Jack Dorsey ‘will leave Twitter’s board of directors TODAY’: CEO set to step down 16 years after co-founding social media giant
Jack Dorsey will reportedly leave Twitter’s board of directors today 16 years after co-founding the firm.
The CEO is expected to stand down ahead of the $44billion takeover by Tesla magnate Elon Musk.
Meanwhile billionaire Peter Thiel is also expected to leave Facebook despite being an early investor in the company
The CEO is expected to stand down ahead of the $44billion takeover by Tesla magnate Elon Musk
Dorsey was set to leave Twitter on Wednesday, according to business news website The Street.
The CEO and co-founded had not commented on the claims and the news firm was yet to go into further detail.
Earlier this month the entrepreneur said he agreed with Musk’s decision to reverse a ban on Donald Trump on the platform.
Musk, who is in the process of completing his $44billion acquisition, revealed he intended to revoke the ban, calling it ‘a morally bad decision and foolish in the extreme’.
Trump was banned from Twitter in January 2021, in response to his supporters storming the US Capitol and attempting to block the certification of Joe Biden’s election victory.
Speaking at a London conference on the future of cars, Musk said: ‘I do think it was not correct to ban Donald Trump.’
The Tesla founder said Dorsey, who was CEO until November 2021, agreed with him. ‘I do agree,’ Dorsey tweeted, pointing out he did not generally support bans.
‘There are exceptions (CSE, illegal behaviour, spam or network manipulation, etc), but generally permanent bans are a failure of ours and don’t work, which I wrote about here after the event (and called for a resilient social media protocol).’