Sorry, Elon, but Jack Dorsey is still Twitter\u2019s main character - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/24\/sorry-elon-but-jack-dorsey-is-still-twitters-main-character\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sorry, Elon, but Jack Dorsey is still Twitter\u2019s main character - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Listen, I\u2019m sure there will be a lot of sturm und drang about what the whistleblower disclosures mean for Elon Musk\u2019s Twitter deal, but I want to focus on something dumber and pettier: Jack Dorsey. 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\n

Listen, I\u2019m sure there will be a lot of sturm und drang about what the whistleblower disclosures<\/a> mean for Elon Musk\u2019s Twitter deal<\/a>, but I want to focus on something dumber and pettier: Jack Dorsey.<\/p>\n
Twitter had serious vulnerabilities that Russian and Chinese governments might try to take advantage of<\/a>, according to the whistleblower complaint from Peiter \u201cMudge\u201d Zatko, the former Twitter security chief. (Zatko refers to himself as \u201cMudge\u201d in the complaint, but I will be calling him Zatko because that\u2019s his government name.) Zatko also alleges that Twitter had no incentive to count bots correctly. I can\u2019t help but notice, though, that all of these allegations suggest that Dorsey was an incompetent leader.<\/p>\n
\nThe first time Dorsey was CEO, he was fired in 2008<\/q><\/aside>\n<\/div>\nMost of the stuff Zatko is complaining about took place while Dorsey was in his second term as CEO of Twitter. The first time Dorsey was CEO, he was fired in 2008<\/a>. This is likely because Dorsey was a lousy manager, according to Nick Bilton\u2019s Hatching Twitter<\/em><\/a>. Dorsey liked taking credit, hated criticism, loved to party, and made some weird, expensive texting deals that cost Twitter six figures a month<\/em><\/a>.<\/em> Plus he was often uncommunicative with investors.<\/p>\n
Personally, I would not hire this guy back for a second round, but Twitter was desperate in 2015. And so it was Dorsey, in his second run as CEO, who personally recruited Zatko. However, according to Zatko\u2019s complaint, Dorsey was a \u201cdisengaged CEO\u201d who did not speak a single word in some meetings. Zatko even heard from colleagues that Dorsey\u2019s silences could extend for \u201cdays or weeks\u201d and that the senior team was worried for his health, while \u201ceven mid- and lower-level staff could tell the ship was rudderless.\u201d Whew!<\/p>\n
If we take the complaint seriously, a lot of the problems seem to stem from what it describes as Dorsey\u2019s \u201cabsent behavior.\u201d Apparently, Zatko got \u201clittle to no support for his task of fundamentally changing the risky behaviors of 8,000 employees.\u201d<\/p>\n
Now, there were<\/em> people saying that Dorsey was unfit to be CEO of Twitter, most prominently the terrifying Elliott Management, which argued Dorsey wasn\u2019t paying enough attention to Twitter<\/a> (as he was also<\/em> the CEO of payments company Square, which later renamed itself to Block) and that he\u2019d sucked at retaining senior staff. Ultimately, Dorsey stepped down and was replaced by Parag Agrawal as CEO, Elliott\u2019s preferred choice. This is noted in the document and then followed by an extensive redaction, about which I am deeply<\/em> curious.<\/p>\n
\nIsn\u2019t this the sort of thing that Jack Dorsey<\/em> should have noticed from his own handpicked security chief?<\/q><\/aside>\n<\/div>\nAgrawal fired Zatko, as well as other senior Dorsey people<\/a>, including Kayvon Beykpour, the former head of product, and revenue product lead Bruce Falck. This is not especially<\/em> unusual for a CEO changeover. Often the new one wants to replace the old CEO\u2019s team with their own. In Zatko\u2019s case, however, Twitter\u2019s spokesperson Rebecca Hahn attributed the firing to \u201cpoor performance and leadership,\u201d according to The Washington Post<\/em>. She also says Zatko\u2019s whistleblower complaint is \u201criddled with inaccuracies\u201d and that the point of it is to \u201copportunistically\u2026 inflict harm on Twitter, its customers and its shareholders.\u201d<\/p>\n
Well, okay, Twitter would<\/em> say that. It doesn\u2019t necessarily make Zatko wrong, though! Still, in Agrawal\u2019s response to the story<\/a>, emailed to employees, he repeats the line, writing that Zatko was fired for \u201cineffective leadership and poor performance.\u201d Isn\u2019t this the sort of thing that Jack Dorsey<\/em> should have noticed from his own handpicked security chief?<\/p>\n
