Jack Dorsey Confirms He Has No Plans to Become Twitter CEO Again


Jack Dorsey guidelines himself out of the race to turn into Twitter CEO once more

Twitter Inc cofounder Jack Dorsey mentioned on Wednesday that he was not eager to retake the helm of the social media firm, hinting at his restricted involvement if Elon Musk manages to efficiently shut the takeover deal.

  • Reuters
  • Last Updated:May 12, 2022, 12:32 IST
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(Reuters) – Twitter Inc co-founder Jack Dorsey mentioned on Wednesday that he was not eager to retake the helm of the social media firm, hinting at his restricted involvement if Elon Musk manages to efficiently shut the takeover deal.

Dorsey, who at the moment heads funds agency Block Inc., owns a 2.4% stake in Twitter, based on Refinitiv.

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Since the Twitter board accepted Musk’s $44 billion buyout supply on April 25, there’s little readability on the corporate’s new management as soon as the deal closes.

Reuters reported on April 29 that Musk had lined up a brand new chief government, whereas there are experiences that the Tesla Inc chief might briefly take excessive job.

Dorsey has had a tumultuous run as the top of the social media firm. He was changed as Twitter CEO in 2008, two years after launching the service, however took excessive job once more in 2015 earlier than ceding the position to chief know-how officer Parag Agarwal late final 12 months.

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Meanwhile, a latest regulatory submitting confirmed that Musk was in talks with Dorsey to contribute his shares to the proposed acquisition.

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