In keeping with CNBC reporter David Faber, Elon Musk is presently looking out for a brand new CEO of Twitter following the outcomes of a ballot he ran on the micro-blogging web site.

Over 17.5 million customers voted on this ballot, which confirmed that 57.5% favored Musk stepping down as chief govt officer.

As reported by U.In the present day, the worth of Dogecoin dropped decrease after Musk posted the ballot.

After dropping the ballot, Musk urged that solely paid Twitter Blue subscribers ought to be allowed to take part in policy-related polls with the intention to guarantee correct voting.

Since taking on Twitter, Musk has drawn criticism over controversial selections equivalent to banning an account that tracked his non-public jet and suspending a number of journalists who reported on it. The Tesla CEO additionally confronted a extreme backlash for amplifying a baseless far-right conspiracy principle concerning the husband of Home Speaker Nancy Pelosi whereas urging his voters to vote for the Republican Get together.

Moreover, he had beforehand banned hyperlinks to different social networks like Mastodon earlier than backtracking on the coverage that confronted monumental criticism from Twitter customers.

The value of Dogecoin skilled a short-lived rally in October following Musk’s Twitter takeover, nevertheless it shortly waned.

Earlier this month, the billionaire reaffirmed his help for the favored meme cryptocurrency throughout a dialog on Twitter Areas, whereas including that Twitter wished to make it simpler to transact with Dogecoin.

The Dogecoin worth is down 3% during the last 24 hours.