Science & Technology

Jack Dorsey Thinks It’s Great 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 Conference on June 4, 2021 in Miami, Florida.
Picture: Joe Raedle (Getty Photographs)

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 can see the billionaire SpaceX founder pay $44 billion to take the corporate non-public. And whereas Dorsey is now not the CEO and in the end had little say within the matter, except for serving on the Board of Administrators, it’s attention-grabbing that the person who despatched the platform’s first ever tweet in 2006 would say, “Elon is the singular resolution I belief.”

I like Twitter. Twitter is the closest factor we’ve to a world consciousness,” Dorsey stated in a second tweet following a hyperlink to Radiohead’s 2000 music “Every part in its Proper Place.”

The concept and repair is all that issues to me, and I’ll do no matter it takes to guard each. Twitter as an organization has at all times been my sole situation and my greatest remorse. It has been owned by Wall Avenue and the advert mannequin. Taking it again from Wall Avenue is the proper first step,” Dorsey continued.

Then Dorsey obtained philosophical, explaining that he doesn’t really assume anybody ought to personal Twitter. Nonetheless, if anybody goes to personal it, then Musk is the particular person to do it.

In precept, I don’t imagine anybody ought to personal or run Twitter. It desires to be a public good at a protocol degree, not an organization. Fixing for the issue of it being an organization nonetheless, Elon is the singular resolution I belief. I belief his mission to increase the sunshine of consciousness,” Dorsey tweeted.

In fact, it’s simple for Dorsey to say that no one ought to personal Twitter now that he’s obtained 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 incredible job and that his imaginative and prescient for the corporate was similar 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 objective of making a platform that’s ‘maximally trusted and broadly inclusive’ is the appropriate one. That is additionally @paraga’s objective, and why I selected him. Thanks each for getting the corporate out of an unimaginable scenario. That is the appropriate path…I imagine it with all my coronary 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 appropriate path. In truth, 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, on condition that I don’t have faith in administration nor do I imagine I can drive the required change within the public market, I would wish to rethink my place as a shareholder,” Musk stated in paperwork filed with the SEC two weeks in the past.

“This isn’t a risk,” Musk stated threateningly in his SEC submitting. “It’s merely not funding with out the modifications that have to be made.”

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

I’m so completely happy Twitter will proceed to serve the general public dialog. World wide, and into the celebs!” Dorsey tweeted, ending up his thread.

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