While many expected Elon Musk to somehow integrate Dogecoin with Twitter, the truth is that the billionaire may be relinquishing control of his social network for the time being.
In a poll conducted by Musk himself, 57.5% of people said he should step down as CEO of Twitter. With over 12.5 million votes, this is the largest poll ever conducted on the platform.
That’s why Musk seems really willing to follow the will of the people. In a tweet posted this Wednesday (21), he said he will be leaving office but needs to find a fool to take on competence.
“I will resign as CEO as soon as I find someone foolish enough to take the job! After that I will only manage the software and server teams.”
I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will only lead the software and server teams.
— Elon Musk (@elonmusk) December 21, 2022
Some fools have already shown interest
Also in a poll, rapper Snoop Dogg asked his followers if he should become Twitter’s new CEO. With nearly 3.4 million votes, 81% of people answered yes. In total, the post already has more than 60,000 retweets and 209,000 likes.
“Should I Use Twitter?”
Should I use Twitter?
— Snoop Dogg (@SnoopDogg) December 19, 2022
Another who expressed interest in the vacancy was Edward Snowden. The more than 120,000 likes on his candidacy show that he also enjoys public support. However, the former NSA system administrator has one requirement: getting paid in bitcoin.
“I accept payment in Bitcoin.”
I pay in Bitcoin. https://t.co/wW0Qa9NxWi
—Edward Snowden (@Snowden) December 19, 2022
Jesse Powell attracted much less attention and was nominated for a third. However, the founder of Kraken knows that Twitter’s next CEO will be slaughtered, showing he’s not the fool Elon Musk is looking for.
“Honored to be nominated. I’m not saying no, but I’m pretty sure I’ve seen that movie.”
Honored to be nominated. Don’t say no, but I’m pretty sure I’ve seen this movie. pic.twitter.com/2XPuLC9bLr
— Jesse Powell (@jespow) December 19, 2022
Finally, another candidate for the position would be Binance CEO Changpeng Zhao. After all, the billionaire helped Musk with half a billion dollars in the purchase of the social network. However, CZ has already indicated that it will not take control of the platform, even if the order comes from Musk.
Doge suffers from Elon Musk’s departure
With an increase of more than 150% after the announcement of Elon Musk’s purchase of Twitter in October, the cryptocurrency Dogecoin has already returned almost all of these gains.
It has already fallen from its peak 53% and Musk’s departure as CEO seems to scare off even more investors. Since the billionaire’s first poll, DOGE has already lost about one 10% of its value.
In the end, many expected Musk to somehow integrate Dogecoin into Twitter. However, it seems that the billionaire has bigger problems to solve on his social network, especially about verification badges.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
