Twitter co-founder Jack Dorsey will be questioned under oath in the social media company's lawsuit against his longtime friend Elon Musk
Jack Dorsey's biggest regret is that Twitter, which he co-founded, has become a company
Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to a court document. Twitter and Musk are headed for an October 17 trial in Delaware that should determine whether or not Twitter can force the billionaire to go through with the acquisition. Twitter has subpoenaed a host of tech investors and entrepreneurs connected to Musk, including prominent venture capitalist Marc Andreessen and David Sacks, the founding chief operating officer of PayPal. Musk has claimed that Twitter failed to provide adequate information about the number of fake, or spam bot, Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees. Musk's team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over ...
'Your lawyers are using these conversations to cause trouble. That needs to stop,' Musk's text reportedly read
On Monday, Musk took a jab at Twitter's stance, tweeting that the legal battle would lead to the company disclosing information on bots and spam accounts in court
The internet has come a long way. The upcoming web 3.0 boasts of decentralisation as its bedrock. And now, former Twitter CEO Jack Dorsey has announced Web 5.0. Let us find out more about it
Twitter co-founder and Block CEO Jack Dorsey on Friday partnered with artist Shawn Carter, popularly known as Jay-Z, to launch The Bitcoin Academy -- an educational initiative in New York
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Dorsey, who is now running financial payments platform Block (earlier Square), said that no one should be the CEO of Twitter
Experts say Musk can't unilaterally place the deal on hold, although that hasn't stopped him from acting as though he can
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Jack Dorsey, who currently heads payments firm Block Inc, owns a 2.4% stake in Twitter, according to Refinitiv
"I think it was a morally bad decision to be clear and foolish in the extreme," Jack Dorsey said at a Future of the Car event hosted by the Financial Times
It is important to me that we get critical feedback in all of its forms, but also important that we get the space and time to address it. All of that should be done publicly: Jack Dorsey
Musk, who on April 25, 2022, sealed a deal to buy Twitter for $44 billion, criticised board members for owning almost no shares of the company they oversee.
Dorsey, who took the company public in 2013, said Twitter has been "owned" by Wall Street and that taking it private was the "correct" first step.
Dorsey, who left Twitter in November last year -- handing over the baton to Indian-origin Parag Agrawal -- remains a board member until next month with his 2.2% share
Musk was responding to a tweet about board members' stock holdings, saying that with the departure of Jack Dorsey, the board "collectively owns almost no shares."
Meta's crypto-currencies, internally dubbed 'Zuck Bucks', are intended for the metaverse and may not be based on blockchain, the FT report said, citing sources
In a tweet, Dorsey who now focuses on Blockchain and cryptocurrencies via his financial services company Block (earlier Square), lamented over the current state of the Internet.