Elon Musk’s Twitter Poll Shows Users Want Him to Step Down as CEO
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Elon Musk’s Twitter Poll Shows Users Want Him to Step Down as CEO

After billionaire asks on social-media platform whether he should stay or go, 57.5% of respondents say he should go

By ALEXA CORSE
Tue, Dec 20, 2022 9:00amGrey Clock 3 min

Elon Musk should step down as chief of Twitter Inc., according to a poll the billionaire orchestrated and pledged to follow, casting new uncertainty on the social-media platform after more than seven weeks of turmoil since he took it over.

More than 17 million Twitter users had voted by the time the poll on the platform closed after 6 a.m. ET, with 57.5% saying he should leave as head of the company. Mr. Musk, who in October closed a $44 billion deal for Twitter, had said when he launched the Twitter poll on Sunday that he would abide by the results.

It isn’t clear who would take over leading Twitter if Mr. Musk steps aside as CEO, or what his role would be, given that he still owns the company. Most of the company’s prior leadership was either fired or left after he took over.

“No one wants the job who can actually keep Twitter alive. There is no successor,” Mr. Musk tweeted Sunday.

Twitter didn’t respond to a question on the poll’s outcome.

The billionaire’s leadership at Twitter has been tumultuous and weighed on sentiment toward his other businesses, particularly car maker Tesla. Shares in the auto maker have fallen more than 56% this year, frustrating some retail investors who partly blame Mr. Musk’s focus on Twitter for the decline. Mr. Musk’s Twitter involvement also has dented Tesla’s brand image.

Tesla shares initially advanced Monday following the suggestion that Mr. Musk would stop running Twitter, though later fell along with the broader market.

There have been questions since Mr. Musk first showed interest in buying Twitter how he would juggle running the company while also pursuing all his other endeavours.

Bill Nelson, the National Aeronautics and Space Administration’s administrator, this month said he had asked SpaceX President Gwynne Shotwell if Twitter would divert from the rocket company’s mission. “She assured me that it would not be a distraction,” Mr. Nelson said.

Mr. Musk said last month that he had too much work on his plate.

“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he testified at a trial about his Tesla pay package last month. He also said he has been spending most of his time of late focusing on Twitter. At the time, he wrote on Twitter, “I will continue to run Twitter until it is in a strong place, which will take some time.”

The outcome of the poll adds another disruption at the top of Twitter, which has suffered waves of leadership upheaval. Co-founder and former CEO Jack Dorsey handed over running the company little over a year ago after a bruising battle with an activist investor. His successor, Parag Agrawal, lasted less than a year and was fired by Mr. Musk immediately after he took over the company in October. Mr. Musk also ousted several other top Twitter executives, and more have resigned since.

Mr. Musk has been the driving force at Twitter for nearly two dramatic months, with many advertisers having paused spending, resignations, and content-moderation actions that have been abrupt and controversial among many users. This past week has been another one full of twists. Twitter suspended the accounts of several journalists, prompting criticism from some lawmakers and officials before Mr. Musk said Saturday that Twitter would begin reinstating the accounts.

Earlier Sunday, Twitter made another sudden change to its content-moderation rules, saying it would no longer allow “free promotion of certain social media platforms.” That also fuelled criticism and questions, including from Mr. Dorsey, who previously endorsed Mr. Musk’s takeover. “Doesn’t make sense,” Mr. Dorsey tweeted Sunday.

Late Sunday, the tweets from @TwitterSupport and a note on the company’s website announcing the policy against promoting other social-media platforms appeared to have been deleted. Twitter’s head of trust and safety, Ella Irwin, said Monday that the company removed the new policy “in response to user feedback.” Ms. Irwin said that links to other social-media sites will be allowed until Twitter determines whether or not to implement a new policy prohibiting them.

Mr. Musk, who has said he intends to make the platform a bastion of free speech, appeared to acknowledge some concerns about the recent, abrupt content policy changes. “Going forward, there will be a vote for major policy changes. My apologies. Won’t happen again,” he tweeted shortly before posting the poll about his leadership Sunday.

Mr. Musk has warned about Twitter’s financial condition, saying last month that the company had suffered “a massive drop in revenue” and was losing over $4 million a day. He later raised the possibility of bankruptcy.

Mr. Musk’s team this past week reached out for potential fresh investment for Twitter at the same price as the original $44 billion deal, a Twitter investor said.

