Twitter co-founder Jack Dorsey takes aim at ‘dysfunctional’ board in series of tweets

Late on Monday, Twitter co-founder and former CEO Jack Dorsey took aim at the board of the social media company in a series of tweets as it is considering Elon Musk’s $43 billion offer to purchase the platform.

Dorsey, who also serves as a Twitter board member, added to the discussion last week when he said that Twitter’s board has “consistently been the dysfunction of the company.” 

When responding to a Monday tweet asking him why he did not “do anything about it” when he was functioning as the CEO of Twitter, Dorsey expressed some frustration at his limited ability to speak as freely about the situation. “So much to say…but nothing that can be said,” Dorsey replied in his own tweet. 

Dorsey’s messages have come just two weeks of controversy at the social media company that first began with Musk, the CEO of Tesla and founder and CEO of SpaceX, announcing a 9.2 percent stake, which made him the largest shareholder in the company at the time.

Musk was offered a seat on the social media platform’s board, but that came with the stipulation, called a “poison pill” that he could no longer raise his own stake in the company. He later made a buyout offer of $43 billion.

Musk has been open and vocal about his critiques of Twitter’s business strategies and its board. He tweeted out on Monday that the salary of the board members would be $0 if his bid was successful, meaning $3 million would be saved every year.

Dorsey is still the CEO of Square and holds his own seat on Twitter’s board, but this term is set to expire in May at the company’s annual meeting. 




Leave a Reply