Jack Dorsey on Twitter: “Look how they have destroyed my creature” | Ben Spain

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The CEO of Twitter Inc. (NASDAQ:TWTR), jack dorsey, has a lot to say about the social media platform’s board of directors, but “nothing to say.” This is perhaps the reason why you posted a meme from Don Corleone to express their emotions.

What has happened

Dorsey made these comments on Twitter in response to the CNBC reporter Scott Wapner. Wapner asked if he thought Twitter’s dashboard was so dysfunctional and kept the company from being great, why didn’t he do “something about it when he ran the company for several years?”

Dorsey replied: “There is a lot to say… but nothing that can be said.” Wapner insisted, stating that if Dorsey was willing to say so, “a lot can be said.”

Dorsey posted a meme from Don Corleone from ‘The Godfather’ in response to another user who had commented that the public markets were trashing Twitter. The same user pointed out that Dorsey was building a future of Bitcoin (CRYPTO: BTC).

Because it is important

Over the weekend, Dorsey commented that Twitter’s board had been responsible for the company’s malfunction.

That same day, the CEO of Tesla Inc. (NASDAQ:TSLA), Elon Musknoted that with Dorsey’s departure from Twitter, the company’s board of directors “collectively owns almost no shares.”

On Monday, Musk addressed Twitter directors and said that if his attempt to take charge of Twitter is successful, the board salary would be $0 and that that would mean a savings of 3 million dollars a year.

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Dorsey stepped down as CEO of Twitter in 2021 and is currently the CEO of Block Inc. (NASDAQ:SQ).

The Twitter’s board has recently adopted a measure known as the “poison pill” to prevent an unsolicited takeover of the company.

The movement of prices

On Monday, shares of Twitter closed the regular trading session 7.6% higher at $48.51 and rose 0.7% to $48.84 in after-hours, according to Benzinga Pro data.

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Jack Dorsey on Twitter: “Look how they have destroyed my creature” | Ben Spain