Twitter Inc co-founder Jack Dorsey took goal on the social media firm’s board in a sequence of tweets late on Monday because it weighs Elon Musk’s $43 billion takeover supply.
Dorsey, who can be a Twitter board member, added to the chatter on the micro-blogging platform final week when he stated that Twitter’s board has “consistently been the dysfunction of the company.”
In response to a tweet on Monday asking him why he didn’t “do anything about it” when he was the CEO of Twitter, Dorsey expressed frustration at his restricted means to talk freely.
“So much to say … but nothing that can be said,” Dorsey tweeted.
Dorsey’s tweets come after two weeks of upheaval on the social media firm that began with Musk disclosing a 9.2% stake after which making a buyout supply. On Friday, the board adopted a “poison pill” to restrict Musk’s means to lift his stake within the firm.
“I really wish I could break through all the abstraction here and answer you but alas and woe,” Dorsey tweeted in reply to a different thread urging him to share his ideas.
Tesla Inc CEO Musk has been vocal in his criticism of Twitter’s methods and its board. He tweeted on Monday that the wage of Twitter’s board members could be $0 if his bid succeeds, leading to $3 million being saved yearly.
Other potential patrons, together with personal fairness agency Thoma Bravo, are additionally contemplating buyout bids for Twitter, in keeping with experiences.
Dorsey continues to function the CEO of Square and holds a seat on Twitter’s board. His time period is because of expire in May on the firm’s upcoming annual assembly.
Source: www.financialexpress.com”