Twitter Inc co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late Monday as it weighed up a $43 billion takeover offer. by Elon Musk.
Twitter Inc co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late Monday as it weighed up a $43 billion takeover offer. by Elon Musk.
Dorsey, who is also a member of Twitter’s board, added to the microblogging platform’s chatter last week when he said that Twitter’s board “has always been corporate turmoil.”
Responding to a tweet on Monday asking him why he didn’t “do anything about it” as CEO of Twitter, Dorsey expressed frustration at his limited free speech.
“Lots of things to say…but nothing to say,” Dorsey tweeted.
Dorsey’s tweet comes after two weeks of upheaval at the social media company that began with Musk disclosing a 9.2% stake and then making a buyback offer. On Friday, the board approved a “poison pill” to limit Musk’s ability to increase his stake in the company.
“I really wish I could get past all the abstractions here and reply to you but alas and woe,” Dorsey tweeted in response to another thread urging him to share his thoughts. .
Tesla Inc CEO Musk has been vocal in his criticism of the strategies of Twitter and its board. He tweeted on Monday that the salary of Twitter’s board members would be $0 if his bid was successful, resulting in savings of $3 million annually.
Other potential buyers, including private equity firm Thoma Bravo, are also considering a bid to acquire Twitter, according to the report.
Dorsey continues to serve as CEO of Square and holds a seat on Twitter’s board. His term will expire in May at the company’s upcoming annual meeting.
