Character Limit: How Elon Musk Destroyed Twitter

by Kate Conger

But Dorsey didn’t need to sell off his shares if he didn’t want to. Musk gave him the option to roll his shares into his new ownership, allowing him to remain involved with the company long after the rest of the directors were gone. Had Dorsey talked to Musk about sticking with Twitter? the board wanted to know. Dorsey swore he had no plans to roll his stake over to Musk. No one was sure they could believe him. Dorsey, always a cipher, had become even harder to read after he had resigned as chief executive five months earlier. Even the Twitter executives in the meeting—Agrawal, Gadde, and Segal—who had spent years working alongside Dorsey, had fallen out of touch with him. But Dorsey’s potential involvement in a new Twitter wouldn’t change the price that Musk paid. Several board members were livid with him and considered him a snake. After years of backing his leadership, they thought he had bad-mouthed them and gone behind their backs.