...
“Consumers have sent a strong message to Musk today as Twitter users voted in favour of him stepping down as CEO of the social media platform, after Musk stated he would abide by the results of the poll. Antoine Argouges, chief executive and founder of the ethical investment firm Tulipshare, said: “Elon Musk’s decision to call on Twitter users to vote on whether he should remain the CEO is the latest in a string of controversial decisions that is undermining his reputation and credibility with shareholders. Elon Musk is still yet to confirm whether he will abide by the result of a Twitter poll that showed millions of users believe he should step down as chief executive of the site.
Elon Musk has said only Twitter Blue subscribers will be able to vote in future policy-related polls on the platform in his first comments since millions of ...
Some online safety groups have accused the billionaire of allowing hate, abuse and misinformation to more easily circulate on the platform because of his free speech principles. Twitter will make that change.” The result was confirmed on Monday morning, with 57.5% of the more than 17.5 million accounts that voted saying he should withdraw from his role.
“Twitter will make that change,” Musk tweeted, in a reply to a user suggesting that only those who pay for the platform should be allowed to vote. The policy ...
in sixth place, according to analytics company [Kepios](https://datareportal.com/essential-twitter-stats). in the second quarter of 2022, according to [tweeted](https://twitter.com/elonmusk/status/1604985324505030658?s=46&t=ETMX2gtLQVofJeuW4YGQqA), in a reply to a user suggesting that only those who pay for the platform should be allowed to vote. banned the practice in 1964 through the Twenty-fourth Amendment to the U.S. The social media company says it has “plans to expand” elsewhere. Twitter Blue is state governments often used poll taxes to suppress the voting rights of Black Americans, before the U.S. Musk then asked users to vote on whether he should step down as CEO. His pledge came after the social media company was blasted for introducing a new rule barring users from sharing links to competing social media platforms, like Instagram or After Musk suggested that only Twitter Blue customers could vote, users made reference to the “poll tax,” or a tax where people pay a flat fee to the government, regardless of wealth or income. Twitter has since reinstated the suspended accounts. A majority of users in two consecutive polls said that Twitter should unban accounts immediately.
Elon Musk said on Monday Twitter Inc will restrict voting on policy-related polls to paying Twitter Blue subscribers, on the same day that users voted ...
He has not yet named a successor for the role. Twitter will make that change", without specifying when the change would come into effect. Dec 20 (Reuters) - Elon Musk said on Monday Twitter Inc will restrict voting on policy-related polls to paying Twitter Blue subscribers, on the same day that users
Twitter's billionaire owner seems set to follow Ford into the abyss.
General Motors, Ford, Volkswagen, and other big firms are set to enter the electric vehicle market with a combined total of 135 new models, and to begin large-scale production over the next two to three years. On Sunday, Musk was photographed at the World Cup in Qatar, standing in what appeared to be a stadium suite with Donald Trump’s son-in-law, Jared Kushner. After Musk acquired Twitter in October, he began [slashing the company’s workforce](https://www.nytimes.com/2022/11/15/technology/elon-musk-twitter-fired-criticism.html) — including firing employees who had dared to criticize him. Over the weekend, he briefly suspended the account of Washington Post reporter Taylor Lorenz after she tried to contact him for a story. A century after it was published, references to Ford’s book, “ Officials from the European Union have also warned that Twitter may face sanctions for failing to live up to the EU’s standards for press freedom. He has unblocked the Twitter accounts of Donald Trump and other right-wing extremists, and [ended enforcement](https://apnews.com/article/twitter-ends-covid-misinformation-policy-cc232c9ce0f193c505bbc63bf57ecad6) of the site’s Covid [misinformation policy](https://theintercept.com/2022/12/15/elon-musk-twitter-covid-vaccine-simone-gold/). [showcase his right-wing political agenda](https://www.washingtonpost.com/technology/2022/12/14/qanon-musk-revival-twitter/). By taking on the corporate giants of the auto industry and winning, Musk has succeeded where other flamboyant and egocentric entrepreneurs like John DeLorean, who briefly built the 1980s-era gull-winged car now mainly remembered for its time-traveling role in the movie “Back to the Future,” failed. Unfortunately, Elon Musk now seems grimly determined to walk Henry Ford’s path much further than he should, for after his spectacular early success, Ford turned very dark, very quickly. Ford dominated the car industry as a result; in the early 1920s, more than half the cars on the world’s roads were built by Ford. “I regard Henry Ford as my inspiration,” Hitler told the Detroit News in 1931.
Mr Musk launched a Twitter poll asking his followers if he should step down as chief executive - 57.5% voted "yes". Since then, he has not commented directly on ...
Tesla needs and deserves to have [a] working full time CEO," he tweeted. In response to a tweet saying Twitter Blue subscribers "should be the only ones that can vote in policy related polls. Tesla shares have lost more than 60% in value this year, with some saying his obsession with Twitter is destroying the brand. He has also fired about half of Twitter's staff. One user claimed that so-called bots appeared to have voted heavily in the poll about Mr Musk's role at the firm. Bruce Daisley, former vice president of Twitter, compared any potential change to that of a football manager.