Some Tesla shareholders have complained that Mr. Musk’s recent focus on Twitter is hurting the auto maker. This month he sold more than $3.5 billion of Tesla stock in his second round of sales since buying Twitter. It wasn’t clear what prompted Mr. Musk to sell additional Tesla stock.

Democrat Sen. Elizabeth Warren of Massachusetts on Sunday sent a letter to Tesla’s board chair, Robyn Denholm, raising questions about Mr. Musk’s involvement with Twitter, suggesting it could be to the detriment of the auto maker’s shareholders and create conflicts of interest. The senator has sparred before with Mr. Musk.

Tesla didn’t respond to a request for comment about the share sale or the senator’s letter.

—Peter Stiff contributed to this article.



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Curb appeal—the attractiveness of one’s property—is everything when deciding to sell, rent, or simply add value to your home. That’s why Australians spend approximately $1 billion per year on property renovations.

“I am seeing smart investors and homebuyers now actively looking to upgrade, capitalising on opportunities in the market,” said Nunzio Bagnato, consultant at Homebuyers Centre Victoria. “It’s no longer just about looking for a specific price point; buyers are willing to pay extra for quality.”

From strategic renovations to expert upgrades, there are many ways in which you can add value to your property, no matter your budget. Whether you’re a seasoned investor looking to maximise returns, or a savvy homeowner wanting to spruce up your living space, look to these 10 ideas for maximising your home’s aesthetic and appeal…and in the process, add value to your property.

1). A fresh paint job goes a long way

A fresh coat of paint applied to tired walls, whether on the exterior or interior, can do wonders for your home says interior designer and stylist, Jono Fleming.

“Give your space a makeover with paint to create a fresh and elevated look. This is an accessible tool to introduce colour into your home, which serves to transform the mood and feeling of a space,” he says.

“Colour is an incredibly powerful design tool, however itʼs incredibly important that the end result feels grounded and draws people into the space. I recently refreshed a bedroom in my family’s farmhouse using Fantan and Canyon Cloud from the 2024 Dulux Colour Forecast Muse palette, which has converted the space into a vibrant retreat filled with warmth and new life.”

Besides the obvious — paint acts as a protective barrier against the elements such as rain, UV rays, and moisture — a fresh paint job can immediately add value to your home. If you have some minor imperfections, such as cracks or dents, spend some time on prep before you paint for a better finish and a more durable result. For exteriors, lighter colours are a surefire winner.

“There’s a lot of interest generated from colours; a neutral palette appeals to a broader range of buyers,” says Mr Bagnato.

Jacqui Turk
Jacqui Turk


2). Landscape the garden 

A well-kept, manicured garden can add thousands of dollars to the value of your home. If  we learned nothing from the pandemic, it’s the value of a private, well-designed outdoor area. Spending time on landscaping your front garden will not only enhance street appeal, but can also increase the functionality providing areas for relaxation, entertaining, and recreational purposes across the site.

A well-designed garden including green space, paved areas, room for entertaining and water features, can also increase your property value by up to 20 percent, according to a study conducted by the University of Western Australia. For smaller areas such as apartments or townhomes, consider seeking help from a gardening specialist who can advise on the best pots, plants and flowers depending on the orientation and soil type of your garden.

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3). Your home’s facade says a lot

The very first thing that people will see when looking to purchase their next property is the facade. Even when people are searching online, it’s often the very first image shown on a listing, and one that can make or break a property in a matter of seconds.  A visually appealing frontage can set your home apart from neighbours, and can really set the tone for what visitors, future buyers, or investors can expect when they walk through the door.

Patrick Cooney, director of sales at Melbourne-based Milieu Property, agrees that the facade of a home leaves people wanting more.

“The vast majority of people only ever get to see and experience the exterior of a building,” he says. “This is an advertisement for those who walk and drive past. Having amazing architecture and landscaping leaves people wanting to know more.”

Shutterstock
Shutterstock


4). Who doesn’t love new flooring?

It’s always immediately apparent when a vendor has spent the time and money upgrading their home’s flooring. Besides changing the look and feel of your interiors, investing in high-quality flooring materials, such as sustainable wooden floorboards for common areas such as your living and dining space, and carpet for bedrooms, can immediately increase the perceived value of your home.

One factor to keep in mind is that upgrading your flooring is not only a costly exercise but a disruptive one at that, so careful planning is encouraged.

