Jack Dorsey Backs Musk’s Twitter Deal

  • Twitter founder approves Musk as new CEO
  • He believes that this is “the only right decision”
  • Dorsey also recalled that he always hoped to make Twitter “public”

Earlier we reported that Elon Musk nevertheless concluded a deal to buy Twitter media holding. The former head of the company and its founder, Jack Dorsey, supports the billionaire’s candidacy and declares that he trusts him.

In his opinion on this matter, he shared on the Twitter page. In the post, Dorsey admitted that Twitter has always been his biggest regret:

“The company was owned by Wall Street and its advertising model. Breaking ties with big business is the right first step.”

Dorsey also noted that the social network, in principle, does not need “in the owner“. However, in the current conditions, the transfer of the company to Elon Musk is the only possible right decision.

The new head of Twitter, Parag Agrawal, told employees that there would be no drastic changes in the next six months. That’s how much it takes to close a deal. He doesn’t know what will happen to Twitter later.

Jack Dorsey left the chair of the head of the holding in November last year. He received “compensation” at $978 million. From the deal with Musk, he is entitled to 2.4%.

Despite some excitement and expectations from “change of power” on the platform, experts ask not to rush to conclusions. So, for example, the mayor of London, Sadiq Khan, recalled that true freedom of speech does not mean universal accessibility.

According to the politician, sites such as Twitter, Facebook or Instagram need moderation. At the same time, Musk himself seeks to make the resource open, including for third-party private developers.


Author of articles on trading and investments, which I have been doing for more than 8 years. Even from your phone, you can open a deal, buy shares, build up capital in assets that will bring dividends even when you stop working. You can't just not think about it.

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