Is Jack Dorsey Going to be Twitter CEO Again?
Twitter Inc co-founder Jack Dorsey said on Wednesday that he has no intentions to lead the social media giant again, implying that he will have a restricted role if Elon Musk’s acquisition agreement is successful. According to news agency Reuters, Musk was in talks with Dorsey to donate his shares to the planned acquisition, according to a recent regulatory filing.
According to reports, Dorsey, who is presently the CEO of Block Inc, holds a 2.4 percent ownership in Twitter.
Dorsey was ousted as Twitter’s CEO in 2008, two years after the company was founded. In 2015, he reclaimed the post until handing it over to chief technology officer Parag Agarwal in 2021.
Elon Musk, the CEO of Tesla, purchased Twitter for $44 billion on April 25. According to reports, Musk may temporarily assume control of the social media company.
@jack would you like to though???
— Peter Pischke-Friendly Neighborhood Journo (@HappyWarriorP) May 11, 2022
Meanwhile, former CEO Jack Dorsey and Elon Musk agreed on Wednesday to reactivate former US President Donald Trump’s Twitter account. Dorsey clarified his position, saying he agreed with Elon Musk that permanent bans are a failure.
“It was a commercial decision that should not have been made, and we should always examine and adapt our decisions as needed. Permanent bans of persons are, as I indicated in that discussion, directionally incorrect “Dorsey explained.
When Twitter permanently suspended Donald Trump’s account, Jack Dorsey was the CEO. “We took the decision based on the information we had and what we thought was best,” he continued. Situation is impossible. I’m arguing that a corporation shouldn’t be forced to make this decision in the first place, especially for something as essential as public discourse.”
“Twitter isn’t a bar,” Dorsey said in response to concerns about why it’s improper to ban someone on a virtual network the same way it may be done in real life.
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