Twitter founder Jack Dorsey says Elon Musk is the singular solution he trusts to take the company to another level.
The Twitter board has accepted Elon Musk’s $44 billion offer to acquire the social media giant and take the company private.
Jack Dorsey, the founder and former CEO of Twitter, has commented on this latest development. According to Dorsey, taking Twitter private is the best thing Elon Musk can do. Dorsey stated that;
“I love Twitter. Twitter is the closest thing we have to a global consciousness. The idea and service are all that matter to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”
Dorsey pointed out that while he doesn’t want Twitter to be run by a single person or an entity, Musk is the singular solution he currently trusts. The former Twitter boss said;
“In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”
Elon Musk has discussed his desire to turn Twitter into a platform for free speech. The Tesla CEO lamented that Twitter wasn’t living up to its potential and could deliver more value to the users.
Dorsey said he agreed with Musk’s points, adding that Twitter’s current CEO, Parag Agrawal, shares similar views about the company.
Elon Musk disclosed earlier this month that he controlled a 9% stake in Twitter. This was followed by a bid a few days later to acquire the social media company after refusing a seat on the board.
The approval by the Twitter board came less than two weeks after Musk submitted a bid to buy out the company.