Sorry, Elon, but Jack Dorsey is still Twitter’s main character

Laura Normand / The Verge

There will be a lot of confusion about what the disclosures mean for the Musk deal, but I want to focus on something else.

According to the complaint from Peiter "Mudge" Zatko, the former security chief for the social network, there were serious vulnerabilities that Russian and Chinese governments could try to exploit. I will be calling him Zatko because he refers to himself as "Mudge" in the complaint. Zatko claims that there was no incentive to count the correct number of bots. All of the allegations suggest that Dorsey was an incompetent leader.

Most of the stuff Zatko is complaining about took place while he was the CEO. In 2008 he was fired as CEO. According to Nick Bilton, this is probably because Dorsey was a bad manager. When it came to taking credit, hated criticism, loved to party, and made some weird, expensive texting deals, Dorsey liked it all. He wasn't always communicating with investors.

I would not hire this guy for a second round. In his second run as CEO, he recruited Zatko. According to Zatko, the CEO did not speak in some meetings. Even mid- and lower-level staff could tell the ship was rudderless and that the senior team was worried for his health. It wasWhew!

A lot of the problems seem to be related to what it describes as Dorsey's "absent behavior" The task of fundamentally changing the risky behaviors of 8,000 employees was not supported by Zatko.

There were people who said that he was not fit to be the CEO of the company because he was also the CEO of a payments company. Parag Agrawal became the new CEO after Dorsey stepped down. This is noted in the document and followed by an extensive redaction.

Zatko, Kayvon Beykpour, and Bruce Falck were all fired. It's not unusual for a CEO to change. The old CEO's team is often replaced by their own. According to The Washington Post, Zatko was fired because of poor performance and leadership. She says that the point of Zatko's complaint is to "opportunistically" hurt the company and its customers.

Well, okay, that's right. It doesn't mean that Zatko is right. He wrote that Zatko was fired for "ineffective leadership and poor performance" in his email to employees. Isn't this the sort of thing that Jack should have seen from his own security chief?

There will be more stories coming but we will set the record straight and defend our integrity. It sounds like we might file a libel suit if this is just journalist brain, but I'm sorry. I hope that's the case. I'm looking forward to seeing what they come up with.

The other thing I notice is that Musk's legal team subpoenaed Dorsey yesterday, including for communications and documents about the merger, or any transaction between Musk andTwitter, including buying common stock Musk's team wants to know if Musk joined the board.

When Musk made his bid, I wondered if he was involved behind the scenes, since he was still on the board. It's weird to me that Musk and Dorsey are friends. Couldn't Musk just ask? Musk has his own records of these conversations.

Musk could have asked, but he's known for his indecision and inability to make good calls. This was the main problem with him. He was fired the first time. If I am Musk's lawyers, I believe that the mess was caused by his interference. He loves being a cult leader and hates taking any blame, so he won't defend the company he ran or admit fault.

If you needed more proof of Musk's poor judgement as a leader, he mimicked it with his own at Block. The Block Head said that Musk was the sole solution for the future of the company. In July, Musk was sued for changing his mind.

So, yes, most people are going to focus on what this means for the social networking site. If I were working at Block right now, I wouldn't be happy. It is a revenue bonanza for the company but it is not a profit bonanza. In the last quarter, the profit of the digital currency fell. On the first trading day of the year, Block's shares were worth more than double their closing price today.

Oh, and the Consumer Financial Protection Bureau says that Dorsey is taking too long to investigate. It sounds like Dorsey.