Business Maverick: Musk Is the ‘Singular Solution I Trust’ for Twitter, Dorsey Says

Dorsey, who took the company public in 2013, said Twitter has been “owned” by Wall Street and that taking it private was the “correct” first step. He holds a 2.36% stake in the firm, according to Bloomberg data.

“Twitter as a company has always been my sole issue and my biggest regret,” Dorsey wrote in a thread. “Solving for the problem of it being a company however, Elon is the singular solution I trust,” he said.April 26, 2022 The idea and service is all that matters to me, and I will do whatever it takes to protect both. 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.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.

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Business Maverick: Twitter Eyes Deal With Musk as Soon as MondayTwitter Inc. is in the final stretch of negotiations about a $43 billion sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said.
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