Twitter co-founder and short-time board member Jack Dorsey called out the board of directors of his social media platform on Saturday, saying, “It was consistently the dysfunction of the company.”
“If [sic] look at the history of [the] Twitter Board, it’s fascinating as I witnessed its early beginnings, embroiled in conspiracies and coups, and particularly among the founding members of Twitter. I wish if [sic] it could become a Hollywood thriller one day,” one user tweeted.
“It was consistently the dysfunction of the company,” Dorsey replied.
“Can you say that?” Another user tweeted.
“No,” Dorsey replied.
Dorsey’s comments were in response to a Saturday tweet from venture capitalist Garry Tan, who wrote: “The wrong partner on your board can literally evaporate a billion dollars in value.
“It’s not the sole reason for every startup’s failure, but surprisingly often it’s the real story.”
Another user replied, “Good boards don’t create good companies, but a bad board will kill a company every time.”
“Big facts,” Dorsey replied.
Dorsey resigned as CEO of the company in November. According to a Twitter press release last year, he will remain on the board “until his term expires at the 2022 AGM.”
Dorsey’s criticism comes after Twitter management on Friday enacted a limited-term shareholder rights plan, also dubbed a “poison pill,” to stave off billionaire Elon Musk’s $43 million bid to buy the company, which is in the week earlier, Fortune previously reported.
Twitter’s shares are up about 15% since Musk’s 9.2% stake in the company was announced on April 4. Morgan Stanley is advising Musk, while Twitter has hired Goldman Sachs Group Inc. and JPMorgan Chase & Co., Bloomberg reports.
This story was originally featured on Fortune.com