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Jack Dorsey Steps Down From Twitter Board, Effective Immediately


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Something VERY interesting is happening with social media leadership.

Namely, the top 2 and the top 2 most corrupt: Facebook and Twitter.

Earlier today, news broke that Peter Thiel was stepping down from Facebook/Meta’s board:

Thiel was one of Facebook’s first investors, but also has deep ties to Trump (and Elon Musk).

If you want to read more on Thiel’s departure, read my full article here:

Peter Thiel Steps Down From Facebook/Meta Board

In this article, I want to talk about Jack Dorsey departing Twitter on the very same day.

Coincidence?

I’m skeptical.

Others are too:

News of Dorsey’s departure broke a few hours ago:

From TechCrunch:

Former Twitter CEO Jack Dorsey’s time at the company has come to an end. Dorsey stepped down from Twitter’s board of directors Wednesday, a change that’s effective as of the company’s shareholders meeting.

Dorsey had already begun to distance himself from the social media platform he co-founded, leaving Twitter’s chief executive role late last year to focus on Block, formerly known as Square.

The plan for Dorsey to leave the board has been in place since he stepped down as CEO. At the time, the company noted that Dorsey would stay on the board “until his term expires at the 2022 meeting of stockholders.”

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Dorsey’s exit from the board marks the end of an era, as Dorsey has been involved with the company in an official capacity since its founding. With SpaceX and Tesla billionaire Elon Musk still poised to buy Twitter, cold feet notwithstanding, the world’s most prominent real-time social network is on the cusp of a lot of change.

Many have pointed out this appears to have been predicted by Q:

The Far-Left MSM also seems to have bailed on Dorsey, claiming he was “working with Elon Musk”.

Wow, really?

So is Dorsey a black hat or a white hat?

For years, we thought he was the chief villain at Twitter, but it may not be so clear.

From Fortune:

Twitter cofounder Jack Dorsey stabbed his company’s board in the back by serving up the social media platform on a platter to Elon Musk, according to a former company veteran and ex-director.

As the company prepares to host shareholders for a virtual annual general meeting from 1 p.m. ET on Wednesday, Jason Goldman found clear words for his former colleague during an interview with Bloomberg.

The former vice president of Product and member of Twitter’s founding team referenced events that transpired on April 5, the day after chairman Bret Taylor and CEO Parag Agrawal reached an agreement to bring Musk on as a director in exchange for not expanding his stake beyond 14.9%.

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During a meeting that the Tesla CEO had requested, Dorsey “shared his personal view that Twitter would be able to better focus on execution as a private company,” according to an SEC filing by Twitter.

This suggests the cofounder, who served on the board alongside Taylor and Agrawal, encouraged Musk to buy the company outright.

“That to me is just a clear backstabbing of the board by the founder when they had a deal in hand to come to a standstill,” Goldman said in the interview.

Shortly thereafter the Tesla CEO backed out of the agreement in favor of announcing a $44 billion acquisition plan.

“On April 9, 2022, before Mr. Musk’s appointment to the Twitter Board became effective, Mr. Musk notified Messrs. Taylor and Agrawal that he would not be joining the Twitter Board and would be making an offer to take Twitter private,” Twitter said in its proxy statement from May 17th.

According to Twitter, a day before Musk made his proposal public, he reached out to Taylor again.

“I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” the centibillionaire wrote.

Goldman, who stepped down from Twitter’s board in 2010, said shareholders would now just want assurances that the $54.20 per share tender offer will proceed as planned after Musk claimed the deal was on hold pending an audit into the number of fake accounts.

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“The most important answer [the company] can assert is that there’s no such thing as the deal being on hold,” Goldman explained.

He referenced recent leaked reports that general counsel Vijaya Gadde had told staff the company remained committed to the deal and would enforce its execution legally if need be.

So what do you think?



 

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