While Elon Musk’s deal for Twitter to buy must be approved by shareholders or regulators before it is implemented, Jack Dorsey co-founder has expressed support for Musk. Musk, in his view, is the one who can solve Twitter’s problems, which have been accumulating over the years.
Bloomberg explained, using statements from Jack Dorsey on Twitter to explain that he is deeply satisfied with the social network’s ability to meet the communication needs of society. Musk, who co-founded Twitter, was highly appreciative of Musk’s dedication to building a platform that is as trusted as possible and reaches the largest audience.
“In principle, I believe that no one should be the owner Twitter. It should not be a company, but a protocol-level public good. Elon Musk is however the only person who can solve the problem of becoming a platform. Twitter as a company I trust”,Jack Dorsey acknowledged. He said that Twitter had previously owned Wall Street, its advertising business model and Wall Street. It is important to divest the company from investors. Parag Agrawal was Musk’s chief executive officer. Dorsey thanked him for his support. “In getting the company from an impossible situation”.
Dorsey took Twitter public in 2013. However, he later regrets his actions. He was able to retain a stake of 2.36% in the company he co-founded in 2006 as well as a place on the board. Elon Musk reached an agreement with Twitter’s board to buy the company this week for $44 billion.