Jack Dorsey, the co-founder of Twitter, who initially supported Elon Musk’s $44 billion acquisition of the site, is now openly criticizing the new owner for his management of the deal, saying “it all went south”.
Dorsey, when asked about Elon Musk’s capability to handle Twitter, stated, “No, nor do I think he acted appropriately when he realized the timing was unfavorable. Additionally, I do not believe the board should have compelled the sale.” Musk attempted to back out of the deal last year after stock markets fluctuated, leading to a legal conflict between him and the company before ultimately acquiring it at the original offer price.
Jack Dorsey, the co-founder of Twitter, expressed his disappointment with Elon Musk’s acquisition of the platform, stating that “it all went south.” Dorsey also criticized Musk’s handling of the deal and the board’s decision to force the sale. Dorsey made these comments on Bluesky, an invite-only alternative to Twitter that he is supporting. Twitter did not provide a specific response to Dorsey’s remarks.
Jack Dorsey, who was previously supportive of Elon Musk’s acquisition of Twitter, is now criticizing Musk’s handling of the deal. When asked if Musk is the best possible steward for the platform, Dorsey said he is not, and criticized Musk’s response to the market’s reaction to his offer to buy Twitter. Dorsey is now backing Bluesky, an invite-only Twitter alternative. In response to a user’s comment about how the deal went down, Dorsey agreed that it was sad. However, Dorsey also argued that Twitter would not have survived as a public company and that the only alternative was to have it owned by hedge funds and Wall Street activists. Twitter did not respond to a request for comment.
Since taking over in late October, Musk has cut a majority of Twitter’s staff and the platform has faced several public controversies, including the handling of its user verification process. Musk has proposed a subscription service for Twitter that would allow users to get a blue check mark for $8 a month. Dorsey, however, is not a fan of this idea and wrote on Bluesky that “Payment as proof of human is a trap and I’m not aligned with that at all.” He also pointed out that such payment systems exclude a significant number of people, potentially in the billions.
