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Home»Technology»Jack Dorsey believed Elon Musk could save Twitter from its ‘original sin’
Technology

Jack Dorsey believed Elon Musk could save Twitter from its ‘original sin’

March 12, 2024No Comments3 Mins Read
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Elon Musk-owned X's valuation drops by 71%, reveals investor
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On the outset, Twitter co-founder and CEO Jack Dorsey was not only a supporter however an admirer of Elon Musk’s bid to purchase the corporate. He initially endorsed Musk, stating, “Elon is the singular answer I belief,” and was captivated by his capacity to “lengthen the sunshine of consciousness.” This preliminary admiration units the stage for his or her advanced relationship.

Dorsey later criticized Musk’s drastic modifications to Twitter. In the meantime, a e book by Bloomberg reporter Kurt Wagner reveals Dorsey’s obsession with Elon Musk. And his plans to save lots of the platform from its “unique sin.”

The e book Battle for the Hen goes deep into the unstable relationship between Jack Dorsey and Elon Musk earlier than and after the billionaire took over the corporate. Wagner additionally reveals in his e book how Dorsey helped Musk to purchase out Twitter.

Wagner instructed Engaged that Dorsey and Musk had met on the SpaceX launch facility. Dorsey’s objective was to carry Elon to Twitter offsites. And when Musk disclosed his intention to purchase Twitter, “Jack type of stepped in and did what he may” to assist the method.

Jack Dorsey drastically assist Elon Musk to takeover Twitter

Dorsey reportedly used his energy within the firm in 2020 to nominate Musk as a board member. In the meantime, his makes an attempt failed as a result of the remainder of the board members had been “tremendous danger averse.” Again then, Musk was underneath scrutiny for his controversial tweets.

Because the e book reads, Dorsey’s brawl with activist investor Elliott Administration made him hesitate to remain on the firm. “He thought that Twitter served this greater function … its place on the earth was to not earn a living for shareholders,” Wagner mentioned. “And consequently, he was simply not likely that all in favour of enjoying the Wall Avenue sport, which is an issue if you’re a publicly traded firm.”

Elon Musk got here as a savior to Twitter

Dorsey allegedly believed Twitter was removed from serving its unique function as a social platform. So when Musk’s bid to purchase Twitter went public, Dorsey reportedly inspired the billionaire to handle the corporate’s “unique sin.” The sin was Twitter’s serving as an entity to solely advertisers and political pursuits.

Dorsey later blamed Musk for attempting to again out of the deal and drastically altering the platform. However Twitter was “already unrecognizable.” The e book reads, “And consequently, the corporate that he co-founded and led for nearly 16 years in varied methods is not any extra. X is right here, however Twitter is gone. His legacy has actually been damage by this complete debacle.”

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