Jack Dorsey Steps Down from Twitter Board

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Jack Dorsey Steps Down from Twitter Board
26 May 2022
5 min read

News Synopsis

Jack Dorsey has resigned from Twitter's board of directors, as Tesla CEO Elon Musk battles Twitter to reveal the true number of fake/spam accounts. Dorsey stepped down as Twitter CEO in November of last year, passing the torch to Indian-origin Parag Agrawal, the company's CTO at the time.

Dorsey would remain on the board "until his term expires at the 2022 meeting of stockholders," according to Twitter at the time. Dorsey has stated unequivocally that he will never be the CEO of Twitter again, despite reports of him rejoining the microblogging platform following Musk's $44 billion takeover.

Dorsey, who now runs financial payments platform Block (previously Square), also stated that no one should be Twitter's CEO. Twitter's board voted on Wednesday to fire board member and Musk ally Egon Durban, CEO of private equity firm Silver Lake Partners, according to TechCrunch.

During Tesla's failed takeover attempt in 2018, Durban led Musk's deal team. Musk has halted the $44 billion Twitter deal due to the presence of fake/spammy accounts, and he wants the microblogging platform to reveal the true number of bots.

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