As Twitter scramble continues, hate for Jack Dorsey grows at Twitter, claims report
Twitter executives blamed co-founder and former Chief Executive Officer (CEO) Jack Dorsey for the takeover, as company growth stayed flat for a decade.
By ET Spotlight Special |
Agencies
Elon Musk took over Twitter after months of negotiations. However, as expected, the takeover sparked a new tussle within the company, with several top execs, including CEO Parag Agarwal, being fired. Media reports suggest that about 50 per cent of Twitter’s 7,500 employees are about to lose their jobs. And now, media reports have surfaced suggesting that Twitter employees hate former CEO and founder of Twitter, Jack Dorsey, for their misery, according to New York Post report.
Jack Dorsey quit the company in November 2021, citing several issues that were beyond his authority. However, close observers claim that Jack Dorsey was equally responsible as the CEO and on the board of directors.
Twitter revamped: What changed after Elon Musk takeover?
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Tesla CEO Elon Musk on October 28 officially took over Twitter. Cementing control on the very first day, he tweeted, "the bird is freed".
Tesla CEO Elon Musk on October 28 officially took over Twitter. Cementing control on the very first day, he tweeted, "the bird is freed".
In less than a week after his acquisition, Elon Musk has changed Twitter operations in more than one way.
In less than a week after his acquisition, Elon Musk has changed Twitter operations in more than one way.
Musk fired erstwhile Twitter CEO Parag Agrawal as soon as he acquired the company, as guards escorted the executive out of the San Francisco office.
Musk fired erstwhile Twitter CEO Parag Agrawal as soon as he acquired the company, as guards escorted the executive out of the San Francisco office.
Not only Agrawal, Musk fired head of legal, policy and trust, Vijaya Gadde, chief financial officer Ned Segal and others too on his very first day.
Not only Agrawal, Musk fired head of legal, policy and trust, Vijaya Gadde, chief financial officer Ned Segal and others too on his very first day.
On Monday, the billionaire dissolved the entire board of Twitter as he looked to revamp the company in its totality.
On Monday, the billionaire dissolved the entire board of Twitter as he looked to revamp the company in its totality.
As he dissolved the board, Elon Musk is now the sole director of Twitter. This means that there will be no other director in the company.
As he dissolved the board, Elon Musk is now the sole director of Twitter. This means that there will be no other director in the company.
According to media reports, around 2,000 employees or a quarter of the workforce will be shown the door in Twitter's first round of layoffs.
According to media reports, around 2,000 employees or a quarter of the workforce will be shown the door in Twitter's first round of layoffs.
Musk is also said to revamp the whole verification process, with users being required to pay $20 per month to get a blue tick.
Musk is also said to revamp the whole verification process, with users being required to pay $20 per month to get a blue tick.
With Musk vowing to review content moderation, many have speculated that the ban on former US President Donald Trump's account will be lifted.
With Musk vowing to review content moderation, many have speculated that the ban on former US President Donald Trump's account will be lifted.
Following Elon Musk’s takeover, Jack Dorsey rolled over his 18 million shares in the company rather than cashing out. According to a New York Post report, top Twitter executives blamed Jack Dorsey for the takeover, which is why he was hated at the company.
The report quoted a source stating that the company’s growth had been flat for over a decade because Jack Dorsey was flying around with models.
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The source added that nobody complained about the stagnation out of respect for Dorsey, considered the “next Steve Jobs.” Following his exit from Twitter, Jack Dorsey started working on other projects like Square and Block. Last month, Dorsey revealed Bluesky, a decentralized social networking platform that prioritizes autonomy for users and developers.
FAQs
What’s Jack Dorsey’s new social media platform? Revealed last month, Bluesky is a decentralized social networking platform that prioritizes autonomy for developers and users.
How many Twitter shares does Dorsey own? Jack Dorsey owns 18 million shares of Twitter, valued at over $1 billion.