Former CEO Jack Dorsey steps down from Twitter board
May 26, 2022, 10:27 IST
Jack Dorsey has stepped down from the Twitter board of directors, as Tesla CEO Elon Musk fights with the micro-blogging platform to reveal the actual number of fake/spam accounts.
Dorsey quit as Twitter CEO in November last year, handing over the baton to Indian-origin Parag Agrawal who was then the CTO of the company.
At the time, Twitter noted that Dorsey would stay on the board "until his term expires at the 2022 meeting of stockholders".
Dorsey, who is now running financial payments platform Block (earlier Square), also said that no one should be the CEO of Twitter.
At the shareholders' meeting on Wednesday, Twitter's board voted to oust board member and Musk ally Egon Durban, CEO of private equity firm Silver Lake Partners, reports TechCrunch.
Durban led Musk's deal team during the 2018 failed effort to take Tesla private.
Musk has put the $44 billion Twitter deal on hold over the presence of fake/spammy accounts and wants the micro-blogging platform to come clean on the actual number of bots.
SEE ALSO:
Elon Musk is funding his $44 billion Twitter buyout with his own wealth and seeking additional backers following dip in Tesla stock, new report says
Twitter agrees to pay $150 million to settle allegations that it misused user information for advertising purposes
Advertisement
Dorsey quit as Twitter CEO in November last year, handing over the baton to Indian-origin Parag Agrawal who was then the CTO of the company.
At the time, Twitter noted that Dorsey would stay on the board "until his term expires at the 2022 meeting of stockholders".
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Dorsey, who is now running financial payments platform Block (earlier Square), also said that no one should be the CEO of Twitter.
Advertisement
Durban led Musk's deal team during the 2018 failed effort to take Tesla private.
Musk has put the $44 billion Twitter deal on hold over the presence of fake/spammy accounts and wants the micro-blogging platform to come clean on the actual number of bots.
SEE ALSO:
Elon Musk is funding his $44 billion Twitter buyout with his own wealth and seeking additional backers following dip in Tesla stock, new report says
Twitter agrees to pay $150 million to settle allegations that it misused user information for advertising purposes