Former Twitter CEO and co-founder Jack Dorsey attacked the company's board of directors in a post over the weekend, just days after billionaire Elon Musk offered $43 billion to acquire the business entirely.
Dorsey was responding to the following tweet when he made his remark, “If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if it could be made into a Hollywood thriller one day.”
Dorsey responded, “It’s consistently been the dysfunction of the company.”
"What 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't create good companies, but a bad board will kill a company every time," Dorsey said in response to venture capitalist Fred Destin.
When questioned subsequently if he was permitted to talk openly like this because he is still on the board of directors, Dorsey replied, "No."
This 'dysfunction' has been on display this week as Twitter has adopted a so-called "poison pill" that basically allows all shareholders, except those attempting to buy out the company, to buy newly offered shares at a reduced price - all in an attempt to prevent a highly profitable deal with Musk.
Now if Musk wants to take over the company, he would have to buy the new shares at a higher price, which he might not be able to afford. Despite creating a significant obstacle in Musk's path, the poison pill would not prevent Musk from purchasing the company; rather, it would make it more difficult.
Is Everyone At Twitter So...Creepy?
There's something deeply alarming that the small group of people within Twitter who implemented and now enforce the authoritarian repressive censorship that has plagued the site, have now come into the open and confessed to us all - this business isn't about making a profit.
The core beliefs of Twitter leaders became clear and undeniable when they turned down an offer well above the company's value, because the buyer's belief in free speech would somehow ruin what they worked so hard to built.
With the discovery that profits are not the company's primary goal, we're faced with the alarming truth - Twitter's purpose is the censorship itself.
As disturbing this is to accept, we're left with the only option being that Twitter exists to censor Americans, and the company's financial value is irrelevant when authority over millions of people is priceless.
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| Twitter CEO Parag Agrawal |
The question now: is the board made up of a majority of mentally disturbed people like new CEO Parag Agrawal? Who immigrated to America as an adult and has since expressed his opinion that rights given to US citizens do not need to be respected on his platform, stating that he's not concerned with Twitter deciding who gets to speak, that doesn't matter when they decide whos speech gets seen.
In other words, opposing opinions are neutralized by Twitter algorithms and human moderation, assuring users never see opinions differing from what Twitter's leadership deems 'the correct opinion'.
Which we must mention, has been a massive disaster as Twitter repeatedly became the world's main disinformation source, ironically by mislabeling true stories disinformation, usually suspending those who told the truth in the process.
Hearing people within Twitter speak with such confidence and conviction about what they're doing while repeatedly failing and becoming what they claim to be fighting, would be funny if it weren't so terrifying.
Musk's Backup Plan?
“If in this case you are not successful in that the board does not accept your offer, you’ve said you won’t go higher, is there a plan B?” Musk was questioned.
"There is" Musk replied, a smile on his face.
But for now, he's not giving any details on what that may be.
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Author: Don Kennedy
New York Newsroom
