Musk Actively Searching for New CEO After Dropping Ballot, CNBC Says

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(Bloomberg) — Elon Musk is actively trying to find a brand new chief government officer for Twitter Inc., CNBC’s David Faber reported, after the billionaire misplaced a straw ballot he posted on the social media web site that requested customers whether or not he ought to relinquish his function as head of the corporate.

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Greater than 10 million votes, or 57.5%, have been in favor of Musk stepping down, in accordance with outcomes that got here in Monday morning. Musk dedicated to abide by the outcomes when he launched the survey, however practically a day later he had tweeted greater than 10 occasions with out straight addressing the result. Musk responded to a tweet suggesting the ballot could have been manipulated by bots with a single phrase: “fascinating.”

Saying a brand new coverage transfer in one among his first tweets after the ballot, Musk stated Twitter will prohibit voting on main coverage selections to paying Twitter Blue subscribers.

Responding to a Blue member going by the identify Unfiltered Boss, Musk agreed with the suggestion that solely subscribers ought to have a voice in future coverage and stated, “Twitter will make that change.” Twitter Blue had attracted about 140,000 subscribers as of Nov. 15, the New York Instances has reported.

Earlier, the billionaire pledged to submit all future coverage selections to a vote and provided Twitter customers a alternative on management, asking them if he ought to step down from the highest management place on the firm he purchased in October for $44 billion.

Examine among the potential candidates for Twitter CEO job

Musk’s dramatic supply got here shortly after he attended the World Cup last match in Qatar, triggering a wave of trending subjects equivalent to “VOTE YES” and “CEO of Twitter.” He didn’t determine another chief and went as far as to say anybody able to doing the job wouldn’t need it.

Musk has warned that Twitter is prone to chapter and instituted a “hardcore” work atmosphere for the remaining employees after a drastic cutback in employees. In his lower than two months on the helm, he has spooked advertisers, alienated Twitter’s most ardent creators and turned the service from a mirrored image of the information of the day into the principle subject.

After dropping the preliminary ballot, Musk, who’s additionally chief government officer of Tesla Inc., retweeted promotional materials for the automobile firm and for Twitter’s Blue for Enterprise service. He additionally responded to an article about rival Toyota Motor Corp.’s criticism of electrical automobiles with a easy “Wow.”

The inventory of Tesla, by far Musk’s Most worthy holding, has plummeted because the Twitter acquisition and critics have argued he’s spending an excessive amount of time on the social media firm.

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