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Former CEO Jack Dorsey Calls Elon Musk The “Single Solution” For Twitter -By ASC

Former Twitter CEO Jack Dorsey called on Elon Musk buying Twitter as a step in the right direction.


After Tesla Chief Elon Musk succeeded in his bid to take over Twitter, former CEO of microblogging site Jack Dorsey dropped a series of tweets, suggesting that he supported the move.

“In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at the protocol level, not a company. Solving the problem of it being a company however, Elon is the only solution I believe in. I believe its mission is to extend the light of awareness , “tweeted Dorsey.

Twitter on Monday (local time) confirmed the sale of the company to Musk for USD 44 billion. Under the terms of the deal, shareholders will receive USD 54.20 cash for each Twitter share of stock they own, matching Musk’s original offer and marking a 38 percent premium over the share price the day before Musk revealed his interest in the company, CNN reported.

Dorsey called Musk buying Twitter as a step in the right direction for the site.

“Elon’s goal of creating a maximally trusted and broadly inclusive platform is right. This is also @paraga’s goal, and why I chose it. Thank you both for bringing the company out of an impossible situation. This is the right path I believe in. wholeheartedly, “he added.

Dorsey, co-founder of Twitter, on November 29, 2021 abruptly announced his resignation. Parag Agarwal, an IITian who is the CTO at Twitter, was named as his successor.

(Except for the headline, this story has not been edited by AGRASMARTCITY staff and is published from a syndicated feed.)


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