After it was announced that Elon Musk had reached an agreement to take Twitter private in a $44 billion deal on Monday, Twitter co-founder and former CEO Jack Dorsey made his first public comments in a Twitter thread on Tuesday.
Dorsey called Twitter “the closest thing we have to a global consciousness” and said Musk is “the singular solution I trust” to take the company forward.
“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 tweeted in a thread. “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 affirms Musk’s vision of creating a Twitter “that is maximally trusted and broadly inclusive” is the right step and that is the same reason he chose current CEO, Parag Agrawal. Dorsey further thanked Musk and Agrawal for “getting the company out of an impossible situation.”
Dorsey concluded by saying he’s “so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!” The acquisition deal from Musk is expected to be completed within six months. Dorsey’s endorsement comes at a time when employees are not certain what direction the company will take in the nearest future.
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