Jack Dorsey Gets Off Twitter Board: Report

Twitter co-founder Jack Dorsey has stepped down from the company’s board of directors effective today, according to The Hill.

The move was not unexpected after Tesla CEO Elon Musk’s billion-dollar bid to buy the platform.

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The announcement comes on the same day that Twitter held its annual shareholders’ meeting.

“As we shared in November, Jack would leave the board when ‘his term expires at the 2022 shareholders’ meeting,'” a Twitter spokesperson said in a statement to The Hill.

Jack Dorsey creator, co-founder and chairman of Twitter and co-founder and CEO of Square (Photo by Joe Raedle/Getty/Getty Images)

Dorsey stepped down as CEO of the company in November, with the company announcing that Parag Agrawal, who had been the Chief Technical Officer, would replace Dorsey and take his place on the board of directors.

Dorsey was highly critical of Twitter’s governance, saying in a tweet in April that it was “consistently the company’s dysfunction”.

Twitter’s board announced last month that it would accept Musk’s offer to buy the company for $44 billion.

Earlier this month, Musk shelved his initial plans to buy the social media platform over concerns about spam and fake accounts on the platform, he said.

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TWTR TWITTER INC. 37.16 +1.40 +3.91%

Dorsey tweeted his support for Musk’s takeover of the platform last month.

Agrawal declined to provide an update on the status of Musk’s $44 billion acquisition at the social media giant’s shareholders’ meeting, citing “regulatory and other reasons”.

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although Musk was not present at the shareholders’ meetinghe was mentioned multiple times during the call by various shareholders who suggested appointing a board member with expertise in human rights and civil rights, conducting an audit to analyze the impact of Twitter on civil rights and non-discrimination, and publish a report on its lobbying activities and spending.

Elon Musk at the Metropolitan Museum of Art

Elon Musk attends the Metropolitan Museum of Art’s benefit gala to mark the opening of the “In America: An Anthology of Fashion” exhibit on May 2 in New York. (Photo by Evan Agostini/Invision/AP / AP Newsroom)

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