Jack Dorsey has stepped down from Twitter’s Board of Directors after resigning as CEO and playing a key role in the company’s sale to Elon Musk. Dorsey’s resignation was anticipated, as his tenure was set to expire at the 2022 annual meeting of stockholders.
According to CNET, Dorsey has been concentrating on his American financial services and digital payments company, Block. For this reason, he has started removing himself from Twitter’s tasks and responsibilities.
Dorsey has already held the position of CEO of the social media network on two occasions. He supported Elon Musk’s purchase of the company.
“Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one”, Dorsey tweeted. ‘Elon is the singular solution I trust. I trust his mission to extend the light of consciousness, he further added.
The departure of Jack Dorsey marks the end of an era for the organization, as he has been a part of it since its inception. Furthermore, with Dorsey’s exit from the board, all of the company’s founders have broken links with the social media site.
To read our blog on “For Twitter’s future, Jack Dorsey believes “Elon is the one answer I trust,” click here.