Shutterstock
Shutterstock


5). Add that new kitchen

Should homeowners ever consider the need to renovate their homes, the kitchen is often top of the list. However small or large, adding a new kitchen to your home can do a lot for adding value to your home. Why? Recent studies conducted by OnePoll suggest that individuals spend over 1000 hours a year in their kitchen. Whether it’s preparing meals, eating meals, or working from the kitchen bench top, having a kitchen that is accessible, practical but also aesthetically pleasing is every home owner’s dream. Costs vary widely but be aware that there’s not a lot of economy of scale involved. Designing and installing a small kitchen often doesn’t cost significantly less than a larger one.

Milieu
Milieu


6). Consider art and furnishings

Another great way to elevate the look and feel of your home—and add value in the process—is through the addition of decorative pieces and furnishings.

“Art, display books and uniquely shaped vessels add interest and are an easy way to introduce colour, achieving a cohesive palette,” Mr Fleming says.

Avoid generic prints and go for something bolder, like vintage advertising posters to add personality to the room. Original art, sourced either directly from the artist, through galleries or at auction is a great way to add a luxe feel to a room. Beyond solid walls, Mr Fleming says window coverings can also benefit from the right dressing.

“Curtains, in particular, are often overlooked as an interior design tool, but theyʼre such an easy way to add colour to your space without it feeling too permanent and can completely change the ambiance or mood within a space.”

Milieu
Milieu


7). Upgrade your bathroom

After the kitchen, bathrooms are high on the priority list for buyers. If you’re planning on selling soon, you can make a considerable difference by taking small steps; replacing older sinks and toilets, upgraded hardware and new lighting can instantly transform your bathroom. If you’re planning to stay, or you’re keen to create that ‘wow’ factor for would-be buyers, opting for additions like a double vanity, walk-in shower, bathtub, or simply choosing premium materials such as marble or other natural stone, can all make a significant difference to the value of your home.

If you have more than one bathroom to renovate, consider mixing up materials and fittings while staying with the same colour palette for a cohesive look.

Milieu
Milieu


8). Be inventive, add storage 

Storage—or the lack thereof—is something all homeowners have to deal with. For many first homebuyers or renters, storage is likely one of those additions worth its weight in gold. So, as a homeowner, adding thoughtful and meaningful storage solutions can go a long way in adding appeal to prospective buyers.

“Smart storage solutions can change one’s home from a nice home to a great home. The majority of people have a plethora of ‘stuff’ and finding a place for these are key,” said Mr Cooney.

“Whether its dropping off your keys and a dog lead in your welcome station by the front door, to having an appliance nook for your coffee machine and toaster, or ensuing you have the basics like adequate bathroom storage that accommodate a hair dryer, these are all incredibly important considerations.”

9). Is your home ‘smart’? 

Integrating ‘smart’ technology is something we’re likely to see more homeowners do. While the outlay and time spent in setting up a smart home can deter some, considering things like integrated security systems, sensor blinds, keyless entry systems, smart lighting controlled via your phone, and indoor/outdoor entertainment systems can appeal to tech-savvy buyers (and ultimately increase your property’s value).

“Smart tech for the home can be pushed as far as people are wanting. At Milieu, we generally now include smart locks, smart parcel lockers, energy monitoring and number plate recognition access to basements to our new developments,” said Mr Cooney.

“In our last three projects, we have specified VZug appliances which can also be controlled from the touch of your phone.”

10). Sustainability is key

As we all look to add sustainable measures to our homes for a better, brighter, and greener futureenergy efficiency in and around our homes will only become increasingly sought-after among home buyers. This can be done by installing solar panels or energy-efficient windows and doors, installing skylights, opting for appliances that save on power, and increasing ways that save on utility bills, like swapping gas for electric induction stovetops. 

“Buyers are highly focused on sustainability and future-proofing their homes,” said Mr. Cooney. “Highly sustainable buildings, with EV provisions are key. People place a premium for sustainability and especially EV charging – the mindset has change from, ‘I may get an electric vehicle’ to ‘when I get an electric vehicle’.”

Adding an EV charging station, should you own a hybrid or electric vehicle, is a great initiative to consider for your home. Not only can an EV charging station power your vehicle, but its power can also be offset to power parts of your home.

Evnex Ltd // Unsplash
Evnex Ltd // Unsplash

 

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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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