Elon Musk
Jack Dorsey is not only the co-founder, but also Twitter’s longest-serving CEO, although he’s now ganging up with Tesla billionaire Elon Musk to fight their common enemy Twitter board, but Jack is on his way. Why is he fighting where he is a member?
How Elon Musk and Dorsey get along so well and their battle with the end of the board join me in this video as we explore Elon and Jack’s partnership in Twitter that changes everything for the board.
Elon Musk and Dorsey appreciate each other a lot and they don’t shy away from it by showing that two billionaires are not just friends, you can call them friends, they have many things in common so their close relationship is two people many Have come to each other’s defense on occasions when they were attacked.
Before we look at how they gangraped to destroy the Twitter board let’s take a look at some of the things that bring them together. One thing that Elon and Jack have in common is that both men have crypto. Like most of his discussions and posts on Twitter are about digital currencies.
The two men are not just crypto evangelists on the social media platform, but are serious investors in bitcoin, the leading digital currency on behalf of Musk, his auto company Tesla owns 432,000 bitcoins worth a billion. Dollar Jack has invested 8027 bitcoins through his fintech company Block.
Who is valued at $3 million and formerly known as Square Musk, loved bitcoin so much that he even at one point allowed Tesla products to later be purchased via bitcoin. But he canceled the move because bitcoin is 1.
Mining is done using fossil fuels which goes against Elon’s belief of sustainable energy production and consumption, although the Tesla founder has promised to start using bitcoin as soon as sustainable energy is used in mining the digital currency.
Part Jack says digital currencies will soon replace the dollar It is so true that US President Joe Biden signed an executive order in early March. The government needs to assess the risks and benefits of creating a central bank digital dollar, the idea of digital currencies being adopted not only in the US but in many countries around the world.
Where their respective central banks have started working on their digital. One thing you’ll admire in both Elon and Jack is their love for technology and innovation, two tech gurus who can be credited with starting tech companies that have revolutionized the world in their own way.
Along with Coffinity to create an online money transfer platform known as PayPal Musk is also the founder of eWay maker Tesla, which has made a name for itself in the auto industry, making it the first carmaker to reach a market cap of $1 trillion.
Elon is also the founder of SpaceX who has contributed significantly to the advancement of space and rocket technology Jack Dorsey is also a technical genius in his own right. Re other partners Jack successfully started Twitter which is now a huge social media platform that connects many people across the world.
Jack is also the founder of Block, an American financial services and digital payments company based in San Francisco, California. Elon and Jack’s friendship has been a tried-and-true in the past. They’ve always been there for each other. The Tesla CEO came to the rescue of his Twitter counterpart in 2016, after Jack was stripped of the CEO role from his Elliot management. was on the verge of.
acquired a nearly five percent stake in Twitter, pushing for Jax’s removal because Twitter’s CEO cited his lack of commitment to become known as Block at such difficult moments for Jack. He was also the CEO of another company, his friend Elon showed him public support through one.
Tweet that reads, just want to say I support Jack as Twitter CEO, six years after Elon Musk backed Jack he has a good heart, it’s time for Jack to support his fry and Elon And make no mistake about whether Dorsey gang-raped Elon Musk against the Twitter board, the Tesla billionaire started having problems with the Twitter board.
When it began to frustrate its plans to take Twitter private on April 14, the Tesla CEO made an offer to buy a 100 stake in Twitter at 54.20 per share, the equivalent of $43 billion the day after its offer by Elon Musk. The Twitter board called an urgent meeting.
Where he adopted a poison pill plan against the tech billionaire, the plan is to scuttle Elon is a bit behind the board, citing plans to take Elon Musk private on Twitter.
They are failing in their role of protecting shareholders, as seen in a tweet which states that if the current Twitter Board takes action contrary to shareholder interest, they will be in breach of their fiduciary duty, for which The liability they assume will largely be Tesla’s founders.
The board and shareholders’ economic interests do not align, so true that all 10 other board members have a combined investment stake of 0.12 in Twitter, given the level of their investment in the global communications site for Jack Dorsey. Much smaller than Jack Dorsey’s stake or 9.2 percent stake in the microblogging platform.
It’s even more shocking that a board member who doesn’t have a single stake in the company threw musk at the board when he replied to a tweet. Read Elon’s response, which listed each Twitter board member’s individual stake. Wow, with Jack’s departure the Twitter board collectively owns all. Most no-shares do not objectively align their economic interests with those of shareholders.
The Tesla billionaire has also promised to slash board salaries as soon as his Twitter takeover is successful, with the tech icon believing that the salaries and hefty perks that are given to the board unjustifiably have made the tech icon a Shared his plan to do away with his salary in a tweet.
Which reads that if my bid is successful the board’s salary will be zero dollars, so if there is someone who stands by Elon, three million dollars are saved annually. Twitter fights the board It’s former Twitter CEO Jack Dorsey and currently the board members of the social media platform couldn’t hide their excitement.
When Elon Musk was appointed to the Twitter board, at least Jack was happy now because he was finding a friend who could help him push through multiple agendas on the board. Dorsey called Musk on the board via a tweet. Welcomed the appointment which read that I am really pleased that Elon is joining the Twitter board.
I care deeply about our world and Twitter’s role in it, Perrog and Elon both lead with their hearts and they will be an incredible team, there is no doubt that Jack Dorsey is not one happy person on Twitter, He resigned as CEO at the end of last year.
The path to Perag Agarwal, who served as Twitter’s chief technical officer before being appointed to the top office, can also be read from Jack’s decision to leave the Twitter board in May, but Jack did not leave that company. He is using every opportunity to fight back on the board, which he considers useless.
Good thing he’s not fighting alone, he has the backing of the richest man on the planet who is determined to do everything possible to save Twitter out of hand. After rejecting Musk’s $43 billion proposal, the board has increased the proposal by $3.5 billion, bringing the new amount to $46.5 billion if that amount is not accepted.
Elon Musk could add that, given that he has a lot of assets in his own companies like Tesla and SpaceX Musk and Dorsey, shareholders still have the option of making a vote decision, as they hold a significant stake in the company.
Elon is sure Twitter shareholders will accept his share offer of 54.20 per share, which he considers to be the best price, but what if the push comes with a social media platform to push Elon Musk and Jack Does matter.