In this week's newsletter: Musk has a talent for trying to wiggle out of trouble on Twitter, only to land deeper in it – this time by asking users if he ...
But one thing that was not to blame was the metaverse. From Andrew Bosworth, the head of the company’s “reality labs” division: “We’ve shifted more of our resources on to a smaller number of high-priority growth areas,” [prior doxxing action](https://twitter.com/elonmusk/status/1604482428281753601)”: breaking a rule that hadn’t existed when she broke it, with tweets that were no longer live on the site. On Saturday, Musk suspended the account of Taylor Lorenz, a reporter at the Washington Post who had sent him a request for comment on the site. Late on Sunday night, in the wake of watching the World Cup final in Doha with Jared Kushner, Musk The fearful vision is it ends up more like Rupert Murdoch’s tabloid, the Sun, where a hands-off proprietor nonetheless picks a senior team who know that more important than any business goal is making sure the boss is satisfied. It is not a coincidence that the bans hit journalists who were critical of Musk. On the face of it, the rule would block people livetweeting football matches or pop concerts, but don’t think about it too much: the rule was imposed to ban the account, not the other way round. But even if the ban is overturned, a site-wide block on linking to Mastodon remains. According to Musk, the suspension was for “ [tweeted](https://twitter.com/elonmusk/status/1589414958508691456) that his commitment to free speech extended even “to not banning the account following my plane”.
I tried to enjoy Elon Musk's Twitter until my social connections began quiet quitting. But first… Today's must-reads: • Sam Bankman-Fried's US extradition ...
The billionaire, who has been at the helm of the social platform since October, said he would abide by the results of the poll. But he has not made any ...
He was one of the first tech leaders to embrace cryptocurrencies. Another member of the "PayPal Mafia", Mr Marcus is the former president of PayPal and is close to Mr Musk. He was also on the board of Coinbase, a cryptocurrency exchange platform. Mr Sacks was involved at the beginning of PayPal with Mr Musk and is a member of the so-called "PayPal Mafia" - a group of former executives of the firm who have become billionaires by founding some of Silicon Valley's most successful tech businesses. He had been serving as chief executive of both Twitter and payment firm Square and had been under pressure from investors, who felt Twitter was not getting the focus it needed while he was also running Square. She has been described as one of the "most highly regarded" executives in Silicon Valley with an "exceptionally rare mix of proven business skills, and authentic heart and soul". He lists pro wrestling as one of his interests and believes in "the importance of making a big entrance" - something that perhaps chimes with Mr Musk. He is one of the few to be included in Mr Musk's core team at Twitter. Technology investor and podcaster David Sacks is another one of the experienced names in Mr Musk's inner circle. "I invest and am interested in the intersection of consumer tech and crypto," he says on his website. The billionaire, who has been at the helm of the social platform since October, said he would abide by the results of the poll. Bob O'Donnell, from TECHnalysis Research, warned that trying to predict who might take over the social platform was a "pointless exercise because of how unpredictable and short-lived every decision" regarding Twitter has been in the Musk era.
Twitter owner and CEO Elon Musk is searching for a new CEO of the company, sources told CNBC's David Faber.
[Tesla](https://www.cnbc.com/quotes/TSLA/) shares this year to finance the Twitter takeover. [posted an informal poll](https://twitter.com/elonmusk/status/1604617643973124097) Sunday asking Twitter users if he should step down as head of the company, and a majority of the 17 million respondents voted for Musk to leave his post. [his position as CEO would be temporary](https://www.cnbc.com/2022/11/16/elon-musk-says-he-doesnt-want-to-be-a-ceo-walks-back-sec-insults.html). [In court in November](https://www.cnbc.com/2022/11/16/elon-musk-says-he-doesnt-want-to-be-a-ceo-walks-back-sec-insults.html), Musk said, "I expect to reduce my time at Twitter and find somebody else to run Twitter over time." [Musk said](https://twitter.com/elonmusk/status/1605079888821510144) "the United States has definitely been harmed" by having Warren as a senator. [Elizabeth Warren](https://www.cnbc.com/elizabeth-warren/), D-Mass., [wrote](https://www.warren.senate.gov/imo/media/doc/2022.12.18%20Letter%20to%20Tesla%20Board%20on%20Musk%20Concerns.pdf) to the chair of [Tesla's](https://www.cnbc.com/quotes/TSLA/) board, Robyn Denholm, expressing concern that Musk and the board may have violated legal obligations to Tesla shareholders. Twitter polls are straw polls, which means they are not comparable to professional public opinion research. [massive staff cuts](https://www.cnbc.com/2022/11/04/twitter-sued-by-employees-after-mass-layoffs-begin.html), a [spike in racist hate speech](https://www.cnbc.com/2022/11/03/heres-how-elon-musk-can-prevent-racist-raids-on-twitter.html), [advertisers](https://www.cnbc.com/2022/11/01/ad-giant-ipg-advises-brands-to-pause-twitter-spending.html) fleeing or slashing their spending on the platform, as well as the reinstatement of previously banned accounts. He has also [pulled in talent from Tesla, SpaceX and the Boring Co.](https://www.cnbc.com/2022/12/08/spacex-tesla-and-boring-company-execs-helping-musk-at-twitter.html), including executives, engineers and attorneys, to assist him at Twitter. [that Twitter usage has reached an all-time high](https://twitter.com/elonmusk/status/1603852159283445760) since he took over, and [that hate speech impressions have fallen](https://twitter.com/elonmusk?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor). [he wrote](https://twitter.com/elonmusk/status/1604621101245419520?s=20&t=fARSGTWvPNFKhyH5QFjGfQ). [Elon Musk](https://www.cnbc.com/elon-musk/) is searching for a new chief executive of the company, sources told CNBC's David Faber.
