Jack Dorsey reveals he planned to leave Twitter because of activist investor

In a recent interview with Mike Solana, Jack Dorsey, the cofounder of Twitter, criticized the board that oversaw the social media firm during his time as CEO, stating that they had always been a problem. Dorsey expressed his challenges with the board and his satisfaction when the company went private after being sold to Elon Musk for $44 billion in October 2022, who then rebranded it as X. Dorsey had already stepped down from Twitter in 2021 and handed over the reins to new CEO Parag Agrawal. Dorsey also mentioned his unsuccessful attempts to bring Musk onto the board earlier on, and his decision to ultimately leave the platform due to various issues, including pressure from an activist investor and disagreements with the board. Reports suggest that Dorsey was open to Musk’s acquisition of Twitter and his vision for transforming the platform. Dorsey’s comments come in the wake of his departure from Bluesky, a social media project he helped create, urging users to switch to X, which Musk envisions as a censorship-free “digital town square.” Despite controversy surrounding Musk’s decisions on X, Dorsey believes that the platform’s future success may lie in moving away from traditional advertising revenue.

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