Mr Dorsey additionally acknowledged Mr Musk ought to’ve walked away by paying $1 billion to the board.
Nearly a yr after stating that Elon Musk is the “singular resolution” he trusts to run Twitter, Jack Dorsey appears to have modified his stance on Mr Musk’s management of the microblogging web site. On Friday, the previous CEO of Twitter issued his sharpest criticism but of Mr Musk’s management of Twitter, saying that the tech billionaire has not proved to be the platform’s splendid steward and will have walked away from shopping for the positioning.
Mr Dorsey criticised Mr Musk in a sequence of reply posts on the social community Bluesky, a possible Twitter rival that Mr Dorsey helped to start out. In response to The Washinton Put up, he responded to a query from a Bluesky person concerning whether or not he felt that Mr Musk proved the “absolute best steward”.
“No. Nor do I believe he acted proper after realizing his timing was dangerous. Nor do I believe the board ought to have pressured the sale. All of it went south. However it occurred and all we are able to do now could be construct one thing to keep away from that ever occurring once more. So I am blissful Jay and staff and nostr devs exist and constructing it,” Mr Dorsey mentioned.
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In response to Fortune, in one other publish, Mr Dorsey additionally acknowledged that Mr Musk ought to have walked away by paying 1 billion {dollars} to the board. “If Elon or anybody wished to purchase the corporate, all they needed to do was identify a value that the board felt was higher than what the corporate might do independently. That is true for each public firm. Was I optimistic? Sure. Did I’ve closing say? No. I believe he ought to have walked away and paid the $1b,” he acknowledged.
Additional, responding to a publish by which a person mentioned, “It is fairly unhappy the way it all went down,” Mr Dorsey replied merely: “Sure”.
Notably, it was not way back when Mr Dorsey had mentioned that if Twitter needed to be an organization in any respect, “Elon is the singular resolution I belief”.
“In precept, I do not consider 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 nevertheless, Elon is the singular resolution I belief. I belief his mission to increase the sunshine of consciousness,” he tweeted in 2022 earlier than Mr Musk’s Twitter acquisition had come to fruition.
