BusinessBusiness & EconomyBusiness Line

Jack Dorsey criticizes Elon Musk’s management at Twitter: ‘It all went south’

Elon Musk has served August 22, 2022 aged Twitter boss Jack Dorsey with a subpoena in a hunt for material to relief him procure out of buying the massive social media platform for $44 billion as agreed.

Jim Watson | AFP | Getty Photos

Twitter‘s aged CEO Jack Dorsey overtly criticized Elon Musk’s management of the firm in a sequence of social media posts Friday, writing that “it all went south” and Musk “have to nonetheless comprise walked away” from the acquisition.

Users of Bluesky, a buzzy original social media platform that is being touted as a doubtless replacement to Twitter, introduced about the discussion. They requested Dorsey if he believed Musk turn out to be as soon as the correct chief for Twitter, to which Dorsey answered, “No.”

“No. Nor fabricate I mediate he acted correct after realizing his timing turn out to be as soon as noxious. Nor fabricate I mediate the board have to nonetheless comprise compelled the sale. It all went south,” Dorsey wrote. He added that he’s happy original social media platforms admire Bluesky are being constructed. Dorsey has backed Bluesky since 2019, when he turn out to be as soon as nonetheless serving as Twitter’s CEO.

Dorsey previously known as Musk the “singular solution” to rob over Twitter. In a tweet from April 2022, Dorsey said he trusted Musk’s “mission to elongate the light of consciousness” through the platform.

Nonetheless a 365 days later, Dorsey’s thought seems to comprise soured.

Musk, who’s furthermore the CEO of Tesla and SpaceX, has drawn ire for his tumultuous takeover of Twitter, which he got for $44 billion late closing 365 days. Musk’s steep job cuts, sweeping coverage and comprise adjustments comprise shaken the boldness of advertisers, politicians and celebrities, among others.

Many comprise publicly launched their resolution to recede or cut their employ of the platform, along side Elton John, Jim Carrey and MTA, New York City’s public transit agency.

Rapidly after making a most intelligent-and-final make clear to aquire Twitter for $44 billion, or about $54.20 per share, Musk tried to motivate out of the deal he made to aquire the firm.

He would comprise had to pay a $1 billion penalty, otherwise identified as a “breakup rate,” to fabricate so and reveal to a Delaware court that he had an even motive slack strolling away. While Musk did rob the matter to court, he ended up going through with the deal anyway.

Dorsey, who’s nonetheless a Twitter shareholder, championed the deal on the time. Nonetheless on Friday, he wrote that things have to nonetheless comprise long gone differently. “I mediate he have to nonetheless comprise walked away and paid the $1b.” It’s no longer clear that Musk, or Twitter, even had that option.

Content Protection by

Back to top button