My personal conspiracy theory of all this is as follows.
Some interesting events and their timelines:
One of the activist investors from Elliot Management who was on the board stepped down in April earlier this year. [0]
Separately, Twitter got some bad press earlier this year in August, mainly around Dantley Davis[1]. Dantley Davis is also leaving as per [0] but back in August/September Jack, in the face of the bad press around Twitter and Dantley specifically, stood up and backed Davis.
My theory is that the board was trying to replace Dorsey earlier this year, and struck an agreement for him to do so by end of year or early in 2022. Part of that deal included the activist investor from Elliot Management to first step down.
In August once the NYTimes story broke about Dantley, the board sought to accelerate the plan.
Now we see Dorsey and Dantley leaving - along several other executives.
I'm convinced there was a big fight for control over twitter at the board level and that it was a fight that Dorsey lost first in April, and again in August. I'm sure there were several other issues not publicly reported that pushed the board in this direction (poor company performance, outlook, management etc).
Some interesting events and their timelines:
One of the activist investors from Elliot Management who was on the board stepped down in April earlier this year. [0]
Separately, Twitter got some bad press earlier this year in August, mainly around Dantley Davis[1]. Dantley Davis is also leaving as per [0] but back in August/September Jack, in the face of the bad press around Twitter and Dantley specifically, stood up and backed Davis.
My theory is that the board was trying to replace Dorsey earlier this year, and struck an agreement for him to do so by end of year or early in 2022. Part of that deal included the activist investor from Elliot Management to first step down.
In August once the NYTimes story broke about Dantley, the board sought to accelerate the plan.
Now we see Dorsey and Dantley leaving - along several other executives.
I'm convinced there was a big fight for control over twitter at the board level and that it was a fight that Dorsey lost first in April, and again in August. I'm sure there were several other issues not publicly reported that pushed the board in this direction (poor company performance, outlook, management etc).
[0] https://www.vanityfair.com/news/2021/11/twitter-did-jack-dor...
[1] https://www.nytimes.com/2021/08/16/technology/twitter-cultur...