Elon Musk poll shows 57.5% want him to step down as Twitter chief

Twitter CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, US, on June 13, 2019. (REUTERS/File)
Short Url
Updated 19 December 2022
Follow

Elon Musk poll shows 57.5% want him to step down as Twitter chief

  • Musk promises not to make major policy changes without online survey of users
  • Says he will abide by results of poll, but did not give details on when he would step down

SAN FRANCISCO: Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over.

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

Musk said on Sunday he will abide by the results of the poll, but did not give details on when he would step down if results said he should.

Shares of Tesla Inc, the electric-car maker Musk heads, were up about 5% in premarket trading.

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

Tesla investors have been concerned Musk has been spreading himself too thin following the Twitter deal.

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

"It appears Musk's reign as CEO of Twitter will come to an end and thus be a major positive for Tesla's stock, starting to slowly remove this albatross from the story," Wedbush analyst Dan Ives said in a note.

"Musk is Tesla and Tesla is Musk."

Tesla is ranked among one of the top automakers in the world, delivering roughly about a million cars every year. But recent logistical challenges, pandemic-related lockdowns in China, higher borrowing costs, and a dull outlook for global economic growth have raised concerns.

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".

"Elon", "CEO of Twitter", "vote Yes" and "vote No" were among the trending topics on Twitter on Monday.

The poll comes after Twitter's Sunday policy update, which prohibited accounts created solely for the purpose of promoting other social media firms and content that contains links or usernames for rival platforms.


Venezuela’s acting president calls for oil industry reforms to attract more foreign investment

Updated 4 sec ago
Follow

Venezuela’s acting president calls for oil industry reforms to attract more foreign investment

  • In her speech, Rodríguez said money earned from foreign oil sales would go into two funds: one dedicated to social services for workers and the public health care system, and another to economic development and infrastructure projects

CARACAS, Venezuela: Venezuela’s acting President Delcy Rodriguez used her first state of the union address on Thursday to promote oil industry reforms that would attract foreign investment, an objective aggressively pushed by the Trump administration since it toppled the country’s longtime leader less than two weeks ago.
Rodríguez, who has been under pressure from the US to fall in line with its vision for the oil-rich nation, said sales of Venezuelan oil would go to bolster crisis-stricken health services, economic development and other infrastructure projects.
While she sharply criticized the Trump administration and said there was a “stain on our relations,” the former vice president also outlined a distinct vision for the future between the two historic adversaries, straying from her predecessors, who have long railed against American intervention in Venezuela.
“Let us not be afraid of diplomacy” with the US, said Rodriguez, who must now navigate competing pressures from the Trump administration and a government loyal to former President Nicolás Maduro.
The speech, which was broadcast on a delay in Venezuela, came one day after Rodríguez said her government would continue releasing prisoners detained under Maduro in what she described as “a new political moment” since his ouster.
Trump on Thursday met at the White House with Venezuelan opposition leader María Corina Machado, whose political party is widely considered to have won 2024 elections rejected by Maduro. But in endorsing Rodríguez, who served as Maduro’s vice president since 2018, Trump has sidelined Machado.
In her speech, Rodríguez said money earned from foreign oil sales would go into two funds: one dedicated to social services for workers and the public health care system, and another to economic development and infrastructure projects.
Hospitals and other health care facilities across the country have long suffered. Patients are asked to provide practically all supplies needed for their care, from syringes to surgical screws. Economic turmoil, among other factors, has pushed millions of Venezuelans to migrate from the South American nation in recent years.
In moving forward, the acting president must walk a tightrope, balancing pressures from both Washington and top Venezuelan officials who hold sway over Venezuela’s security forces and strongly oppose the US Her recent public speeches reflect those tensions — vacillating from conciliatory calls for cooperation with the US, to defiant rants echoing the anti-imperialist rhetoric of her toppled predecessor.
American authorities have long railed against a government they describe as a “dictatorship,” while Venezuela’s government has built a powerful populist ethos sharply opposed to US meddling in its affairs.
For the foreseeable future, Rodríguez’s government has been effectively relieved of having to hold elections. That’s because when Venezuela’s high court granted Rodríguez presidential powers on an acting basis, it cited a provision of the constitution that allows the vice president to take over for a renewable period of 90 days.
Trump enlisted Rodríguez to help secure US control over Venezuela’s oil sales despite sanctioning her for human rights violations during his first term. To ensure she does his bidding, Trump threatened Rodríguez earlier this month with a “situation probably worse than Maduro.”
Maduro, who is being held in a Brooklyn jail, has pleaded not guilty to drug-trafficking charges.
Before Rodríguez’s speech on Thursday, a group of government supporters was allowed into the presidential palace, where they chanted for Maduro, who the government insists remains the country’s president. “Maduro, resist, the people are rising,” they shouted.