Jack Dorsey steps down from Twitter’s board of directors

Jack Dorsey announced yesterday during the last Twitter shareholder meeting that he will immediately leave the company’s board of directors.

Jack Dorsey, co-founder and former CEO of Twitterhas decided to cut ties definitively with the little bird social network. Dorsey announced yesterday during the company’s last shareholder meeting that he will immediately leave Twitter’s board of directors.

Dorsey had long since begun to distance himself from the social network he co-founded with Evan Williams and Biz Stone in 2006.. In November of the year he left his position as CEO at Twitter to focus his efforts on the mobile payment company Block (which was once known as Square).

The co-founder of Twitter had in mind to disassociate himself from the company’s board of directors since stepped down as CEO about six months ago. In fact, at the time of Dorsey’s resignation, Twitter announced that its former CEO would remain on the company’s board of directors until the company’s next shareholders’ meeting (which took place yesterday).

Dorsey’s departure from Twitter marks the end of an erasince he had been involved in the company since its foundation.

Dorsey was CEO of Twitter during two different periods

With the arrival on the scene of Elon Musk, who announced last month his decision to buy Twitter for $44 billion, the social network seems impenetrably doomed to a copious torrent of changes.

Twitter will thus inaugurate a new stage without having Jack Dorsey, who was CEO of the company between 2006 and 2008 and between 2015 and 2021, at his side. Dorsey was also the one who directed the designs of Twitter during the political chaos unleashed during the mandate of Donald Trump.

At the shareholders’ meeting in which Dorsey announced his intention to disassociate himself from Twitter, those gathered there voted, by the way, against renewing Egon Durban’s seat.CEO of the venture capital firm Silver Lake and a personal ally of Elon Musk.

The CEO of Tesla has informed, on the other hand, the US regulator that it will contribute approximately 6,000 million more in cash to make the acquisition of Twitter effective and thus reduce the amount of bank credit involved in the transaction.

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Jack Dorsey steps down from Twitter’s board of directors