In an expected move, Twitter co-founder Jack Dorsey is leaving the company's board of directors, effective Wednesday. He made his resignation as a director formal at the company's annual shareholder meeting, where he did not stand for reelection, but had set his departure from the board in motion last fall when he stepped down as Twitter CEO.
In November, he handed the CEO reins to Parag Agrawal, and said he would also leave the board when his term expired at the next annual meeting of shareholders.
He left Twitter in part to focus on his work at fintech company Block, originally Square, where he serves as "Block Head." At Block, Dorsey has refocused the company’s efforts on cryptocurrencies.
Dorsey is a fan of Twitter's prospective buyer, Elon Musk, and though Twitter acknowledged in a recent regulatory filing that Musk had approached him about remaining at the company in some capacity, including staying on the board, Dorsey tweeted that he'd "never be [Twitter] CEO again."
In leaving Twitter, he said founders shouldn’t lead their own companies indefinitely, and often become a “single point of failure” for tech firms, according to Axios.
“I want you all to know that this was my decision and I own it. It was a tough one for me, of course.... There aren’t many companies that get to this level,” Dorsey said in an internal memo to staff when he left as CEO. “And there aren’t many founders that choose their company over their own ego.”
Dorsey founded Twitter with Noah Glass, Biz Stone and Ev Williams in 2006.
Climate TRACE's data show emissions at the facility-level.Image: Climate TRACE