Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology in New Delhi, India, on Nov 12, 2018.Twitter Inc co-founder Jack Dorsey took aim at the social media company's board in a series of tweets late on Monday as it weighs Elon Musk's $43 billion takeover offer.
In response a tweet on Monday asking him why he did not "do anything about it" when he was the CEO of Twitter, Dorsey expressed frustration at his limited ability to speak freely.Dorsey's tweets come after two weeks of upheaval at the social media company that started with Musk disclosing a 9.2 per cent stake and then making a buyout offer. On Friday, the board adopted a "poison pill" to limit Musk's ability to raise his stake in the company.
Tesla Inc. CEO Musk has been vocal in his criticism of Twitter's strategies and its board. He tweeted on Monday that the salary of Twitter's board members would be $0 if his bid succeeds, resulting in $3 million being saved every year.
Source: News Formal (newsformal.com)
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