Twitter founder Jack Dorsey lifted the curtain on his move to the social media company on Wednesday, resigning from the board amid allegations he stabbed other board members.
Dorsey’s resignation comes seven months after he resigned as chief executive of Twitter, handing over the baton to Parag Agrawal, who Ripples Nigeria says may be set to leave after businessman Elon Musk completed the acquisition of Twitter.
The former CEO founded Twitter in 2006 with Noah Glass, Biz Stone and Evan Williams, and currently owns a 2.4% stake in the microblogging site, making him one of the top ten majority shareholders.
Ripples Nigeria previously reported that Musk and Twitter’s board had agreed to an acquisition deal worth $44 billion, although the billionaire has now suggested that due to Twitter’s account issue spam, the cost should be reduced by 20%.
Prior to Dorsey’s exit, a former vice president of product and member of Twitter’s founding team, Jason Goldman, criticized the founder, saying he encouraged Musk to acquire 100% of the social media company.
Also Read: Twitter My Biggest Regret, Says Founder Jack Dorsey After Elon Musk Acquisition
According to Goldman, Dorsey had suggested that Twitter was better off as a private company to achieve its goal, during a meeting with Musk in April, when the Tesla owner was convinced not to buy more than 14.9. %.
After Dorsey’s comment, Musk said, “I realize now that the business will not thrive or serve this societal imperative in its current form. Twitter needs to be turned into a private company. said the billionaire, hinting at a 100% takeover.
Speaking of Dorsey’s board, Goldman said, “To me this is just a clear stabbing of the board by the founder when he had a deal in hand to shut down.” he told Bloomberg.
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