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Twitter co-founder Dorsey takes aim at board in series of tweets

April 19, 2022 at 10:34 am EDT

(Reuters) - Twitter Inc co-founder Jack Dorsey took aim at the social media company's board in a series of tweets late on Monday as it weighs Elon Musk's $43 billion takeover offer.

Dorsey, who is also a Twitter board member, added to the chatter on the micro-blogging platform last week when he said that Twitter's board has "consistently been the dysfunction of the company."

In response a tweet on Monday asking him why he did not "do anything about it" when he was the CEO of Twitter, Dorsey expressed frustration at his limited ability to speak freely.

"So much to say ... but nothing that can be said," Dorsey tweeted.

Dorsey's tweets come after two weeks of upheaval at the social media company that started with Musk disclosing a 9.2% stake and then making a buyout offer. On Friday, the board adopted a "poison pill" to limit Musk's ability to raise his stake in the company.

"I really wish I could break through all the abstraction here and answer you but alas and woe," Dorsey tweeted in reply to another thread urging him to share his thoughts.

Tesla Inc CEO Musk has been vocal in his criticism of Twitter's strategies and its board. He tweeted on Monday that the salary of Twitter's board members would be $0 if his bid succeeds, resulting in $3 million being saved every year.

Other potential buyers, including private equity firm Thoma Bravo, are also considering buyout bids for Twitter, according to reports.

Dorsey continues to serve as the CEO of Square and holds a seat on Twitter's board. His term is due to expire in May at the company's upcoming annual meeting.

(Reporting by Yuvraj Malik and Sonia Cheema in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Jack Dorsey

Jack Dorsey is Twitter’s co founder. In 2010, Twitter had more than 105 million users who “tweet” about 55 million times a day.

Until fourteen years old, Jack Dorsey, grew up in Saint Louis, Missouri. He had studied science and Technology at University of Missouri and then joined University of New York.

In 2000, he founded a service which allows to send messages from the Web in order to find quickly a taxi. The idea of communicating in a real time comes from AOL instant messenger.

He meets Odeo’s founders, Noah Glass and Evan Williams. Noah Glass markets AudioBlogger, an application allowing to publish audio files on a blog via telephone. Evan Williams is known as co-founder of Pyra Labs, which in origin was a platform of blogs, taken over by Google in 2003.

Together they create a Twitter’s prototype. The idea is allowing users to say what they are doing via SMS. Open to public on July 13 2006, the first version is called stat.us and then twitter.

Until October 16 2008, Jack Dorsey is a CEO. Then he became chairman of the board, and Evan Williams succeeded him.

With its ease of use, Twitter becomes rapidly very popular. In 2007, Twitter won South by Southwest Web awards for blogs.

In May 2009, Dorsey announced his new project, Square, originally the name was Squirrel. This is a start-up which allows people to receive payments by credit card through a small device installed on their mobile phone.

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