Elon Musk can resign as Twitter CEO, users will decide

Billionaire Elon Musk has started a pole for users of Microblogging Site Twitter and asked to decide whether they should resign as the Chief Executive Officer of the company. Musk has also promised to accept the result of this poll. This poll on Twitter is open up to 4:30 PM (Indian time) on Monday and after that the information will be found.

Musk has been facing difficulties since taking over Twitter. He had trimmed Twitter workers in large numbers and made a big change about the premium subscription of Twitter. Apart from this, he had also removed from Twitter accounts of some disputed personalities including former US President Donald Trump. Earlier, Musk has said that he does not want to be Twitter’s CEO for a long period. He indicated to bring another person for this position. Apart from Twitter, he is also the CEO of electric car maker Tesla and Spacex.

Last week, Tesla’s third largest shareholder Leo Koguan demanded the removal of Musk as the company’s Chief Executive Officer. Koguan has about 2.27 crore shares in Tesla, with a value of about $ 3.6 billion. Musk has sold a large number of Tesla shares last week. Musk is being accused of ignoring Tesla. Earlier, Koguan was considered a supporter of Musk. However, he now wants to appoint a new CEO in place of Musk. He tweeted that Musk has left Tesla alone and the company has no working CEO. Since buying Twitter for about $ 44 billion, Musk has been selling a large number of Tesla shares.

This has resented the company’s investors. The company’s shareholders are accusing him of paying more attention to Twitter. Tesla’s value has decreased by more than half after the Bid of Musk in April for Twitter. Musk has sold about $ 23 billion shares of the company since April. This can make it easier for them to raise funds for the deal of buying Twitter.