Home Technology Jack Dorsey Thinks It’s Great That Elon Musk Is Buying Twitter

Jack Dorsey Thinks It’s Great That Elon Musk Is Buying Twitter

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Jack Dorsey Thinks It’s Great That Elon Musk Is Buying Twitter

Jack Dorsey on stage at the Bitcoin 2021 Convention on June 4, 2021 in Miami, Florida.

Jack Dorsey on stage on the Bitcoin 2021 Convention on June 4, 2021 in Miami, Florida.
Photo: Joe Raedle (Getty Images)

Twitter co-founder Jack Dorsey absolutely endorsed Elon Musk’s deliberate buy of the social media firm in a hostile takeover on Monday. Musk and Twitter’s board reached a deal that may see the billionaire SpaceX founder pay $44 billion to take the corporate non-public. And whereas Dorsey is not the CEO and in the end had little say within the matter, apart from serving on the Board of Directors, it’s attention-grabbing that the person who despatched the platform’s first ever tweet in 2006 would say, “Elon is the singular solution I trust.”

I love Twitter. Twitter is the closest thing we have to a global consciousness,” Dorsey stated in a second tweet following a link to Radiohead’s 2000 tune “Everything in its Right Place.”

The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step,” Dorsey continued.

Then Dorsey bought philosophical, explaining that he doesn’t really assume anybody ought to personal Twitter. However, if anybody goes to personal it, then Musk is the individual to do it.

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,” Dorsey tweeted.

Of course, it’s straightforward for Dorsey to say that no person ought to personal Twitter now that he’s bought his cash. Dorsey’s web price is estimated to be roughly $7.3 billion, one thing that by no means would’ve occurred with out non-public possession over the platform he helped create.

Curiously, Dorsey went on to insist that present CEO Parag Agrawal was doing an awesome job and that his imaginative and prescient for the corporate was equivalent to Musk’s imaginative and prescient, one thing that’s merely unfaithful and apparent to anybody who’s adopted Musk’s criticisms of present management.

Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart,” Dorsey tweeted.

If you learn Musk’s filings with the SEC, the billionaire Tesla CEO doesn’t agree with Dorsey that Twitter’s company management is on the best path. In reality, Musk has so little religion within the present administration of Twitter that he threatened to promote his 9.2% of the corporate if his hostile takeover bid failed.

“If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” Musk stated in paperwork filed with the SEC two weeks in the past.

“This is not a threat,” Musk stated threateningly in his SEC submitting. “It’s simply not a good investment without the changes that need to be made.”

But even when Dorsey and Musk don’t essentially agree on who ought to lead Twitter, they clearly have related approaches to the platform. The distinction with Musk may be that he’s rather more petty than Dorsey, usually blocking individuals he doesn’t agree with on the platform, whereas Dorsey appears to take criticism in stride.

I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!” Dorsey tweeted, ending up his thread.


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https://gizmodo.com/jack-dorsey-elon-musk-opinion-buying-twitter-great-foun-1848841390