Billionaire Elon Musk today once again indulged in a habit seen as a way to manipulate the market by asking Twitter users to vote on whether or not he should step down as chief executive officer of social media platform Twitter. After about 12 hours, it was found that there were more than 17 million votes, where 57.6% of people agreed that Elon Musk should resign.
The vote comes less than two months after Tesla's CEO bought Twitter for $44 billion in late October, giving him sole control of the social media firm. The takeover has proven controversial, with mass layoffs and executive reshuffles.
"I will abide by the results of this poll," Musk wrote in his initial post. The survey was closed at around 6pm yesterday.
Will Elon Musk really step down? So far there is no official decision. Some market players think this is just his act to manipulate the stock market. Since he first launched the survey, Musk has been very vague in his tweets. An hour after the poll went live, he added, "As the saying goes, be careful what you wish for, because you might get it."
This move has angered Doge's followers and crypto investors. Some of them are indications that Elon Musk does not intend to be CEO in the long term.
In November, Elon Musk stated that he planned to find a new executive to lead the social media site. Tess Renearson, who was in charge of crypto at Twitter, left the company in November as well.
Now, with increasing uncertainty, the price of Elon Musk's favorite cryptocurrency Dogecoin has fallen 1.27% to $0.07746.
Dogecoin had previously received a sudden boost fueled by a Tweet from Elon Musk reflecting his fondness for the project. However, the market sees what Elon Musk does today will not have a significant impact.
