Finance

Jack Dorsey Steps Down from Twitter Board

MAY 26 2022·Updated DEC 29 2022

Story

Image credit: Getty Images [via Fox Business]

The Facts

Twitter co-founder Jack Dorsey has stepped down from the company's board effective Wed., a move that was previously announced at the annual shareholder meeting in Nov. 2021.
FOX News
Twitter's new CEO, Parag Agrawal, will take Dorsey's seat on the board.
FOX News
This marks the end of an era. The former CEO reiterated his support for Elon Musk's takeover, calling it the "singular solution" he trusts.
Independent
Some have been critical of Dorsey's actions while on the board. Jason Goldman, member of the founding team and former board member, said he served the company on a platter to Musk by "backstabbing" the board of directors.
New York Post
For his part, Dorsey has been critical of the board, saying in Apr. that it has "consistently been the dysfunction of the company."
FOX News
Reports have claimed that the board is in a state of "turmoil" after it ousted one of its members, Egon Durban, who supports Musk. Musk's purchase of the company wasn't discussed during the meeting.
Independent

Sources Split

LEFT

CENTER

RIGHT

ESTAB
CRIT

CENTER

PRO
ESTAB

The Spin

Narrative A

Dorsey and Musk have similar views on how Twitter should operate. This is why Dorsey has left the company in Musk's hands and believes him to be the "singular solution."

CNBC

Narrative B

Dorsey has now entrusted Twitter, which used to be his prized endeavor, to the fickle and reckless Musk. Although the two seem to share a similar vision for the company, it remains to be seen whether Dorsey will regret his decision to entrust Musk with the "public square" that he helped to pioneer.

Fortune