• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Jack Dorsey on Dysfunctional Twitter Board

by Srestha Roy
April 19, 2022 - Updated On April 20, 2022
in News
Reading Time: 2 mins read
0
Jack Dorsey on Dysfunctional Twitter Board
TwitterWhatsappLinkedin

In a flurry of tweets late Monday, Twitter Inc (TWTR.N) co-founder Jack Dorsey took aim at the company’s board as it considers Elon Musk’s $43 billion acquisition offer.

You might also like

Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

Lenskart Valued at $6.1 Bn by Fidelity Ahead of Mega IPO

Weekly Business News: Everything from Shein Re-entry to Ola’s Zero Commission Model

Last Monday, Twitter board member Jack Dorsey contributed to the commotion by saying that the microblogging platform’s board has “consistently been the company’s dysfunction.”

Dorsey expressed frustration at his limited capacity to talk freely in response to a tweet on Monday questioning why he did not “do anything about it” when he was the CEO of Twitter.

“So much to say … but nothing that can be said,” Dorsey tweeted.

Dorsey’s remarks follow two weeks of turmoil at Twitter, which began with Musk revealing a 9.2 percent investment and then making a takeover offer. Musk’s capacity to increase his share in the company was limited by a “poison pill” enacted by the board on Friday.

“I really wish I could break through all of the abstraction here and answer you,” Dorsey tweeted in response to another thread encouraging him to express his opinions.

Tesla CEO Elon Musk (TSLA.O) has been outspoken in his criticism of Twitter’s strategies and board of directors. On Monday, he tweeted that if his proposal is successful, the compensation of Twitter’s board members will be $0, saving the company $3 million each year.

According to rumors, other potential bidders, including private equity company Thoma Bravo, are mulling purchase bids for Twitter. find out more

Dorsey is still the CEO of Square and a member of the Twitter board of directors. At the company’s annual meeting in May, his term will come to an end.

Obvious Corporation was co-founded by Evan Williams, Biz Stone, and Noah Glass, which later split off Twitter, Inc., with Dorsey as CEO (CEO). Dorsey led the company through two rounds of venture capital funding as CEO. [He was reportedly fired for leaving work early to pursue other interests such as yoga and fashion design.]

As the site grew in popularity, Dorsey prioritized improving uptime over generating cash, which Twitter was not planned to generate in 2008.

Commercial use of Twitter and its API, according to Dorsey, are two factors that could lead to paid features. Simplicity, constraint, and workmanship are his three guiding values, which he claims the organization shares.

Dorsey was one of several tech CEOs summoned by the US Senate Commerce Committee in October 2020. The committee’s chairman, Republican Roger Wicker, led the effort to compel the CEOs of Twitter, Facebook, and Google to testify regarding the legal immunity granted to the tech giants under Section 230 of the Communications Act of 1996.

On November 29, 2021, he announced his resignation as Twitter’s CEO. His resignation took effect right away. Dorsey was succeeded as CEO by Parag Agrawal, the company’s former CTO, who took over immediately. As CEO of Block, Inc., Dorsey will continue to lead.

Tags: Jack DorseyTwiitertwitter board
Tweet54SendShare15
Previous Post

Musk tweets “sounds high” to Meta expenditure on Zuckerberg’s security

Next Post

Anand Mahindra agress with tweet calling 10-minute delivery services ‘inhuman’; Zepto responds

Srestha Roy

Recommended For You

Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

by Thomas Babychan
June 14, 2025
0
Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

The global financial markets were shaken on Friday following Israel's airstrikes on Iranian military leaders and nuclear facilities. The sudden military escalation triggered a rapid response across various...

Read more

Lenskart Valued at $6.1 Bn by Fidelity Ahead of Mega IPO

by Ishaan Negi
June 14, 2025
0
Fidelity’s 12% mark up of its stake in Lenskart increases its valuation to $5.6 Bn

In a bold stride toward public markets, Indian eyewear unicorn Lenskart has seen its valuation jump 22% to $6.1 billion, according to a recent portfolio update by US-based...

Read more

Weekly Business News: Everything from Shein Re-entry to Ola’s Zero Commission Model

by Ishaan Negi
June 14, 2025
0
Weekly Business News: Top business updates in this week

India’s business ecosystem is buzzing with pivotal developments—from dramatic stake sales to ambitious clean grocery launches and a Chinese fashion brand’s tactical re-entry. Here's a roundup of six...

Read more
Next Post
anand mahindra apologizes

Anand Mahindra agress with tweet calling 10-minute delivery services 'inhuman'; Zepto responds

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?