Even if the multi-billionaire owner accepts his user poll and stands down, his machinations seem likely to ruin the company, says tech writer Sarah Manavis.
He has done this before: Musk ran a Twitter poll last year asking users if he should sell some of his Tesla stock, only for it to be revealed he had [already agreed to sell a portion](https://www.theguardian.com/technology/2021/nov/11/elon-musk-sells-some-tesla-stock-but-was-it-really-because-of-twitter-poll) several days before posting the tweet. It feels fitting that the end of his tenure would come with a giant poll of his own making asking people to say whether they liked him or not. [Redundancies at Amazon](https://www.theguardian.com/technology/2022/nov/14/amazon-job-cuts-jeff-bezos-recession), after Jeff Bezos repeatedly blasted himself alongside various celebrities into space, have had a similar effect. As a result, advertisers have [fled the platform](https://www.engadget.com/twitter-losing-advertisers-boycott-193748977.html?guccounter=1), leading to “massive” drops in revenue. And it has now been decimated as a result of his ego. The past six weeks has solidified Musk as Twitter’s worst character, unmasking the desperation behind the trolling persona he has long projected. On Thursday and Friday, several of the most prominent journalists covering Musk [stale memes](https://edition.cnn.com/2020/12/20/investing/elon-musk-bitcoin-dogecoin/index.html) and [tired jokes](https://www.forbes.com/sites/rachelsandler/2019/12/23/elon-musk-makes-weed-joke-after-tesla-stock-jumps-above-420/?sh=547679d0a62d), and his transparent desperation to be liked, [tanking his own stock price](https://www.cnbc.com/2020/05/01/tesla-ceo-elon-musk-says-stock-price-is-too-high-shares-fall.html) to delight his followers, Musk’s Twitter persona was infamous. But even if he isn’t in the CEO role, Musk will remain Twitter’s owner after he steps down, with a new chief executive of his choosing. There has been little respite from the chaos of Musk’s Twitter since he took over just under two months ago. [tinkered with core features](https://www.theguardian.com/technology/2022/nov/09/twitter-elon-musk-blue-check-verification) as if on a whim. He has fired employees and
When Elon Musk polled Twitter users about whether to reinstate former President Donald Trump's account, he quickly followed through on the majority's wish ...
There is no successor.” [CNBC reported](https://www.cnbc.com/2022/12/20/elon-musk-actively-searching-for-a-new-twitter-ceo-sources-say.html?__source=sharebar [said last month](https://www.cnn.com/2022/11/16/tech/elon-musk-email-ultimatum-twitter/index.html) that he expects to “reduce my time at Twitter, and find somebody else to run Twitter, over time.” But in a [ tweet Sunday](https://www.cnn.com/2022/12/19/tech/twitter-alternate-ceo/index.html) he said: “No one wants the job who can actually keep Twitter alive. [followed through](https://www.cnn.com/2022/11/19/business/twitter-musk-trump-reinstate/index.html) on the majority’s wish to do so. The short list likely includes investor Jason Calacanis, Craft Ventures partner David Sacks and Sriram Krishnan, an Andreessen Horowitz general partner focused on crypto and Twitter’s former consumer teams lead. It would also skew those who can vote to the users who are willing to pay up for Twitter Blue, which includes the controversial paid verification feature Musk pushed to introduce. [went ahead and did it](https://www.cnn.com/2022/11/24/tech/elon-musk-amnesty-poll/index.html). While it’s unclear how he would restrict voting to only those who pay for the company’s subscription service, such a change could dramatically reduce the number of Twitter users who could vote in polls. After coming under fire this weekend for a controversial new policy restricting users from posting links to rival platforms, Musk pledged to effectively crowdsource “major policy changes” at Twitter by polling users about them and soon launched the poll about whether he should remain as CEO. The Tesla CEO is also facing pressure from the carmaker’s shareholders to find a replacement at Twitter, after Tesla’s stock has declined significantly this year. Musk [responded](https://twitter.com/elonmusk/status/1605250734206885889) to the story on Twitter with two crying laughing emojis. After one Twitter user said, “Blue subscribers should be the only ones that can vote in policy related polls,” Now, he appears to think the problem isn’t him, but who gets to vote in the polls.