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What's going on? First Dorsey steps down, then massive new rule/policy changes are unilaterally applied and cause chaos, now a reorganization? Anybody who work

What's going on? First Dorsey steps down, then massive new rule/policy changes are unilaterally applied and cause chaos, now a reorganization? Anybody who works at Twitter around to comment on what the heck is happening?

viro 5y ago
what was the new rule/policy change? I must have missed it.
- paraxisi 5y ago
  https://blog.twitter.com/en_us/topics/company/2021/private-information-policy-update https://blog.twitter.com/en_us/topics/company/2021/private-i...
  - viro 5y ago
    Thanks.
ksec 5y ago
Jack Dorsey Out At Twitter: Did He Quit Or Was He Fired? https://www.vanityfair.com/news/2021/11/twitter-did-jack-dorsey-quit-or-was-he-fired https://www.vanityfair.com/news/2021/11/twitter-did-jack-dor...
- ivraatiems 5y ago
  An interesting read - thank you!
throwaway689452 5y ago
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). [0] https://www.vanityfair.com/news/2021/11/twitter-did-jack-dorsey-quit-or-was-he-fired https://www.vanityfair.com/news/2021/11/twitter-did-jack-dor... [1] https://www.nytimes.com/2021/08/16/technology/twitter-culture-change-conflict.html https://www.nytimes.com/2021/08/16/technology/twitter-cultur...
ragnot 5y ago
It is pretty standard to have a new CEO change up the previous lieutenants. Helps cut down on people who are still entrenched to the "old" ways. If the new people are actually better or not isn't really relevant. Loyalty is the only thing that matters at that level.
- taurath 5y ago
  Still less than a week after the previous CEO steps down, especially unexpectedly, is incredibly fast.
  - aliswe 5y ago
    sometimes a CEO is elected/employed only to execute these kinds of changes ...
    - ksec 5y ago
      And for good reason. The new incoming CEO would have little to no relationship with any employees. Right now the CEO, quote > Two executives, head of engineering Michael Montano and Dantley Davis, will step down as part of the reshuffling. Reads to me more like power play.
  - meepmorp 5y ago
    The guy was CTO, so it's not like he doesn't know the people involved. Is it surprising that he may've already had a plan in mind?
- underwater 5y ago
  I once had a leader come in and commit to not making radical changes, that he was going to listen and learn and then make adjustments accordingly. That was so refreshing and I really respected him as a result. It feels like more often than not execs who come in and immediately change things are just pattern matching approaches they've seen previously without actually understanding what they're trying to change. A classic example is Marissa Mayer's attempts to Googlify Yahoo. You can't change a business model or a culture by doing a reorg. It's literally cargo cult behaviour.
felistoria 5y ago
Why do I get the feeling these new policies will not be enforced evenly...
tata71 5y ago
Cryptocurrency web3/Web 3.0
- tata71 5y ago
  Also, no joke: watch Mr. Robot.
deleted 5y ago
[deleted]
thunkshift1 5y ago
Relax, this is looks like a standard new boss shake up
deleted 5y ago
[deleted]
Goety 5y ago
Hostile political forces are present.
akomtu 5y ago
Parag may as well be the fall guy, i.e. Dorsey knew something bad is coming and wisely excused himself.
- hermanradtke 5y ago
  I think Dorsey left because there is no web3 angle to Twitter. Instead, he renamed Square to Block and focuses all his energy there.
  - kbos87 5y ago
    Come on. There is still plenty of potential for Twitter regardless of whether or not it has a “web 3 angle”.

viro 5y ago

what was the new rule/policy change? I must have missed it.

paraxisi 5y ago
https://blog.twitter.com/en_us/topics/company/2021/private-information-policy-update https://blog.twitter.com/en_us/topics/company/2021/private-i...
- viro 5y ago
  Thanks.

ksec 5y ago

Jack Dorsey Out At Twitter: Did He Quit Or Was He Fired? https://www.vanityfair.com/news/2021/11/twitter-did-jack-dorsey-quit-or-was-he-fired https://www.vanityfair.com/news/2021/11/twitter-did-jack-dor...

ivraatiems 5y ago
An interesting read - thank you!

throwaway689452 5y ago

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). [0] https://www.vanityfair.com/news/2021/11/twitter-did-jack-dorsey-quit-or-was-he-fired https://www.vanityfair.com/news/2021/11/twitter-did-jack-dor... [1] https://www.nytimes.com/2021/08/16/technology/twitter-culture-change-conflict.html https://www.nytimes.com/2021/08/16/technology/twitter-cultur...

ragnot 5y ago

It is pretty standard to have a new CEO change up the previous lieutenants. Helps cut down on people who are still entrenched to the "old" ways. If the new people are actually better or not isn't really relevant. Loyalty is the only thing that matters at that level.

taurath 5y ago
Still less than a week after the previous CEO steps down, especially unexpectedly, is incredibly fast.
- aliswe 5y ago
  sometimes a CEO is elected/employed only to execute these kinds of changes ...
  - ksec 5y ago
    And for good reason. The new incoming CEO would have little to no relationship with any employees. Right now the CEO, quote > Two executives, head of engineering Michael Montano and Dantley Davis, will step down as part of the reshuffling. Reads to me more like power play.
- meepmorp 5y ago
  The guy was CTO, so it's not like he doesn't know the people involved. Is it surprising that he may've already had a plan in mind?
underwater 5y ago
I once had a leader come in and commit to not making radical changes, that he was going to listen and learn and then make adjustments accordingly. That was so refreshing and I really respected him as a result. It feels like more often than not execs who come in and immediately change things are just pattern matching approaches they've seen previously without actually understanding what they're trying to change. A classic example is Marissa Mayer's attempts to Googlify Yahoo. You can't change a business model or a culture by doing a reorg. It's literally cargo cult behaviour.

felistoria 5y ago

Why do I get the feeling these new policies will not be enforced evenly...

tata71 5y ago

Cryptocurrency web3/Web 3.0

tata71 5y ago
Also, no joke: watch Mr. Robot.

deleted 5y ago

[deleted]

thunkshift1 5y ago

Relax, this is looks like a standard new boss shake up

deleted 5y ago

[deleted]

Goety 5y ago

Hostile political forces are present.

akomtu 5y ago

Parag may as well be the fall guy, i.e. Dorsey knew something bad is coming and wisely excused himself.

hermanradtke 5y ago
I think Dorsey left because there is no web3 angle to Twitter. Instead, he renamed Square to Block and focuses all his energy there.
- kbos87 5y ago
  Come on. There is still plenty of potential for Twitter regardless of whether or not it has a “web 3 angle”.