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- Twitter has around 237.8 million active users.
- Chris Messina was the first American blogger to use hashtags on Twitter.
Elon Musk, a centibillionaire, recently posted an opinion poll in which he asked Twitter users whether he should step down as CEO of the micro-blogging site.
Musk claims he will accept the poll decision
“Should I step down as head of Twitter? I will abide by the result of this poll.”
Approximately 17,502,391 users voted on the opinion poll—around 10,063,874 voted on the “Yes” and the remaining 7,438,516 voted on the “No.”
Musk has tweeted several opinion polls and more or less respected users’ opinions. Nevertheless, it is not certain whether Musk will step down from his position as CEO of Twitter.
Elon acquired Twitter on October 27, 2022, and the following day he tweeted “the bird is freed.” Millions of users have offered a variety of opinions on this move—some cited it as a new style of entering a new space unbeknownst to Musk while others believed it as a publicity stunt.
Earlier, the Tesla CEO was added in the Forbes billionaires list as the world’s richest business personality, but recently Chief Executive and the Chairman of LVMH Moët Hennessy Louis Vuitton replaced Musk and became the world’s richest businessman.
The acquisition deal of Twitter was finalized for a sum of 44 billion U.S dollars. Top social media platform executives, such as Parag Agarwal and more than 1k employees, were fired from the firm.
What Does the Opinion Poll of HodgeTwins Say?
The verified Twitter account @Hodgetwins belongs to so-called Conservative Twins brothers Keith and Kevin Hodge. The account, as mentioned above, also conducted a Twitter poll on Musk’s twitter thread, and the result in the thread is quite astonishing because 51.5 percent of users voted that Musk should remain the CEO, and 48.5 percent voted that Musk should step down from the post.
Tesla Price Movement Following the Poll
After this particular Twitter poll, prices of Tesla rose approximately 5.3% in the pre-market session; but in the last one year, Tesla price fell by around 62.53%.
Tesla is among the biggest EV vehicle manufacturers in the world; the highest trading price of Tesla stock was around $402.67.
According to data from a news outlet, it is noted that Musk collected around $40 billion Tesla stock in the last one year. Analysts relate this massive sell-off because of Twitter acquisition.
Longtime pro-Tesla analyst Daniel Ives quoted last Thursday that “ The Twitter nightmare continues as Musk uses Tesla as his own ATM to keep funding the red ink at Twitter, which gets worse by the day as more advertisers flee the platform with controversy increasing, driven by Musk.”
Ives also said that Elon Musk appears to be “finally reading the room that has been growing frustrated around this Twitter nightmare that grows worse by the day.”
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
