Social Media
Former CEO Jack Dorsey Steps Down From Twitter’s Board
(CTN News) – Jack Dorsey stepped down from Twitter’s board of directors on Wednesday, May 25, 2022. Jack Dorsey left his position as CEO of the company last year and has been planning to leave the company’s board ever since. With Elon Musk’s plans to take over and Dorsey leaving the board, the most popular microblogging platform is undergoing turmoil.
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Jack Dorsey steps down from the Twitter board
Since its launch in 2006, Jack Dorsey has played a key role in the platform’s success. In November 2021, he resigned as CEO of the platform after sixteen years. Dorsey was announced at the time as a member of the board until the 2022 shareholder meeting. The 2022 shareholders’ meeting ended on Wednesday, according to a report by Bloomberg. Jack Dorsey did not stand for re-election.
After almost 16 years of being involved in our company, from co-founder to CEO to Chair to Exec Chair to Interim CEO to CEO…it’s time for me to step down.” It is reported that plans to remove Jack Dorsey as CEO were made by Twitter stakeholder Elliott Management in 2020, but a deal between them prevented it. Dorsey appointed Parag Agrawal as Twitter’s CEO when he retired, who is in charge of handling the aftershocks of Musk’s offer.
Musk is trying to figure out the number of authentic vs. fake Twitter accounts, but Dorsey’s departure might not be good for the company. Twitter has lost a lot of employees over the last month, including Ilya Brown, its VP of product management for health, conversation, and growth. VP of Twitter Service Katrina Lane and Head of Data Science Max Schmeiser also left. The platform fired its head of Revenue and head of Consumer Product, Bruce Falck and Kayvon Beykour, previously. We’ll keep you updated on Twitter and other tech news.
