Dorsey wrote that"we did everything to avert" Twitter's failure, but that ultimately he was powerless to stop the sale.
"If Elon or anyone else wanted to buy the company, all they had to do was name a price that the board felt was better than the company could do independently," he wrote."Was I optimistic? Yes. Did I have final say? No."Dorsey also said Musk should have dropped the acquisition deal and paid a $1 billion penalty.However, many experts said at the time that abandoning the deal would have cost Musk much more than a $1 billion penalty written into the agreement.
Dorsey started backing Bluesky, a decentralized social application, in 2019, when he was still CEO of Twitter. The new social app is currently in private beta.
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