Elon Musk's acquisition of Twitter means Jack Dorsey is fully on track.
Hours after Twitter () agreed to take the social media business private, Dorsey, who co-founded the company and served as CEO until last December, offered a slew of tweets bolstering the move.
"Elon's objective is to create a platform that is'maximally trusted and broadly inclusive,' according to Dorsey. "This is also [current CEO]'s aim, and why I chose him."
Dorsey moved from Twitter last December to concentrate on Block () - the payment company where he was also CEO. This year, Musk reported, assuming he may be called "Block Head." The move mirrored a similar attack by Musk last year, who had his name at Tesla () - changed from CEO to "Technoking."
Dorsey said on Twitter's business model that "twitter as a company" has always been my sole issue and my most profound regret. It has been owned by Wall Street and the advertising model. It's the correct first step."
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Dorsey gave us additional information.
"I love Twitter. It's the closest thing we have to a global consciousness," Dorsey said.
"I don't believe anyone should own or run Twitter, but I want it to be a public good at a protocol level, rather than a company. Elon, on the one hand, is the solution I trust. I trust his mission to regain the sense of self.
Musk's acquisition of Twitter has sparked concern among others.
Given Tesla's extensive business relationships there, some believe he may utilize the company's extensive personal data to repress critics. Others, including, are concerned that Musk will be subjected to pressure from Chinese authorities to disclose information on Twitter users.
Still others are either concerned or optimistic that on Twitter. Trump was banned after the insurrection on January 6, 2021, because he was worried about continuing violence. And, according to reports, Trump would not rejoin Twitter even if the restriction was repealed. His own social media business, Truth Social, has seen a significant decline in interest since its release in February.
