Twitter Shares Rise As Elon Musk & Jack Dorsey Slam Board

Twitter stock popped higher Monday, heading closer to Elon Musk’s $54.20-per-share offer

as he bad-mouthed the company’s board amid rumors of other possible bids.

The shares rose nearly 7.5% to close at $48.45 in the second full trading day since Thursday

 when the Tesla CEO made what he called a “last and final offer” to buy the social media company

“Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted Monday

In a few unusual tweets of his own, Jack Dorsey also slammed the Twitter board

it’s consistently been the dysfunction of the company” and quoting what he called a “Silicon Valley proverb”: “Good boards don’t create good companies, but a bad board will kill a company every time

Elon Musk Sued By Twitter shareholder