Elon Musk On Why Twitter Polls Matter For Decision-Making

Twitter Inc TWTR investor and Tesla Inc TSLA CEO Elon Musk shared his reasoning on why polls on the platform matter.

What Happened: Musk said on Tuesday that “if the people vote overwhelmingly for something, it is at least *a* data point!”

I mean, if the people vote overwhelmingly for something, it is at least *a* data point!

— Elon Musk (@elonmusk) April 5, 2022

Musk’s comments came in response to a Twitter user who said that the entrepreneur is “just gonna influence twitter by polling millions of people on important issues.”

See Also: How To Buy Twitter (TWTR) Shares

Why It Matters: Musk held his first-ever poll after the news of his investment in Twitter was made public on Monday.

He asked his 80.3 million followers on Twitter if they wanted an “edit button.” Twitter CEO Parag Agrawal said on the same day that the “consequences of this poll will be important.”

Price Action: Twitter shares spiked 27% to $49.93 in the regular session on Monday and traded 1.2% higher at $50.52 in the after-hours trading. On the same day, Tesla shares closed 5.6% higher at $1,145.45 in the regular session,  according to data from Benzinga Pro.

Read Next: Why Elon Musk Building His Twitter Stake Signals 'More Aggressive' Involvement Is Likely