April 17, 2022, 6:55 PM
Jack Dorsey, a short-time board member of the social media platform, called out the board on Saturday, saying that it has consistently been the company's problems.
If I were to look into the history of the board, it would be interesting as I was a witness to the beginning of the board. One user wished it could be made into a movie.
It has been the problem of the company.
Is it okay for you to say this? Another user asked.
No, replied Dorsey.
The wrong partner on your board can make a billion dollars in value evaporate.
It is not the sole reason behind every startup failure, but it is the true story a surprising percentage of the time.
Good boards don't create good companies, but a bad board will kill a company every time, according to another user.
Big facts was the reply from Dorsey.
The wrong partner on your board can literally make a billion dollars in value evaporate.
It is not the sole reason behind every startup failure but it is the true story a surprising percentage of the time.
If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if it could be made into a Hollywood thriller one day.
— Χαλιδ ΣωÎϊδ (@iHadrami_) April 17, 2022
Are you allowed to say this?
— yeet (@uselessthinking) April 17, 2022
no
— jackâš¡ï¸ (@jack) April 17, 2022
In November, the company's CEO is no longer with the company. He will remain a member of the board until his term ends in 2022, according to a news release from last year.
The shareholder rights plan was put in place on Friday, just a week after Musk made a $43 million offer to buy the company.
Since the announcement of Musk's stake in the company on April 4, the shares have risen 15%. Morgan Stanley is advising Musk.
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