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Jack Dorsey exits Twitter’s board of directors

Jack Dorsey

Co-founder and former CEO of Twitter, Jack Dorsey, on Wednesday, exited the Board of Directors of the social media platform.

This is coming weeks after he reportedly played a key role in the company’s sale to Elon Musk.

According to NBC News, the departure was planned. Twitter initially announced in November that Dorsey would exit the board when his term expired at the company’s 2022 shareholders’ meeting. The meeting took place Wednesday.

Dorsey currently heads payments company Block, formerly known as Square.

This means all of Twitter’s founders have now severed official ties with the company.

On April 25, Twitter’s board unanimously approved the sale of the company to Musk, Tesla’s CEO, for $44 billion. Dorsey seemed to personally endorse the move, tweeting that he believed Musk could take the company in a sound direction.

Dorsey — who twice served as Twitter CEO, most recently until 2021 — is also the CEO of payments company Block, formerly known as Square.

Dorsey has most recently garnered headlines for his ardent support of Bitcoin, and recent tweets suggest that he will continue to support the cryptocurrency.

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