Jack Dorsey criticizes Twitter's board amid Takeover push

After the Chief Executive Officer of Tesla and SpaceX, Elon Musk offers to acquire Twitter for $43 billion, its Co-founder Jack Dorsey has finally commented on the matter. The former Chief Executive Officer of the microblogging platform termed the Twitter board as "consistently the dysfunction of the company". Dorsey left Twitter in November last year. He handed over his responsibility to Parag Agrawal. However, he continues to be a board member until next month with his 2.2 percent share. While responding to a Twitter user, Dorsey on Sunday said: "It (the board) has consistently been the dysfunction of the company".

Jack Dorsey also agreed with the view of venture capitalist Gary Tan. Gary Tan recently said that a badly run board "can literally make a billion dollars in value disappear." When asked if he was allowed to speak publicly about the board, Dorsey replied, "No". Previously, Elon Musk had said that "With Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.” Currently, Dorsey's firm Block earlier known as Square is working on hardware crypto wallet. This wallet will help people "safely own and manage their Bitcoin".