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Former CEO, Jack Dorsey, Hails Elon Musk’s Acquisition Of Twitter

Jack Dorsey, Twitter’s former CEO, and co-founder has praised Elon Musk’s $44 billion acquisition of the platform. In his first public remarks since Twitter and Musk announced the acquisition, Dorsey stated, “Elon is the singular solution I trust.”

Reacting to the $44 billion deal, Dorsey tweeted that Musk and current CEO Parag Agrawal were “getting the company out of an impossible situation” and that the company was on the “right path.” Dorsey also mentioned his own regrets regarding how Twitter is structured.

“The idea and service is all that matters to me, and I will do whatever it takes to protect both,” he wrote. “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.

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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.”

“Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also #paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path… I believe it with all my heart.

On April 4, Musk acquired 9.2 percent of Twitter. Then, ten days later, he made an offer to take over Twitter for $42 billion, which was rejected. However, on Monday, reports emerged that Twitter was close to a deal with Musk, and the company confirmed Tuesday that it had accepted Musk’s $44 billion buyout bid.

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