Jack Dorsey resigns from Twitter board: report
FOX Business host Stuart Varney discusses the upcoming Twitter shareholder meeting during the opening bell.
Twitter co-founder Jack Dorsey has resigned from the company’s board with effect today, according to The Hill.
The move was not unexpected after Tesla boss Elon Musk’s multi-billion dollar bid to buy the platform.
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The announcement comes on the same day as Twitter held its annual shareholders̵[ads1]7; meeting.
“As we shared back in November, Jack would leave the board when” his term expires at the 2022 shareholders’ meeting, “a Twitter spokesman said in a statement to The Hill.
Jack Dorsey is the creator, co-founder and chairman of Twitter and co-founder and CEO of Square (Photo: Joe Raedle / Getty / Getty Images)
Dorsey resigned as the company’s CEO in November, and the company announced that Parag Agrawal, who had been its technical manager, would replace Dorsey and take a seat on the board.
Dorsey has been very critical of Twitter’s board, saying in an April tweet that it “has consistently been the malfunction of the company.”
Twitter’s board announced last month that they would accept Musk’s offer to buy the company for $ 44 billion.
Musk put his first plans to buy the social media platform on hold earlier this month due to what he said were concerns about spam and fake accounts on the platform.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| TWTR | TWITTER INC. | 37.16 | +1.40 | +3.91% |
Dorsey tweeted his support for Musk’s acquisition of the platform last month.
Agrawal declined to give an update on the status of Musk’s acquisition of $ 44 billion at the social media giant’s shareholders’ meeting, citing “regulatory and other reasons”.
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Even though Musk did not attend the shareholders’ meetinghe was mentioned in the call several times by various shareholders whose proposals called for the appointment of a board member with expertise in human and civil rights, conducting an audit that analyzed Twitter’s impact on civil rights and non-discrimination and publishing a report on lobbying. expenditure.
Elon Musk attends The Metropolitan Museum of Arts’ Benefit Gala for the Costume Institute, which celebrates the opening of the “In America: An Anthology of Fashion” exhibition on May 2 in New York. (Photo by Evan Agostini / Invision / AP / AP Newsroom)
