Twitter cofounder Jack Dorsey has exited the social media company’s board of directors.
The planned departure comes as Tesla and SpaceX founder and CEO Elon Musk continues his attempt to purchase the company. The company initially announced last November that Dorsey would leave the board when his term expired at the company’s 2022 shareholder meeting, which took place Wednesday.
Twitter CEO Jack Dorsey stepped down Monday, only to be replaced by a new chief who immediately found himself in hot water for, of all things, an inflammatory tweet.
“‘If they are not gonna make a distinction between muslims and extremists, then why should I distinguish between white people and racists,'” Twitter’s new CEO Parag Agrawal said in 2010 tweet.
Twitter CEO Jack Dorsey stirred up more fears around inflation with his comments over the weekend saying that hyperinflation is “happening.”
“Hyperinflation is going to change everything,” the tech leader posted on Twitter. “It’s happening.”
The post sparked a flurry of responses. Replying to comments on his post, Dorsey added, “It will happen in the US soon, and so the world.”
Hyperinflation is defined by Investopedia as “rapid, excessive, and out-of-control general price increases in an economy.”
The founder of CloutHub, a free speech social media network, has responded to former President Donald J. Trump’s class action lawsuit against several Silicon Valley titans, which the forty-fifth president announced Wednesday.
“I am pleased that President Trump is fighting back against Big Tech corporations after enduring months of blatant injustices,” Jeff Brain said in press release. “His lawsuit is based on the infringement of his fundamental free speech rights that powerful companies such as Facebook and Twitter imposed based on their own political bias; a bias that has no place with such important keepers of our national public square online.”
The term “Uncle Tim,” a play on the racist term “Uncle Tom” often used to deride African Americans perceived as working against their own racial interests, trended on Twitter Wednesday night after Sen. Tim Scott (R-SC) gave his rebuttal to President Joe Biden’s joint address to Congress.
Country music star John Rich of “Big and Rich” blasted the microblogging site’s CEO Jack Dorsey over the trend: