Sunday, July 3, 2022

Jack Dorsey Will Be Twitter CEO Again?

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Twitter Inc co-founder Jack Dorsey said on Wednesday that he has no plans to re-run the social media giant, implying that he will play a limited role if Elon Musk’s acquisition deal is successful. According to Reuters news agency, Musk was in talks with Dorsey to donate his shares to the planned acquisition, according to a recent registration filing.

According to reports, Dorsey, who is currently the CEO of Block Inc, has a 2.4 percent ownership in Twitter.

Dorsey was ousted as CEO of Twitter in 2008, two years after the company was founded. In 2015, he took the position back until handing it over to Chief Technology Officer Parag Agarwal in 2021.

Tesla CEO Elon Musk bought Twitter on April 25 for $44 billion. According to reports, Musk may temporarily take control of the social media company.

Meanwhile, former CEO Jack Dorsey and Elon Musk agreed on Wednesday to reactivate former US President Donald Trump’s Twitter account. Dorsey clarified his stance, saying he agreed with Elon Musk that permanent bans are a failure.

“It was a commercial decision that shouldn’t have been made, and we should always review and adjust our decisions as needed. Permanent bans on people are, as I pointed out in that discussion, directionally incorrect,” Dorsey explained.

When Twitter permanently suspended Donald Trump’s account, Jack Dorsey was the CEO. “We made the decision based on the information we had and what we thought was best,” he continued. Situation is impossible. I argue that a company shouldn’t be forced to make this decision in the first place, especially for something as vital as the public debate.

“Twitter isn’t a bar,” Dorsey said in response to concerns about why it’s inappropriate to ban someone from a virtual network in the same way it would in real life.

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