Twitter co-founder reacts to the acquisition – RT World News

Jack Dorsey praised and encouraged Elon Musk after the Tesla CEO bought Twitter in a $44 billion deal, saying he is confident the company is in his hands and he will “take it back” from Wall Street.

Dorsey outlined his views on the purchase in a lengthy Twitter thread Monday night, stating that while the platform shouldn’t be owned by one person, it is a company and Musk “It is the singular solution in which I trust” to keep it afloat.

“Elon’s goal of creating a platform that is ‘maximally trustworthy and broadly inclusive’ is correct. this is also [Twitter CEO Parag Agrawal’s] goal, and why I chose him”, wrote, adding “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 continued to insist on the need to “protect” Twitter, calling him “the closest thing we have to a global consciousness”, and said he’s sorry it’s now “Wall Street Ownership and the Advertising Model”.

“Getting it back from Wall Street is the right first step,” Dorsey continued, expressing the hope that with Musk at the helm, “Twitter will continue to serve the public conversation.”

Tesla’s CEO first launched his takeover bid for Twitter earlier this month, shortly after buying a 9.2% stake in the company on April 4. announcing the deal on Monday afternoon, Musk called out Twitter on “digital city square” and promised to keep “freedom of expression” in the place.

Dorsey resigned as chief executive of Twitter last November after leading the company since its founding in 2006, appointing CTO Parag Agrawal to take his place.

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