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- Jack Dorsey called Elon Musk last year the "singular solutions I trust" for taking Twitter private.
- Dorsey criticized Musk on Friday for not acting correctly when he acquired the platform.
- Dorsey said Musk should have left.
Jack Dorsey no longer trusts Elon Musk as the only solution to run Twitter.
On Friday, the former CEO posted a message on the company's social media site.
The Twitter co-founder said that Musk was not the "best" possible steward of the site when asked by users on Dorsey’s Twitter alternative site Bluesky.
"No. Dorsey said Musk did not act right when he realized his timing was poor. "Nor did I think that the board should have forced this sale." "It all went south."
Musk's conduct in the run-up to and after the acquisition — from antagonizing marketers to mass layoffs — has been criticized by industry leaders and Twitter users in the past year. Some have even boycotted the platform because of his behavior.
Dorsey continued: "If Elon, or anyone else, wanted to purchase the company they only had to name a price the board thought was better than the price the company could achieve independently. It is the same for all public companies. Was I optimistic? Yes. Do I have the final say? No. "I think he should've walked away from the $1b and paid it."
Musk had the option to back out of the acquisition, and pay a $1 billion break-up charge, during the turbulent process. In October, Musk completed the acquisition of the social media giant for $44 billion. Dorsey kept his shares in the business.
Musk's latest criticisms are a stark contrast to Dorsey praising him a year earlier.
Dorsey, in a series tweets posted last April, before the sale of Twitter was completed, backed Musk’s vision, saying Musk’s goal to make the social media platform “maximally trustworthy and broadly inclusive” is "the right" one.
In principle, I do not believe that anyone should be able to own or run Twitter. Dorsey wrote that Twitter wants to be an open protocol, and not a business. Elon's solution to the problem that it is a business, however, is what I trust. I trust in his mission to spread the light of awareness."
Since Musk acquired the platform, hate speeches have risen on Twitter. Musk promised to create a council for content moderation to decide how to and whether to remove harmful postings, but no such council was announced. Musk also asked users if he should step down, and said he would respect the results. However, he remains the current CEO of the site.
Musk stated earlier this month that despite the chaos caused by Musk's purchase, the platform has been able to break even despite its long-standing inability to generate profits.
Insider's comments to Dorsey or Musk were not responded to immediately. Insider's comment request was automatically responded to by the Twitter press email.
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By: ktangalakislippert@insider.com (Katherine Tangalakis-Lippert)
Title: Jack Dorsey once called Elon Musk the ‘singular solution’ for taking Twitter private. Now, the app’s co-founder says Musk never should have bought it: ‘I think he should have walked away’
Sourced From: www.businessinsider.com/dorsey-musk-shouldnt-have-bought-twitter-should-have-walked-away-2023-4
Published Date: Sat, 29 Apr 2023 05:06:12 +0000
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