{"id":1442873,"date":"2022-04-18T07:30:49","date_gmt":"2022-04-18T11:30:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1442873"},"modified":"2022-04-18T07:30:59","modified_gmt":"2022-04-18T11:30:59","slug":"ex-twitter-ceo-jack-dorsey-lashes-out-there-at-twitters-board-like-elon-musk-tries-to-get-company","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-twitter-ceo-jack-dorsey-lashes-out-there-at-twitters-board-like-elon-musk-tries-to-get-company\/","title":{"rendered":"Ex &#8211; Twitter CEO Jack Dorsey Lashes Out there At Twitter\u2019s Board Like Elon Musk Tries TO GET Company"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fex-twitter-ceo-jack-dorsey-lashes-out-there-at-twitters-board-like-elon-musk-tries-to-get-company%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1442873&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/JD-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Former Twitter CEO and co-founder Jack Dorsey slammed the company\u2019s board of directors in a tweet over the weekend which comes as entrepreneur Elon Musk, the world\u2019s richest man, offered $43 billion to buy the company outright last week.<\/p>\n<p>Dorsey was responding to the following tweet when he made his remark, \u201cIf look into the history of Twitter board, it\u2019s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter\u2019s founding members. I wish if it could be made into a Hollywood thriller one day.\u201d<\/p>\n<p>Dorsey responded, \u201cIt\u2019s consistently been the dysfunction of the company.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">it\u2019s consistently been the dysfunction of the company<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1515549577352564740?ref_src=twsrc%5Etfw\">April 17, 2022<\/a><\/p>\n<\/blockquote>\n<p>Dorsey also <a href=\"https:\/\/twitter.com\/jack\/status\/1515536972995088385\">said<\/a>\u00a0\u201cbig facts\u201d in response to the following statement from venture capitalist Fred Destin: \u201cWhat I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don\u2019t create good companies, but a bad board will kill a company every time.\u201d<\/p>\n<p>When later asked if he was allowed to speak like this publicly given the fact that he is still on the company\u2019s board, Dorsey responded, \u201cNo.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">no<\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1515559905499009025?ref_src=twsrc%5Etfw\">April 17, 2022<\/a><\/p>\n<\/blockquote>\n<p>Twitter has <a href=\"https:\/\/www.dailywire.com\/news\/twitters-poison-pill-plan-to-block-elon-musk-from-buying-the-company-may-not-be-enough-to-stop-him\">attempted<\/a> to stop Musk from taking over the company by adopting a so-called \u201cpoison pill\u201d that effectively allows all shareholders, except those trying to buy out the company, to purchase newly offered shares at a discounted price.<\/p>\n<p>Musk would have to purchase the new shares at a higher price, which could end up being too much for him to afford, if he wanted to take over the company. Despite throwing a massive roadblock in Musk\u2019s way, the adoption of the poison pill would not bar Musk from being able to buy the company, it would only make it harder.<\/p>\n<p>\u201cA poison pill is a way to stave off someone until you can get a higher price. It makes it outrageously expensive for the person to buy it,\u201d said Charles Elson, the founding director of the University of Delaware\u2019s Weinberg Center for Corporate Governance. \u201cIt\u2019s a doomsday machine, it\u2019s the atomic bomb, everyone gets wiped out \u2014 that\u2019s the key.\u201d<\/p>\n<p>Musk <a href=\"https:\/\/www.dailywire.com\/news\/musk-reveals-during-ted-talk-that-there-is-a-plan-b-if-twitter-rejects-his-offer-to-buy-the-company\">revealed<\/a> during a TED Talk last week that he had a plan in place if Twitter blocked his attempt to buy the company.<\/p>\n<p>\u201cIf in this case you are not successful in that the board does not accept your offer, you\u2019ve said you won\u2019t go higher, is there a plan B?\u201d Musk was asked.<\/p>\n<p>\u201cThere is,\u201d Musk responded while smiling.<\/p>\n<p>When asked what his backup plan is, Musk said he would discuss that at another time.<\/p>\n<p><strong><em>Related:<\/em><\/strong><\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Twitter CEO and co-founder Jack Dorsey slammed the company\u2019s board of directors in a tweet over the weekend which comes as entrepreneur Elon Musk, the world\u2019s richest man, offered<\/p>\n","protected":false},"author":102,"featured_media":1443850,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1442873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1442873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1442873"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1442873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1443850"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1442873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1442873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1442873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}