Former Twitter CEO Jack Dorsey was optimistic about Elon Musk’s $44 billion purchase of the platform.
Newsbusters According to reports, Musk and Twitter finally came up with a deal after many days of back-and-forth negotiations.
statementTwitter’s Independent Board Chair Bret Taylor announced the decision: “The Twitter Board has reached an agreement with @ElonMusk.”
Taylor said in a press release that the deal would provide a “substantial cash premium.”
“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” he said. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
Jack Dorsey was enthusiastic about the deal. In a series tweets, he shared his views Monday night.
“In principle, I don’t believe anyone should own or run Twitter,” he tweeted. “It wants to be a public good at a protocol level, not a company. Elon, however, is my only hope for solving the problem that it could be a company. I trust his mission to extend the light of consciousness.”
Dorsey added that Musk’s goal for the platform was “the right one.”
“Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one,” he tweeted. “This is also @paraga’s goal, and why I chose him. Both of you were instrumental in getting our company out from an untenable situation. This is the right path…I believe it with all my heart.”
Dorsey concluded and said he was “so happy” that Twitter would continue to “serve the public conversation.”
“I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!”
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