Elon Musk NOT The Best Person To Run Twitter - Jack Dorsey
Category: Tech News
Twitter co-founder Jack Dorsey said Elon Musk is not the right
person to run the company and that it ‘all went south’ for the billionaire
after he bought the social media giant.
Dorsey, once a supporter
of Musk’s $44billion takeover, gave a frank assessment when asked if the
company’s new owner and CEO had proven himself the right man for the job.
‘No. Nor do I think he acted right after realizing his timing was
bad. Nor do I think the board should have forced the sale. It all went south,’
Dorsey wrote on Bluesky, an invite-only Twitter alternative he is backing,
Bloomberg reported.
READ: Jack Dorsey Stepping Down as Twitter CEO
Dorsey had been on good terms with the Tesla CEO prior to his takeover
and last year called Musk’s acquisition of Twitter as ‘the singular solution I
trust.’
Musk has since implemented widespread changes to boost
revenue at Twitter after the social media platform saw advertising income drop
last year in the run up to his takeover.
The company has rolled
out its Twitter-verified blue tick as a paid service, a move Dorsey also
slammed on Bluesky.
READ: Ex-Twitter Owner, Jack Dorsey Launches New Social Media Platform Bluesky Social
‘Payment as proof of human is a trap and I’m not aligned with that at all,’ he
wrote.
‘The payment systems being used for that proof exclude
millions if not billions of people.’
Musk has since returned blue
ticks to accounts with more than one million followers – confusing celebrities
across the world.
READ: Twitter Boss, Jack Dorsey Arrives Nigeria
The entrepreneur has also shrunk the employee-base by about 80 percent since
his acquisition.
The social media firm was now ‘roughly breaking
even’, Musk said in a recent Twitter Spaces interview.
But after
Twitter had made 3,700 of the company’s approximated 7,500 employees redundant
in November, Dorsey apologized to current and ex-staff.
READ: Twitter Boss Jack Dorsey Unfollows Donald Trump, Others
In what was his first tweet addressing the takeover, Dorsey said he was
sorry for growing the company ‘too quickly’ and declared that Twitter
employees ‘always find a way no matter how difficult the moment’.
The co-founder rolled over his 18 million shares into the Elon
Musk era of the company rather than taking a payout. His shares equal
approximately a 2.4 percent stake in the company.
This means he
will be one of Twitter’s biggest investors in the company, and contributed
roughly $1billion to Musk’s $44billion purchase.
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