Elon Musk, the new owner of Twitter, “Should I resign my Twitter chair?” He announced that he was looking for a new CEO when he ended a poll he started with the question. Above this, DOGE price remained single red in the middle of the green market.
Elon Musk is looking for a new Twitter CEO
The tech billionaire, on December 19, from his official account, “Should I resign?” initiated a vote. 57% of the respondents answered “yes”. After the result, Musk suggested a poll that only Twitter Blue subscribers would participate in to ensure correct voting. While that proposal hangs, Musk is apparently starting to implement what he said in October. He said that while the acquisitions were just being completed, his tenure as CEO would be temporary.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
“I hope to reduce my time on Twitter and find someone else to run Twitter in time,” Musk said in court in November. But he wrote “no successor” in a tweet on Sunday. Elon Musk is currently actively looking for a new Twitter CEO. Earlier, “The problem is not finding a CEO. The problem is finding a CEO who can keep Twitter afloat.”
No one wants the job who can actually keep Twitter alive. There is no successor.
— Elon Musk (@elonmusk) December 19, 2022
Meanwhile, sources said Musk’s search for a new CEO began before the Twitter survey was conducted. Musk’s takeover of Twitter has been harsh as his leadership has resulted in massive staff cuts, an increase in racial hate speech, advertisers fleeing the platform or cutting their spending on the platform, as well as reinstating previously banned accounts. As a result, he faced a large audience with the move to buy Twitter.
Dogecoin (DOGE), the only red altcoin in the middle of the news
The rare cryptocurrency backed by Elon Musk is currently down around 2.38%. For comparison, at the time of writing, Bitcoin and Ethereum were trading in the green 1.9% and 3.04%, respectively. With the recent drop, Dogecoin has brought its depreciation to near 20% compared to last week. As you follow on Kriptokoin.com, Musk completed the 150% rally in October when it was certain that he would buy Twitter. It is currently trading around $0.07, accompanied by a likely short-lived panic selling.
Finally, on Monday, Senator Elizabeth Warren wrote to Robyn Denholm, Tesla’s chairman of the board, expressing her concerns that Musk and his board may have violated legal obligations to Tesla shareholders. The lawmaker, who has argued with Musk over the idea of a wealth tax in the past, asked the board to answer specific questions about the alleged misappropriation of Tesla resources and the conflicts of interest arising from Musk’s acquisition of Twitter. In a tweet Monday night, Musk said, “The United States has definitely been hurt,” taking Warren as senator.
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