Twitter co-founder Jack Dorsey is stepping down from the social media platform’s board of administrators efficient Wednesday — simply weeks after enjoying a key function within the firm’s sale to Elon Musk.
The departure, first reported by Axios, means all of Twitter’s founders have now severed official ties with the corporate. Twitter had introduced in November that Dorsey could be leaving the board when his time period expired on the 2022 assembly of stockholders.
On April 25, Twitter’s board unanimously accredited the sale of the corporate to Musk, Tesla’s CEO, for $44 billion. Dorsey appeared to personally endorse the transfer, tweeting that he believed Musk might take the corporate in a sound path.
Dorsey — who twice served as Twitter CEO, most lately till 2021 — can be the CEO of funds firm Block, previously referred to as Square.
Dorsey has most lately garnered headlines for his ardent assist of Bitcoin, and up to date tweets recommend that he’ll proceed to assist the cryptocurrency.
