“If [sic] look at its history [the] Twitter’s board is fascinating as I witnessed its early beginnings, plunged into conspiracies and coups, and especially among the founding members of Twitter. I wish if [sic] “It could turn into a Hollywood thriller one day,” one Twitter user wrote. “The company is constantly failing,” Dorsey replied. “Are you allowed to say that?” another user tweeted. “No,” Dorsey replied. Dorsey’s comments were in response to a Saturday tweet from venture capitalist Garry Tan, who posted: “The wrong partner on your board could literally make a billion dollars worth of evaporation. “It’s not the only reason behind every startup failure, but the true story is an astonishing percentage of cases.” Another user replied: “Good advice does not create good companies, but a bad advice will kill one company at a time.” “Great events,” Dorsey replied. Dorsey resigned as CEO of the company in November. He will remain on the board “until the end of his term at the 2022 shareholders’ meeting,” according to a Twitter news release from last year. Dorsey’s criticism comes after Twitter’s management on Friday approved a plan for the rights of limited shareholders, also called a “poison pill”, in case it wants to reject billionaire’s $ 43 million bid to buy Elon Musk company, which took place last week, previously reported Fortune. . Shares of Twitter have risen about 15% since Musk’s 9.2% stake in the company was announced on April 4. Morgan Stanley advises Musk, while Twitter has hired Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to Bloomberg. This story was originally featured on Fortune.com
