Elon Musk, according to Twitter co-founder Jack Dorsey, is the “singular solution” for the company’s leadership position, he also believes that moving Twitter private and away from Wall Street is the “correct first step.” According to Business Insider, ex Twitter CEO Jack Dorsey has been supportive of Elon Musk’s acquisition of the company and has a positive working relationship with him.
Founder and ex CEO of Twitter, Jack Dorsey, has endorsed Elon Musk’s $44 billion bid to acquire the social media site, claiming that the Tesla entrepreneur is the “singular solution” he believes can manage the firm.
Twitter cofounder Jack Dorsey expressed his support for Musk’s vision for the platform in a series of tweets published on Tuesday, stating that Musk’s objective of creating the site “maximally trusted and broadly inclusive” is the “right” one. Jack Dorsey remarked, “Twitter is the closest thing we have to a global consciousness.” Dorsey stepped down as CEO in November.
Twitter CEO Jack Dorsey expressed regret that the company was still operating as a public company, reiterating a view held by some public companies that obstacles from regulatory requirements and shareholder “activism” are reasons to go private. Dorsey stated that “taking it back from Wall Street is the correct first step.”
“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,” Dorsey writes.“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,” he said. “Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one,” he adds.
Founder and former Twitter CEO Jack Dorsey said that new CEO Parag Agrawal shared his vision, which is why he turned over the company’s reigns to Agrawal in November.
“Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.” He says as he addresses Agrawal and Musk.
After stepping down as CEO of Twitter in November, Dorsey has publicly backed Musk’s quest to acquire the company, while also cultivating a growing “bromance” with the Tesler founder over their mutual interest in cryptocurrencies.
Even though Musk is supported by Twitter’s cofounder Jack Dorsey, several of Twitter’s present workers have voiced anxiety about Musk’s takeover and have stated a desire to leave the network.
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