Twitter co-founder reacts to takeover

The former CEO hopes Elon Musk will put Twitter on the ‘right path’

Jack Dorsey offered praise and encouragement for Elon Musk after the Tesla CEO purchased Twitter in a $44 billion deal, saying he trusts the company in his hands and that he will ‘take it back’ from Wall Street. 

On Monday, Dorsey shared his thoughts on the acquisition in an extensive Twitter thread. He stated that the platform shouldn’t be owned solely by one person but it was still a company. Musk also expressed support for the purchase. “is the singular solution I trust”To keep it afloat.

“Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. It is also a good idea. [Twitter CEO Parag Agrawal’s] goal, and why I chose him,”He wrote and added “Thank you both for getting the company out of an impossible situation. This is the right course… I believe it with all my heart.”

He continued to emphasize the importance of “protect”Twitter calls it “the closest thing we have to a global consciousness,”He said that he regretted it was now “owned by Wall Street and the ad model.”

“Taking it back from Wall Street is the correct first step,”Dorsey said that Musk is Musk’s choice and expressed hope. “Twitter will continue to serve the public conversation.”

Tesla CEO, Elon Musk, first proposed his Twitter takeover bid earlier in this month. This was shortly after he had purchased 9.2% of Twitter on April 4. In announcingMusk called Twitter “the deal” after Monday’s afternoon transaction. “digital town square”We have vowed that we will keep them. “free speech”You can find it on this site.

Dorsey stepped down as Twitter’s chief executive last November after leading the company since its founding in 2006, tapping CTO Parag Agrawal to take his place.

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