‘Elon is the singular solution I trust’ – Jack Dorsey tweets support for Elon Musk’s takeover
TSB News have learn’t that Twitter co-founder Jack Dorsey has welcomed Elon Musk’s takeover of Twitter, describing the South African billionaire as ‘the singular solution I trust,’ and adding: ‘I trust his mission to extend the light of consciousness.’
Dorsey, 45, has long been a supporter of Musk’s and last week condemned the infighting that he said had riven the Twitter board.
A self-professed ‘1/8th hippie’, Dorsey said he had faith in Musk’s promise to make Twitter a bastion of free speech.
‘In principle, I don’t believe anyone should own or run Twitter,’ Dorsey tweeted.
‘It wants to be a public good at a protocol level, not a company.
‘Solving for 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.’
Dorsey tweeted hours after it was revealed that he is in line to receive a $978 million payout after Musk bought the social media network he created.
He owns 18,042,428 shares in the firm – equivalent to 2.4 per cent of the company – which Musk will now buy for $54.20 each, netting him close to a billion dollars.
‘Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one,’ he tweeted.
‘This is also @parag’s goal, and why I chose him,’ he said, referencing Parag Agrawal, who took over as CEO when Dorsey stepped down in November.
‘Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.’
Dorsey described Twitter as ‘the closest thing we have to a global consciousness.’
‘The idea and service is all that matters 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,’ he said.
His celebration came as it emerged that other executives are in line for multimillion dollar payouts.