Dorsey Steps Down From Twitter’s Board

Jack Dorsey, the Twitter co-founder, has now left the company’s board of directors, NBC wrote Wednesday (May 25).

That came weeks after he was instrumental in selling the company to billionaire Elon Musk.

The report said Dorsey’s departure was planned, with Twitter saying last year that he would do so after his term expired at the 2022 shareholders’ meeting, which took place Wednesday. And with his leaving, all of the Twitter founders have cut official ties with the company.

This comes at a time of headlines for the company for other reasons, due to Musk’s purchase and the various developments surrounding that.

The report notes that the deal came down April 25, with Musk buying the social media giant for $44 billion.

Dorsey reportedly seemed to “personally endorse” this as he said Musk could help the company move in a positive direction.

Dorsey is known for his support of Bitcoin, with recent tweets suggesting he’ll continue supporting it even with the various turmoil going on surrounding the collapse of the UST coin.

See also: Twitter CEO, Musk Disagree Over Amount of Spam Bots on Platform

Musk’s plans for Twitter have changed in recent weeks, and PYMNTS wrote that he had reportedly been reconsidering due to what he characterized as a greater number of spam bots than the company was admitting to.

The report said Musk put the buy on hold while he looked into the issue.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.

He said he thinks around 20% of accounts were bots, a much higher percentage than the company’s number of 5%.

He said he wanted to run an independent test on how many bots there were through sampling 100 random accounts following the @Twitter account, claiming that was how the company did it, too. The company said it ran manual tests, and added that the issue became complicated because some accounts looked like bots but weren’t, or vice versa.