Too funny...Musk hold a poll..finds out out..to no-ones surprise...that users want him gone..he says he'll leave..but not really, meanwhile...Twitter has lost billions in value. Tesla has lost billions in value:
www.deseret.com
Following an overwhelming response to his decidedly nonscientific polling over the weekend, Twitter CEO Elon Musk on Tuesday announced his plans to resign from the top executive position at the company he acquired in a $44 billion deal that closed in October.
Musk’s poll drew over 17.5 million responses from humans and bots, of which some 58% called for him to step down as the platform’s top executive. Musk remained mum about the poll results until Tuesday, when he tweeted he plans to resign, albeit not until he finds a CEO candidate “foolish enough to take the job.”
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted. “After that, I will just run the software & servers teams.”
Paid advertising on the platform, which boasts around 240 million daily users, is key to Twitter’s business model and reportedly accounts for about 90% of the company’s revenues. Twitter is on pace to lose $4 billion a year after the advertiser exodus, Wedbush Securities analyst Dan Ives estimated, according to CNN.
Some Tesla investors have accused Musk of focusing on Twitter issues to the detriment of Tesla operations. And Musk has had to liquidate some of his Tesla stock holdings in order to cover expenses incurred by his Twitter purchase, sending stock prices even lower. But Tesla shares were up 5% in premarket trading after the poll results were revealed, per CNN.
“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,” Ives said in a note to clients Monday, according to CNN.

Elon Musk announces plans to sorta, not really resign as Twitter CEO
Twitter CEO Elon Musk broke his silence after being voted out by platform users in a poll. He said he’ll resign, but there are a few caveats.

Following an overwhelming response to his decidedly nonscientific polling over the weekend, Twitter CEO Elon Musk on Tuesday announced his plans to resign from the top executive position at the company he acquired in a $44 billion deal that closed in October.
Musk’s poll drew over 17.5 million responses from humans and bots, of which some 58% called for him to step down as the platform’s top executive. Musk remained mum about the poll results until Tuesday, when he tweeted he plans to resign, albeit not until he finds a CEO candidate “foolish enough to take the job.”
Musk further qualified his intentions in the Tuesday posting, noting that he plans to continue running a significant segment of Twitter’s operations after a new CEO takes over.Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk tweeted. “After that, I will just run the software & servers teams.”
Paid advertising on the platform, which boasts around 240 million daily users, is key to Twitter’s business model and reportedly accounts for about 90% of the company’s revenues. Twitter is on pace to lose $4 billion a year after the advertiser exodus, Wedbush Securities analyst Dan Ives estimated, according to CNN.
What’s been happening at Tesla since Elon Musk took over Twitter?
Tesla stock has been on a steady decline for the past year and, at one point, had lost almost a third of its value since late October when Musk took over Twitter.Some Tesla investors have accused Musk of focusing on Twitter issues to the detriment of Tesla operations. And Musk has had to liquidate some of his Tesla stock holdings in order to cover expenses incurred by his Twitter purchase, sending stock prices even lower. But Tesla shares were up 5% in premarket trading after the poll results were revealed, per CNN.
“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,” Ives said in a note to clients Monday, according to CNN.