Elon Musk served August 22, 2022 former Twitter boss Jack Dorsey with a subpoena in a hunt for documents that got him out of buying the social media giant for $44 billion as it has come to an agreement.
Jim Watson | AFP | beautiful pictures
Twitterformer CEO Jack Dorsey public criticism by Elon Musk the company’s leadership in a series of social media posts on Friday, writing that “all went south” and that Musk “should have given up” on the acquisition.
Users of Bluesky, a new social media platform being touted as a potential alternative to Twitter, prompted the discussion. They asked Dorsey if he believed Musk was the right leader for Twitter, to which Dorsey replied: “No.”
“No. I also don’t think he acted as soon as he realized his timing was bad. Nor do I think the board should be forced to sell. It’s all gone south,” Dorsey said. write. He added that he’s happy that new social media platforms like Bluesky are being built. Dorsey supported blue sky since 2019while he was still the CEO of Twitter.
Dorsey previously referred to Musk as “single solution” to take over Twitter. In a tweet from April 2022Dorsey said he believes in Musk’s “mission to expand the light of consciousness” through the platform.
But a year later, Dorsey’s opinion seems to have taken a turn for the worse.
Musk, and the CEO of Tesla and SpaceX, sparked outrage for his tumultuous acquisition of Twitter, which he bought for $44 billion late last year. musk steep job cuts, Scan policy and feature change has shaken the confidence of advertisers, politicians and celebrities, among others.
Many people have publicly decided to leave or reduce their use of the platform, including Elton John, Jim Carrey And MTANew York City’s public transit agency.
Immediately after making the best and final bid to buy Twitter for $44 billion, or about $54.20 per share, Musk attempted to back out of the deal he made to buy company.
He will have to pay a $1 billion fine, also known as a “breakup fee,” to do so and prove to a Delaware court that he had good cause to walk away. Although Musk took the matter to court, he ended up finishing the deal.
Dorsey, who is still a shareholder in Twitter, deal champion at that time. But on Friday, he wrote that things should have been different. “I think he should walk away and pay $1 billion.” It’s not clear if Musk or Twitter have that option.
