Jack Dorsey Leaves Twitter Board Of Directors 16 Years After Co-founding Social Media Giant


Jack Dorsey will reportedly leave Twitter’s board of directors yesterday May 25 – 16 years after co-founding the firm.

He is expected to stand down ahead of the $44billion takeover by Tesla magnate, Elon Musk.

According to the business news website The Street, Dorsey was set to leave Twitter on Wednesday May 25.

Dorsey stepped down as CEO of the company in the fall, handing the reins to Parag Agrawal. He founded Twitter with Noah Glass, Biz Stone, and Evan Williams in 2006.

News of Jack Dorsey leaving the Twitter board comes after a former company veteran and ex-director accused him of stabbing his company’s board in the back by serving up the social media platform on a platter to Elon Musk.

Jason Goldman, the former vice president of Product and member of Twitter’s founding team referenced events that transpired on April 5, the day after chairman Bret Taylor and CEO Parag Agrawal reached an agreement to bring Musk on as a director in exchange for not expanding his stake beyond 14.9%.

During a meeting that the Tesla CEO had requested, Dorsey “shared his personal view that Twitter would be able to better focus on execution as a private company,” according to an SEC filing by Twitter.

This suggests the cofounder, who served on the board alongside Taylor and Agrawal, encouraged Musk to buy the company outright.

“That to me is just a clear backstabbing of the board by the founder when they had a deal in hand to come to a standstill,” Goldman said in the interview.

[Daily Mail]


Please enter your comment!
Please enter your name here

Share post:




More like this

Eat less of hot, heavy food during hot season – Health expert admonishes gluttons

With the hot season advancing fast, Chairman of Nigeria...

2023 rainy season: Edo, Delta, Bayelsa express readiness to mitigate flooding

The governments of Edo, Delta and Bayelsa, have announced...

Naira Scarcity: Be Patient with CBN, FG, Peter Obi tells Nigerians

Amid the scarcity of the newly redesigned naira notes,...

2023 Election: Clergy advises Nigerians to protect their votes

Apostle Johnson Suleman, a renowned Nigerian Clergy and President...