On Dec. 18, Elon Musk asked users if he should step down as the head of Twitter via a poll, and Snoop Dogg asked if he should step up.
See the tweets below:
“Should I step down as head of Twitter? I will abide by the results of this poll,” Musk said.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
Meanwhile, Snoop Dogg wrote, “Should I run Twitter?”
Should I run Twitter ?
— Snoop Dogg (@SnoopDogg) December 19, 2022
Approximately 17,502,391 votes were made in Musk’s poll and 57.5 percent said “yes,” while 42.5 percent said “no.”
On the other hand, Snoop Dogg’s poll received 2,211,683 votes. With eight hours to go, as of this writing, 81.8 percent have voted “yes” and 42.5 percent have voted “no.”
A Brief Rundown Of Musk's Reign At Twitter
“In case you missed it, Twitter Spaces — the platform’s live audio feature — was disabled after the Tesla CEO joined in on a conversation where there were banned journalists,” TechCrunch reports.
The journalists were indefinitely restricted from Twitter after previously reporting on the Elon Jet — a Twitter account that tracked Musk’s flights — which was banned for using “publicly-available data,” AfroTech previously shared.
There were also mass layoffs, and in addition to a list of other changes, “Twitter is on pace to lose $4 billion a year after the advertiser exodus, estimates Dan Ives, analyst at Wedbush Securities,” CNN reports.
Impact On Tesla
While all of this is going on, Musk is still juggling the responsibilities of simultaneously running Tesla.
The outlet also reports that Musk sold billions of dollars in Tesla stock, which it says was “most likely” for his acquisition of Twitter. However, that led to Tesla’s stock decreasing 11 percent within the last month. It’s also important to note that there has reportedly been a five percent increase in light of his potential exit from Twitter.
“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 a real issue,” Dan Ives, an analyst at Wedbush Securities, said, according to CNN.
“He’s running three, four, five companies, big companies, three very large companies at this point, and so there’s a lot obviously that he has to deal with,” said “Big Short” investor Danny Moses, according to Markets Insider. “We’re getting frustrated here, because his attention span is being compromised.”
What Happens Next?
According to tweets, he won’t be moving toward stepping down anytime soon.
“No one wants the job who can actually keep Twitter alive. There is no successor,” Musk said.
No one wants the job who can actually keep Twitter alive. There is no successor.
— Elon Musk (@elonmusk) December 19, 2022