Musk may step down as CEO of Twitter
Musk is called by many people the "Iron Man" of Silicon Valley . In Musk's business landscape, some build rockets, some build cars, and some even develop brain-computer interface technology to explore the unknown brain science of mankind.
But Musk seemed to be fed up with the constrained Internet public opinion environment, so in April this year he announced that he would acquire the American social giant Twitter, and completed the transaction at the end of October this year, spending US$44 billion to become Twitter's new boss. Before the acquisition, Musk threatened to lay off 70% of Twitter's employees, and facts have proven that Musk did what he said.
After acquiring Twitter, Musk was either laying off employees or on the way to layoffs. Almost everyone from grassroots employees to senior executives were laid off. Twitter originally had 7,500 full-time employees, but after Musk laid off the workforce, only 2,300 remained, more than half of whom were laid off.
has only been in office for 2 months, but Twitter, the overseas social giant, has changed drastically, and many businesses have come to a standstill due to manpower vacancies. What people didn't expect was that Musk not only laid off employees, but also laid off himself.
On December 18, Musk launched a vote on Twitter, with the theme of "Should he resign as CEO of Twitter?" By the end of the voting, a total of 17.5 million people had participated, and the results showed that 57.5% of people were in favor and 42.5% were opposed.
Therefore, the majority of people support Musk’s resignation as Twitter CEO. While initiating the vote, Musk said that he would abide by the results of the vote. In other words, Musk may step down as Twitter CEO. What happened to
? Musk actually wants to step down as Twitter CEO. In fact, the cause of the matter was the pressure from the shareholders of and Tesla .
Since Musk took over Twitter, he has been living and dining almost all at Twitter’s headquarters, and is busy with Twitter’s work every day. He basically ignored Tesla and became a hands-off shopkeeper. As a result, Tesla's stock price has continued to plummet, and its market value has dropped to US$470 billion from its peak of US$1 trillion.
If this continues, Tesla may collapse without Musk’s management. Tesla shareholders who can’t sit still put pressure on Musk. Either let Musk step down as Twitter CEO, or choose a new full-time CEO for Tesla.
In this way, Musk fell into a situation of choosing between two, one is Tesla, which has created huge wealth, and the other is Twitter, which is in deep business quagmire. So Musk launched a poll on whether he should step down as CEO of Twitter. Now it seems that the majority of people are in favor of Musk stepping down.
It is estimated that many former Twitter employees who were laid off also voted in favor, which can be regarded as "revenge".
Will Musk give up Twitter?
Musk spent US$44 billion to acquire Twitter. After spending such a large price and being CEO for 2 months, is he about to leave? Will Musk give up Twitter? I'm afraid Musk is going to "cheat". Because after the voting results came out, Musk did not follow up on the matter of stepping down as Twitter CEO.
Musk said he respected the voting results, but did not say he would definitely step down as Twitter CEO.
What's more, Musk also said that he has not found a suitable successor to take over Twitter. Until then, Musk will still maintain his job as Twitter CEO.
Musk will not give up Twitter easily. No matter what the circumstances, Musk will transform Twitter into what he wants. A social platform with higher freedom of speech, a life platform that integrates social networking, payment and diversification, just like WeChat .
Musk has said that he is considering creating a super application similar to WeChat. Before this goal is achieved, Musk has no reason to give up and will not give up.
But the question is, can Musk’s other companies maintain normal operations? Tesla shareholders have expressed dissatisfaction. SpaceX's Starlink satellite program is still in progress, and Neuralink, a brain-computer interface company, is in the critical stage of testing implanted chips.
These tasks are waiting for Musk to take over management, but Musk has focused his work on Twitter, and it is estimated that he will not look back for a while.
summary
Musk is a businessman, but he is also a person with lofty goals. From a technological perspective, Musk's Starlink satellites, brain-computer interfaces and even the Mars immigration plan have the potential to change human lifestyles. But before achieving these goals, Musk is entangled in worldly matters. How to deal with it is Musk's own business. As a bystander, he can only wait and see.
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