Jack Dorsey, co-founder of Twitter, has left the board of directors of the company. Last November he resigned from the position of CEO.
The decision comes in the middle of the negotiations for the acquisition of the social network by Elon Musk, who suffered commented on Dorsey’s decision: “I’m a fan of Jack. I wish he would stay on the board, but I understand he has to move on,” he tweeted. The stock of the social network yesterday closed, gaining 7% on Wall Street.
Why Musk stops (for now) on Twitter
by Riccardo Luna
13 Maggio 2022
The Twitter investor accuses aMusk
Meanwhile, yesterday Elon Musk was sued by some Twitter investors for the delay with which he communicated his stake in the social media company to the Sec, the US Consob. The complaint was filed with a California federal court.
Investors claim that Musk has saved 156 million dollars by not disclosing that they bought more than 5% of Twitter by March 14.
Elon Musk has a problem. And it’s not Twitter
by Riccardo Luna
19 Maggio 2022
Furthermore, Musk the founder of Tesla continued to buy shares afterwards and finally, only in the beginning of April, he made it known that he owned 9.2% of the company. “By delaying disclosure of his stake in Twitter, Musk manipulated the market and bought Twitter stock at an artificially low price,” the investors said. At the moment neither Musk nor