Elon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platform
Dan Ives, a managing director of equity research at US investment firm Wedbush Securities, says Musk’s willingness to step back may be linked to the fact that controversies linked to Twitter have started to damage his “golden child”: Tesla.
Ives told BBC Radio 4’s Today programme this morning that while Musk has not necessarily followed through with the decisive calls of Twitter polls in the past, this time is different:
The last few weeks, few months, [have] been a black eye for Musk and a black eye for Tesla, and I think ultimately that’s the golden child: that 90% plus of his wealth.
And that’s why I think the writings on the wall, and I think ultimately in the next 24 hours, Musk will probably name a temporary CEO of Twitter.
He can build rockets and create electric cars. That’s why he is who he is. But when it comes to social media and to Twitter, I think this is a diff type of animal, and he’s realised he can’t balance this as well as Tesla and Space X.
And I think the writing’s on the wall that he cannot be CEO of Twitter.
I think the pressure was building, I think ultimately, probably in the next 5-6 hours, it’s going to be the end of Musk reining as CEO of Twitter.
Continue reading…Elon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platformDan Ives, a managing director of equity research at US investment firm Wedbush Securities, says Musk’s willingness to step back may be linked to the fact that controversies linked to Twitter have started to damage his “golden child”: Tesla. Ives told BBC Radio 4’s Today programme this morning that while Musk has not necessarily followed through with the decisive calls of Twitter polls in the past, this time is different: The last few weeks, few months, [have] been a black eye for Musk and a black eye for Tesla, and I think ultimately that’s the golden child: that 90% plus of his wealth. And that’s why I think the writings on the wall, and I think ultimately in the next 24 hours, Musk will probably name a temporary CEO of Twitter.He can build rockets and create electric cars. That’s why he is who he is. But when it comes to social media and to Twitter, I think this is a diff type of animal, and he’s realised he can’t balance this as well as Tesla and Space X. And I think the writing’s on the wall that he cannot be CEO of Twitter. I think the pressure was building, I think ultimately, probably in the next 5-6 hours, it’s going to be the end of Musk reining as CEO of Twitter. Continue reading…