Jack Dorsey Weighs In on Elon Musk’s $44 Billion Purchase of Twitter

Former Twitter CEO Jack Dorsey is weighing in on Tesla CEO Elon Musk’s purchase of the social media platform. In a series of tweets on Monday night, Dorsey wrote, “I love Twitter. Twitter is the closest thing we have to…

Bradley CortrightApr 26, 20223 min read

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“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 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 also said that Musk’s “goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one,” and that it is the same goal as Twitter’s current CEO Parag Agrawal.

“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 wrote.

Finally, Dorsey said, “I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!”

On Monday, Twitter’s board revealed that it accepted Musk’s offer to buy the company for around $44 billion, or $54.20 per share, as IJR reported.

The company will become private after the deal is completed.

In a press release, Agrawal said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

And in a statement, Musk said, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.”

“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans,” he continued.

Musk added, “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”