The CEO of Twitter Inc. (NASDAQ:NYSE:) Jack Dorsey has a lot to say about the social media platform’s board of directors, but “nothing to say.” This is perhaps why he posted a Don Corleone meme to express his emotions.
What Has Happened Dorsey made these comments on Twitter in response to 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?”
so much to say…but nothing that can be said
— jack (@jack) April 19, 2022
Dorsey replied, “There’s 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”.
Plenty can be said if you’re willing to actually say it. I think it’s a very fair question. You were CEO, a founder and a large shareholder. Surely if you thought the Board was dysfunctional – or certain members led to its dysfunction – you could have made changes.
— Scott Wapner (@ScottWapnerCNBC) April 19, 2022
Dorsey posted a meme of 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 (CRYPTO: ).
pic.twitter.com/wzpKumSbzX
— jack (@jack) April 19, 2022
Also Read: How To Buy Twitter Stock (TWTR)
Why It Matters Over the weekend, Dorsey commented that Twitter’s board had been responsible for the company’s malfunction.
That same day, Tesla Inc (NASDAQ:NASDAQ:) CEO Elon Musk noted that with Dorsey’s departure from Twitter, the company’s board of directors “collectively owns almost no stock.”
On Monday, Musk addressed Twitter directors and said that if his bid to take over Twitter is successful, the board’s salary would be $0 and that would save $3 million 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).
Twitter’s board recently adopted a measure known as the “poison pill” to prevent an unsolicited takeover of the company.
The price move 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 data from Benzinga Pro.
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