Agrawal also suggests there will be more stories coming but says, \u201cWe will pursue all paths to defend our integrity as a company and set the record straight.\u201d Sorry if this is just journalist brain but \u201cpursue all paths to defend our integrity\u201d sounds like \u201cwe might file a libel suit\u201d to me. I hope Twitter does! I can\u2019t wait to see what they come up with in discovery.<\/p>\n
Anyway, the other<\/em> thing I notice here is that Musk\u2019s legal team subpoenaed Dorsey yesterday<\/a>, including for communications and documents about the merger, or any<\/em> transaction between Musk and Twitter, including buying common stock. Musk\u2019s team also wants information on Musk joining the Twitter board and other Twitter communications. <\/p>\n
\nAnd Dorsey being Dorsey, he\u2019s not going to defend the company he ran or even admit fault<\/q><\/aside>\n<\/div>\nI wondered when Musk\u2019s bid was announced<\/a> whether Dorsey was involved behind the scenes; he was still on Twitter\u2019s board at the time. Dorsey and Musk are pals \u2014 which is part of what makes that subpoena weird to me. Couldn\u2019t Musk just like, ask? Doesn\u2019t Musk have his own records of many of these conversations?<\/p>\n
Well, yes, Musk could have asked, but Dorsey, historically, is known for his indecision and inability to make good calls in a timely fashion. This was the heart of Elliott Management\u2019s problems with him! It\u2019s part of why he got fired the first time! If I\u2019m Musk\u2019s lawyers, I figure Dorsey\u2019s interference is part of what caused this whole mess. And Dorsey being Dorsey \u2014 remember he loves being a cult leader and hates taking any blame whatsoever<\/a> \u2014 is not going to defend the company he ran or even admit fault.<\/p>\n
Anyway, if you needed more evidence of Dorsey\u2019s spectacularly poor judgment as a leader, he imitated Musk\u2019s vanity title at Tesla (\u201cTechnoking\u201d) with his own at Block (\u201cBlock Head\u201d). Our very favorite Block Head then tweeted that Musk was \u201cthe singular solution I trust\u201d<\/a> for Twitter\u2019s future. In July, Twitter would sue Musk for reneging on the deal<\/a>.<\/p>\n
So, yes, most people are going to focus on omg what does this mean for Twitter<\/em>. But I gotta say, if I were working at Block right now \u2014 where Dorsey is currently CEO \u2014 I wouldn\u2019t be feeling great! Dorsey\u2019s pet cause, Bitcoin<\/a>, is a revenue bonanza for the company, but it\u2019s not a profit<\/em> bonanza<\/a>. And in the last quarter, Bitcoin profit dropped 24 percent as consumer demand plunged<\/a>. Block\u2019s shares closed at $70.94 today \u2014 and are worth less than half as much as they were on January 3rd, the first trading day this year. <\/p>\n
Oh, and the Consumer Financial Protection Bureau says Dorsey is dawdling on an investigation<\/a>, which honestly? Sounds like Dorsey<\/em>. <\/p>\n<\/div>\n

<\/br><\/code><\/p>\n
Source: https:\/\/www.theverge.com\/2022\/8\/23\/23318799\/elon-musk-jack-dorsey-twitter-block-bitcoin-ceo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Source: Listen, I\u2019m sure there will be a lot of sturm und drang about what the whistleblower disclosures mean for Elon Musk\u2019s Twitter deal, but I want to focus on something dumber and pettier: Jack Dorsey. Twitter had serious vulnerabilities that Russian and Chinese governments might try to take advantage of, according to the whistleblower […]<\/p>\n","protected":false},"author":1,"featured_media":13032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,8],"tags":[16],"class_list":["post-13031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","category-technology","tag-policy"],"yoast_head":"\nSorry, Elon, but Jack Dorsey is still Twitter\u2019s main character - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/24\/sorry-elon-but-jack-dorsey-is-still-twitters-main-character\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sorry, Elon, but Jack Dorsey is still Twitter\u2019s main character - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Listen, I\u2019m sure there will be a lot of sturm und drang about what the whistleblower disclosures mean for Elon Musk\u2019s Twitter deal, but I want to focus on something dumber and pettier: Jack Dorsey. 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