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Elon Musk’s resignation as CEO of Twitter is approved by Twitter users

Elon Musk polled his 122 million Twitter followers on whether he should resign as CEO, and over 60 percent of the 17.5 million voters think he should.

After tweeting the outcome of Argentina’s World Cup triumph in Qatar against France at 6:20 p.m. ET on Sunday, Musk stated he would abide by the conclusion of the vote.

By the time the poll concluded on Monday, more than 17.5 million people had cast their votes, with the final tally showing that 57.5% of voters wanted him to go as Twitter’s CEO.

It is unclear whether Musk will stand down from the position he acquired in late October, after buying Twitter for $44 billion. Then he sacked almost 4,000 people from a staff of 7,000. However, he has followed the results of previous polls, such as the one that asked whether accounts that had been blocked by the company’s previous leadership should be reopened.

Near the time of the vote, he tweeted many cryptic statements, such as “Be cautious what you ask for, as you could get it” and “Those who seek authority are the ones who least deserve it.”

Further clarifying the issue on Sunday, he said, “The difficulty is not finding a CEO, the question is finding a CEO who can keep Twitter alive.”

Last week, the United Nations and the European Union criticised Musk for blocking reporters from the New York Times, CNN, and the Washington Post from his Twitter account.

Twitter Blue, a $8 monthly membership for people, and Twitter Blue for Business, which has a gold checkmark, were both reintroduced last week.

Prior to Musk’s purchase of Twitter, advertising made up around 90% of the company’s income. Musk planned to shift the balance of Twitter’s revenue away from advertising. The Wall Street Journal reports that Musk borrowed $13 billion to purchase Twitter, and that the company will pay $9 billion in interest to banks and hedge funds over the next seven to eight years.

Shortly after Twitter’s massive layoffs on November 4, Musk said the firm was losing $4 million each day.