Jack Dorsey, co-founder and former CEO of Twitter, credits Elon Musk with buying the company he founded for $44 billion. Dorsey said Musk's decision to take Twitter was the right first step.
Dorsey lent his support to Musk after the board of directors approved the SpaceX and Tesla CEO's offer to buy Twitter for $54.20 per share.
"Twitter as a company has always been a major issue and my biggest regret. It has belonged to Wall Street and its advertising model. Taking it back from Wall Street was the right first step," Dorsey said in a tweet, as quoted by Cnet, Tuesday (26/4). /2022).
In a subsequent tweet, Dorsey cites Musk as the only solution he believes in. "I believe in its mission to expand the light of consciousness," Dorsey wrote, referring to an earlier tweet calling Twitter a 'global consciousness'.
In principle, I don't believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.
— jack⚡️ (@jack) April 26, 2022
Musk first made his bid to buy Twitter earlier this month after buying a 9.2% stake in Twitter. Twitter was initially expected to turn down the offer, but they began to consider it after Musk explained his funding plans, including debt from Morgan Stanley.
While Musk is an active Twitter user, he is also one of his biggest critics. The world's richest man has criticized Twitter's moderation policies on several occasions and has signaled they will relax their moderation policies.
"Elon's goal of creating a platform that is 'maximum trusted and broadly inclusive' is the right one. This is also what @paraga is for, and why I chose it," Dorsey said in a subsequent tweet, referring to Twitter CEO Parag Agrawal.
"Thank you to both of you for bringing the company out of an impossible situation. This is the right path... I believe with all my heart," he continued.
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