After becoming Twitter’s largest shareholder, Tesla CEO Elon Musk polled his followers on Monday to see if they wanted a “edit button” on tweets, which the platform currently does not allow.
Twitter’s stock rose more than 4% in premarket trading on the Nasdaq stock exchange Tuesday morning. At 6:41 a.m., it was up 1.04 percent. ET and is currently trading at around $51 per share. The increase comes on the heels of Twitter’s best trading day since its IPO in 2013, with shares surging more than 27 percent on Monday.
“Do you want an edit button?” Musk asked in the tweet late Monday.
At the time of writing, the poll had received 2,333,856 votes, with some 73.6% voting “yes” and 26.4% voting “on.”
Former Twitter CEO Jack Dorsey stated in 2020 that such a feature would “probably never” be implemented. On Friday, April Fool’s Day, the company stated flatly, “we are working on an edit button.”
Soon after, Twitter CEO Parg Agrawal quoted Musk’s poll with the caption: “The consequences of this poll will be significant. Please vote carefully.”
Musk, who has 80 million Twitter followers and is active on the platform, has questioned the platform’s free speech and whether it is undermining democracy. Agrawal, who succeeded founder Jack Dorsey as CEO last year, was echoing a phrase used by Musk on March 25 in a tweet about Twitter’s free speech principles.
While an edit button would allow Twitter users to fix grammatical errors, there are concerns that it would also enable them to edit the meaning of a tweet, which could be problematic if that tweet had gone viral and had millions of impressions.