In his comments on American billionaire Elon Musk's acquisition of Twitter, founder and former CEO Jack Dorsey stated that Elon Musk "is the only solution I trust to bring Twitter back to what it was... I am confident that his mission is to extend the light of awareness." He added in a series of tweets on his Twitter account: "I love Twitter... Twitter is the closest thing we have to a global consciousness."
On Monday, Elon Musk won the agreement to purchase Twitter for $44 billion in a deal that will place control of the social media platform, used by millions and world leaders, into the hands of the richest person in the world. It is noted that after Dorsey stepped down as Twitter's CEO in November 2021, he continued to serve on the company's board.
Dorsey mentioned: "The idea and the service are all that matter to me, and I will do whatever it takes to protect them. Twitter as a company has always been my only problem and my regret. It was owned by Wall Street. Taking it back from Wall Street is the first right step."
Dorsey stated: "In principle, I don't believe anyone should own or manage Twitter. It should be a public good, not a company... Elon Musk is the only solution I trust to bring Twitter back to what it was... I am confident that his mission is to extend the light of awareness." He added that Musk's goal is to create a platform that is "as trustworthy as possible and broadly inclusive," describing it as "the right goal... this is the right path... I believe it with all my heart."
Dorsey expressed his happiness, saying: "I am very pleased that Twitter will continue to serve public conversations around the world."
The agreement ends Twitter's journey as a public company since its initial public offering in 2013, approximately nine years of trading. Twitter's shares rose by about 6% following news of the deal, while Tesla's shares declined after Musk's acquisition of Twitter. Musk has argued that the Twitter platform needs to become private in order to grow and transform into a true platform for free speech. The deal comes just four days after Musk unveiled a financing package to support the acquisition, leading Twitter's board to take the offer more seriously, and prompting many shareholders to urge the company not to let the opportunity slip away, as reported by Reuters on Sunday.
