After Tesla CEO Elon Musk's acquisition of Twitter was finalized, Twitter founder Jack Dorsey sent 6 tweets in a row to express his expectations for Musk.
On April 25, local time, Twitter announced that it had reached an acquisition agreement with Musk, agreeing to Musk's wholly-owned acquisition of Twitter at a price of $54.20 per share, totaling about $44 billion in cash. Upon completion of the transaction, Twitter will become a privately held company. The deal, which has received unanimous approval from Twitter's board of directors but still requires shareholder and regulatory approvals, is expected to close in 2022.
After the news was released, Dorsey tweeted a song called "Everything Is In Its Right Place."
He then commented, "I love Twitter. Twitter is the closest thing we have to global awareness. ”
Dorsey called Twitter his biggest regret, saying, "The idea and service are the most important to me, and I will protect both at all costs." Twitter has always been my only problem and my biggest regret. It's already owned by Wall Street and the advertising model. Taking it back from Wall Street is the right first step. ”
He added, "In principle, I don't think anyone should own or operate Twitter. It should be a public good at the protocol level, not a company.
Dorsey's praise for Musk is overflowing. He called Musk a "unique solution" to the Twitter problem and called Musk's mission "to expand the light of consciousness."
"Elon's goal is to create a platform that is 'trusted and inclusive to the maximum extent', and rightly so." Dorsey continued, "That's also Parag's goal (Twitter CEO Parag Agrawal) and why I chose him. Thank you for saving the company from an impossible situation. It's the right path... I totally believe that. ”
In conclusion, he said, "I am pleased that Twitter will continue to serve the public conversation." All over the world, even flying to the stars!"
Dorsey is a co-founder and former CEO of Twitter, where he led Twitter to go public in 2013. Beginning in 2020, Elliot Management, one of Twitter's aggressive hedge funds, drove a major change in Twitter, and under pressure, Dorsey abruptly resigned as CEO last November to be replaced by Parag Agrawal, who had been CTO.
It is reported that Dorsey is a good friend of Musk, the two often interact on Twitter, and Dorsey has also tweeted many times to express dissatisfaction with Twitter's board.
On April 16, local time, venture capitalist Garry Tan tweeted, "The wrong partner on the board can bring losses of up to $1 billion." Dorsey replied that this has always been a dysfunction of Twitter.
On April 18, local time, CNBC reporter Scott Wapner tweeted Dorsey, "If you think Twitter's board is/has been dysfunctional, making the company unable to be as great as you suggest, why didn't you take any action on it when you took the helm of the company?" ”
Dorsey replied, "There's a lot to say, but nothing to say. ”
(Source: The Paper)