Jack Dorsey, founder of Twitter, completely leaves the company under the shadow of Musk

• Twitter Elon Musk claims to be "committed" to the purchase after sowing doubts about the agreement and sinking the action

Twitter

has lost its last founder.

, who created the famous social network with

and

16 years ago, announced during the last shareholders' meeting that he will leave his position on the company's board of directors immediately.

It is an abrupt outcome but to some extent expected after leaving the presidency of the social network last November.

Although Dorsey was a beloved figure for Twitter employees and users - the original idea for the service was his - his management at the head of the company did not have the approval of some of the investors, including the activist investor

.

The announcement, however, comes at a difficult time for the company, which is in the process of being fully acquired by

.

The objective of Musk, who has harshly criticized some of the decisions that the service has made in recent years, such as the permanent expulsion of former US President

, is to make Twitter an unlisted company again, reform it from within and , later, put it back on the market.

Musk's operation had the blessing of Dorsey, who has gone so far as to say that Musk is the only person with the profile that the social network needs to transform himself and develop his potential.

Even though the current president,

, has introduced many changes and opened up new avenues of monetization, the network continues to languish in both users and revenue when compared to other social phenomena like

,

or even newer products like

.

At this week's shareholders' meeting, Musk's shadow has been clearly felt, much to the chagrin of the managers.

The purchase agreement was not up for a vote at this time but executives were forced to reject numerous questions related to it.

Musk himself, who for now has 9.2% of the company, was also not present at the meeting and for weeks there has been speculation that he could abandon the purchase attempt or, at least, renegotiate the terms of the agreement.

The initial offer, accepted by both parties, contemplated the purchase of Twitter at a price of

.

Musk sold part of his shares in Tesla and borrowed the rest as collateral to raise the necessary money, but the recent fall in markets has complicated things.

Twitter stock is currently trading at $36.94, 30% less than the agreed price.

Tesla shares have also fallen significantly, putting Musk in a bad spot.

Under the initial agreement, if either party backs out they must compensate the other with $1 billion in compensation.

From Twitter they assure that they will try to bring the agreement to an end as it is drafted, but the tension with Musk is palpable and growing.

It doesn't help, either, that there are many disappointed voices among Twitter employees with how the board has negotiated this deal and with Musk's defiant and abrasive attitude.

Musk believes that the social network shows a clear bias towards leftist politics and that it routinely censors voices from the right.

Just a few days ago Musk has also recognized that his own political inclinations have changed and that although he has voted in the past for candidates from the Democratic Party (the American left), in the future he will do so for Republican candidates on the other side of the spectrum.

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