Wed 25 May 2022:
On Wednesday, Twitter co-founder and former CEO Jack Dorsey resigned from the company’s board of directors, coinciding with the company’s annual shareholder meeting.
In November, Dorsey stepped down as CEO, and Parag Agrawal, who had previously worked as Twitter’s Chief Technology Officer, took his place. With the 2022 shareholder meeting, Dorsey stepped down as a board member.
The shareholder meeting also occurred amid a possible takeover of the company by billionaire entrepreneur Elon Musk, who said he would like to revolutionize Twitter’s role in public debate by bolstering freedom of speech on the platform.
Musk began the process of acquiring Twitter but paused over concerns about the number of bots on its social media platform. Musk initially agreed to acquire the company for $44 billion.
Agrawal said during the shareholder meeting that the deal could not be discussed because of regulatory and other reasons, but noted that the company is working through the transaction process.
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