About 17.5 million Twitter votes were cast in favor of Elon Musk stepping down from the company, Musk’s Twitter account said Monday, a day after he posed the question to users of the social media platform.
The news sent shares of Tesla Inc. TSLA, +0.70% higher on hopes that Musk will refocus his attention on the electric car company he also heads up.
Musk then Musk posted a poll asking whether he should resign as CEO and said he would “abide by the results.” The final poll showed that nearly more than 57% of voters wanted him to leave his position. “With the poll closing this morning, it appears Musk’s reign as CEO of Twitter will come to end and thus be a major positive for Tesla’s stock starting to slowly remove this albatross from the story,” Ives said in a reseach note.Earlier, in a blog post, Twitter said cross-promoted posts will still be allowed, but that “Accounts that are used for the main purpose of promoting content on another social platform may be suspended.
In a reply to Twitter’s announcement, former Twitter CEO Jack Dorsey, who once called Musk “the singular solution I trust” to run the company, said: “Doesn’t make sense.”
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