New York: Former Twitter CEO Jack Dorsey has stepped down from the Twitter board. Dorsey was previously rumoured to rejoin as the Twitter CEO but he put an end to speculations by revealing that he would not return as the CEO of Twitter ever again. Dorsey’s thoughts align with Elon Musk, who is currently in the midst of taking over Twitter. However, the $44billion deal has currently been put on hold for multiple reasons.
The reason behind Dorsey’s exit from the Twitter board does not come as a shocker. That is because Dorsey was destined to leave the board from the day he stepped down as the CEO. When he left, the company had made an announcement stating that he would remain a part of the Twitter board “until his term expires at the 2022 meeting of stockholders.”
Dorsey is currently spearheading the financial payments platform Block, which was formerly known as Square. Dorsey had dismissed the reports of returning as the CEO of Twitter after the Musk takeover. He in fact reiterated that nobody should be the CEO of Twitter.
Dorsey resigned as the Twitter CEO in November 2021. Although he did not reveal the exact reason behind leaving the company, it is believed that the Twitter board is trying to replace him in 2020, citing his lack of innovation and divided attention.
“After almost 16 years of having a role at our company, from co-founder to CEO to Chair to Exec Chair to Interim CEO to CEO, I decided it is finally time for me to leave. I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey had said about his resignation in an email to his employees.
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