Twitter shareholders voted to kick an ally of Elon Musk off the company's board in an apparent snub to the billionaire
Business InsiderSep 09, 2022
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.
Twitter's new CEO, Parag Agrawal, will take Dorsey's seat on the board.
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."
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.
