Jack Dorsey on Twitter’s board; ‘consistently been dysfunctional’
Twitter co founder Jack Dorsey, called out his social media platform’s board,
saying “it’s consistently been the dysfunction of the company.”
“If one looks into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members.” one user tweeted.
“It’s consistently been the dysfunction of the company,” Dorsey replied.
*Jack Dorsey’s tweet, reply
it’s consistently been the dysfunction of the company
— jack (@jack) April 17, 2022
Dorsey’s comments were replies to a Saturday tweet by venture capitalist Garry Tan, who posted,
“The wrong partner on your board can literally make a billion dollars in value evaporate.
“It is not the sole reason behind every startup failure, but it is the true story a surprising percentage of the time.”
Another user replied, “Good boards don’t create good companies, but a bad board will kill a company every time.”
“Big facts,” Dorsey replied.
Dorsey stepped down as the company’s CEO in November.
He remains a member of the board “until his term expires at the 2022 meeting of stockholders,” according to twitter.
Dorsey’s criticism comes after Twitter management on Friday enacted a limited duration shareholder rights plan, also called a “poison pill,” should it want to ward off billionaire entrepreneur Elon Musk’s $43 million offer to buy the company, made the week prior
Twitter shares have risen roughly 15% since Musk’s 9.2% stake in the company was announced on April 4. Bloomberg reports
