Jack Dorsey: Twitter co-founder Jack Dorsey resigns before acquiring Elon Musk

Elon Musk, the owner of Twitter, has been the subject of much speculation since then. However, a month after the change of ownership of the platform, a strong news came out about it again. 


In fact, Jack Dorsey, the company's former CEO, recently resigned from the Twitter board. Earlier, rumors were circulating that he would rejoin the microblogging site as CEO, but Dorsey put an end to all speculation and made it clear that he would never return as CEO of the company. Last month, Tesla CEO Elon Musk bought one of the world's most popular social media platforms for 44 billion (about Rs 33.62 billion in Indian currency), a news that caused quite a stir around the world. However, Mask's Twitter acquisition is still pending in the recent bogus account debate. Meanwhile, news of Jack Dorsey's resignation from Twitter's Board of Directors resurfaced in the tech world.

However, Dorsey's resignation from the Twitter board came as no surprise, as his resignation from the board was confirmed after he resigned as CEO last year. That's because the company announced at the time that he would remain a member of the Twitter board until his term expires at a stockholders' meeting in 2022. Eventually, the time came when Jack Dorsey removed himself from Twitter after 16 years of working.

Dorsey resigned as CEO of Twitter in November 2021. However, he never gave a specific reason for leaving the company. However, rumors have been circulating that Elon Musk will rejoin his CEO post after buying Twitter, but Dorsey has dashed everyone's hopes. He also mentioned that no one should be the CEO of Twitter. Dorsey is currently leading a financial payments platform block, formerly known as Square.

Dorsey, meanwhile, was replaced by Parag Agrawal, an Indian-origin former CEO of the company, following his resignation as Twitter's CEO. Agarwal, an alumnus of IIT Bombay, joined Twitter 11 years ago after a brief stint with AT&T, Yahoo, and Microsoft, and in 2016 he became the company's CTO. In her email, Dorsey praised Agarwal in addition to the news of her resignation. As a result, even though he has resigned, the responsibility of the organization has fallen on the shoulders of the right person, which is clearly understood in Dorsey's statement.

Needless to say, the future of Twitter is now a bit uncertain due to various problems. Elon Musk bought Twitter last month after much speculation and speculation, but it's still a big hurdle on the way to full acquisition. On May 17, the world's richest man announced that he was suspending his Twitter acquisition deal until he could verify the number of fake / spam accounts on the popular social media platform. He further added that he would not accept the platform unless there was evidence that less than 5 percent of Twitter accounts had fake accounts. Only time will tell what exactly is written on the forehead of Twitter in the coming days. 

Newer Posts Older Posts

Related posts