Twitter co-founder Jack Dorsey slams Elon Musk's management of the company

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter co-founder Jack Dorsey said company ‘went south’ after Elon Musk took overTwitter “would have never survived as a public company.”
Source: nypost - 🏆 91. / 67 Read more »

Jack Dorsey no longer thinks Elon Musk is the right person to run Twitter | CNN BusinessFormer Twitter CEO Jack Dorsey backtracked Saturday on his earlier endorsement of Elon Musk as the right choice to lead the company, speaking out against the billionaire who, for the past six months, has led Twitter through a series of largely self-inflicted crises.
Source: CNN - 🏆 4. / 95 Read more »