Jack Dorsey says he won’t ever be CEO of Twitter again even after Elon Musk completes his purchase of the social media platform for $44bn.
The entrepreneur took to Twitter on Wednesday to say “nah I’ll never be CEO again” when someone predicted that he may very well be tempted back by Mr Musk.
The Tesla boss is about to take ownership of ther San Francisco-based company later this 12 months after its board accepted his $54.20 per share money offer for it last month.
When another person asked who ought to be CEO of the corporate, Mr Dorsey added “nobody ultimately.”
Mr Dorsey co-founded Twitter in 2006, together with Noah Glass, Biz Stone and Evan Williams. He was CEO of the corporate until 2008 when he was forced out of the job.
He returned to the highest job in 2015 but stood down last 12 months to get replaced by chief technology officer Parag Agrawal. Mr Dorsey still owns 2.4 per cent of Twitter, which if the Musk deal goes through could be price around $978bn.
But he tweeted that he has no plans on returning, saying “it’s time to roll the dice again.”
Mr Musk insists he’s buying Twitter to guard free speech and said earlier this week that the corporate’s ban on Donald Trump within the wake of the US Capitol attack was a mistake, one he’ll reverse.
Twitter’s shareholders still must approve the acquisition, and federal anti-trust regulators are likely to try the deal due to its size, but are unlikely to sue to dam it, former officials told The Recent York Times.
Twitter and Mr Musk can have to submit the deal for review by the Justice Department and Federal Trade Commission, but the federal government often only gets involved when one company buys a competitor, which is just not the case here.