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Tesla CEO Elon Musk and the Twitter board of directors have been in a frenzy. This comes after Elon Musk made a $43 billion bid to buy Twitter.

Previously, a Twitter investor sued Elon Musk for failing to disclose his stake.

Musk was required to file a Schedule 13 with the SEC due to his position as a 5% owner of Twitter (Securities and Exchange Commission).

When Twitter Co-Founder Jack Dorsey, who left Twitter in November of last year, reacted to a tweet about the Twitter Board, the tides turned.

Dorsey said, referring to the board, "it’s consistently been the dysfunction of the company."

The former Twitter CEO also agreed with venture capitalist Gary Tan, who stated that a badly run board "can literally make a billion dollars in value disappear."

When another Twitter user asked Dorsey if he could speak publicly about the board, he responded, "No."

In this light, Dorsey agreed with a quote from venture capitalist Fred Destin, who noted that “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.” Destin’s tweet seem to also highlight how the Twitter board is blocking Musk from acquiring the micro-blogging platform, Dorsey replied thus; “big facts.”

Meanwhile, Musk has said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for $43 billion.

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