Elon Musk is ‘actively looking’ for a replacement after a user poll – go live

Musk polls Twitter users about whether he should step down

Billionaire Elon Musk tweeted for the first time since losing an online poll that asked users if he should step down as CEO of Twitter and told them he would “stand by the results.”

The poll attracted more than 17 million voters in just 12 hours, with 57.5 percent voting “yes”.

The Tesla chief responded last night to a suggestion from Kim Dotcom, founder of the once-popular file-sharing site Megaupload, that survey results had been skewed by fake accounts.

Another user suggested that “only blue subscribers should be able to vote in polls related to politics”. Mr. Musk responded by saying, “Good point. Twitter will make that change.” Twitter Blue is a paid subscription that allows users to purchase a verification badge for their accounts.

His survey follows recent uproar over a policy that banned users from linking to some rival social media sites, including Facebook, Instagram and Mastodon.

Then Twitter reversed the policy within hours. “Going forward, there will be a vote on major policy changes. My apologies. It won’t happen again.”


Elon Musk’s security team allegedly hit a motorist during the ‘crazy chaser’ incident

The South Pasadena Police Department has confirmed that it is investigating the Dec. 13 incident that billionaire Tesla tweeted about.

Graeme MasseyDecember 20, 2022 23:34


A Twitter investor expects to get five times his money back

One of the largest investors to join Elon Musk’s $44 billion buyout of Twitter says he expects to recoup up to five times his money back.

Aliya Capital Partners LLC, which has invested $360 million alongside the billionaire Tesla, says it is confident it will be able to monetize the platform’s 229 million daily users who have “historically been below income.”

“We believe Twitter will generate 4- to 5-fold returns in just a few years, with relatively limited downside risk,” Aliyah CEO Ross Kestein said in a statement.

Graeme MasseyDecember 20, 2022 22:56


Elon Musk and Adam Schiff are competing on Twitter again

The billionaire asked the California legislator if he would approve of “covert state censorship in direct violation of the US Constitution.”

Mr. Schiff was quick to turn the tables on the owner of Twitter.

I do not support censorship. or hate speech. As the (outgoing) CEO of Twitter, how about you? Why not do more to stop the slurs against black people, gay people, Jews, and others? Are you committed to providing the audience with actual answers and data, not just tweets? ” he wrote.

Graeme MasseyDecember 20, 2022 19:47


Tesla stock price continues to fall in 2022

Tesla shares fell another 6 percent on Tuesday after a string of brokerages lowered their price targets for shares of the electric carmaker.

It came on the heels of Elon Musk’s $44 billion purchase of Twitter and the chaos that has wrought on the social media platform since then.

Tesla share price hit $140.86 on Tuesday, the lowest in more than two years, Reuters reported.

(Getty Images)

Graeme MasseyDecember 20, 2022 19:18


Will Elon Musk’s Twitter antics destroy Tesla?

Tesla investors are said to be angry at what they see as a major distraction for Musk. The electric car maker is currently experiencing its biggest share sell-off since it went public 12 years ago (see chart below), and the CEO’s actions on Twitter are seen as a significant factor in that $600 billion tranche.

We heard from Antoine Argog, founder of ethical investment group Tulipshare:

Elon Musk’s decision to invite Twitter users to vote on whether he should remain CEO is the latest in a series of controversial decisions undermining his reputation and credibility with the company. [Tesla] contributors.

This is the latest step in a long line of actions that show his fickleness and how his preoccupation with Twitter is hurting trust among his shareholders. Tesla’s market capitalization has plummeted since Musk’s takeover of Twitter, and his performance illustrates how Tesla’s board failed to hold Musk accountable — it’s time for shareholders to act.

Backed by retail investors, we require that Elon Musk’s pay be tied to his performance on ESG metrics. Tesla’s board and shareholders must take greater responsibility for adopting and making more ambitious ESG commitments — and retail investors play a vital role in holding them accountable. Through shareholder activism, we advocate for Musk’s wages to be linked to interstate corporate governance, to demand increased governance as well as environmental provision and worker rights throughout the economy.

Antoine Argouge

Anthony CuthbertsonDecember 20, 2022 16:39


Elon Musk shares latest ‘Twitter Files’ claims

The head of Twit — at least for now — is back on Twitter.

Ignoring current speculation about who might replace him at the social media company, Musk has instead returned to his other favorite topic of recent days: The Twitter Files.

“The government has paid Twitter millions of dollars to censor information from the public,” he wrote, while retweeting “Part VII” of the Twitter files.

“Other social media companies too, not just Twitter,” he added.

Anthony CuthbertsonDecember 20, 2022 15:40


Elon Musk is “actively looking” for a new Twitter CEO

Elon Musk is said to be “actively looking” for a new CEO for Twitter, according to sources cited by CNBC.

There’s no word on who a potential successor might be, though several characters have come forward with their names – including rapper Snoop Dogg and computer scientist Lex Friedman.

“The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” Musk tweeted Sunday night.

Anthony CuthbertsonDecember 20, 2022 14:50


Tesla stock experienced its worst sell-off since 2010

Tesla shares have taken a hit since Elon Musk’s takeover of Twitter, with some of the electric car maker’s major shareholders lamenting their CEO’s distraction from Twitter.

Since peaking in November 2021, Tesla shares are down more than 62 percent. This is Tesla’s worst sell-off since it went public in 2010.

Musk addressed the stock plunge last Friday, blaming the $600 billion in losses on forces beyond his control. “Tesla performs better than ever!” he is chirp. “We don’t control the Fed. That’s the real problem here.”

(Google / Nasdaq)

Anthony CuthbertsonDecember 20, 2022 14:24


Musk appears to be fueling the idea that bots played a role in Twitter’s poll defeat

On Monday night, Musk appeared to be fueling a theory that bots were to blame for his poll defeat, asking whether he should remain CEO of Twitter.

Earlier Monday, an account with the username Wall Street Silver tweeted a side-by-side comparison of the poll on the question of former President Donald Trump’s reinstating account with the poll on the question of Mr. Musk’s continued leadership on Twitter.

The previous poll had nearly 15 million votes and 836 thousand likes, while the latest poll had nearly 15 million votes and only 312 thousand fans. This led Wall Street Silver to ask, “Did bots colorize yesterday’s Elon poll?”

“Fun,” replied Mr. Musk. It’s not clear why there is any relationship between voting in a Twitter poll and liking a Tweet, which are two different actions that don’t appear to have any direct relationship.

I am referringDecember 20, 2022 13:30


Musk says “no heir”

Even if Elon Musk steps down as head of Twitter, choosing a successor may not be so simple.

“Nobody wants a job that can actually keep Twitter alive,” he tweeted overnight. “There is no heir.”

Among those stepping forward to offer their services is Lex Friedman, an artificial intelligence researcher, computer scientist, and popular podcast host.

“Let me run Twitter for a while,” he tweeted to Musk. “with no salary. All in. Focus on great engineering and increasing the amount of love in the world. Just offering my help in the unlikely case is helpful.”

Musk replied: “You gotta love the pain a lot. One point: you gotta invest your life savings in Twitter and it’s been on the highway to bankruptcy since May. Do you still want the job?”

Alisha Rehman SarkerDecember 20, 2022 13:00

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