Jack Dorsey Approves of Elon Musk’s Takeover of Twitter

UTC by Benjamin Godfrey · 3 min read
Jack Dorsey Approves of Elon Musk’s Takeover of Twitter
Photo: The DEMO Conference / Flickr

While the acquisition of Twitter is now subject to shareholder and regulatory approvals, there are many prominent figures that have criticized the move, one of whom is Jeff Bezos.

Jack Dorsey, the co-founder and former Chief Executive Officer of Twitter Inc (NYSE: TWTR) has expressed his satisfaction with the takeover of the company by Elon Musk. Over the past 24 hours, the primary conversation on Twitter which Musk called the de facto town square for important deliberations has been centered on the latest change in ownership.

Taking to the social media platform, Dorsey posted a Spotify link to a Radiohead track dubbed “Everything In Its Right Place,” a gesture that showcases how pleased he is with the impending transition. From the Twitter thread from Dorsey, it was obvious that he had issues with the way the social media platform was being controlled by Wall Street investors.

To him, a revolution was needed to return the platform back to what it was created to be, and he affirmed that Elon Musk is the right man for the job.

“I love Twitter. Twitter is the closest thing we have to a global consciousness,” his tweets read, “The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”

While Dorsey said he does not believe in a one-man-ownership of the social media platform, he said Twitter “wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company, however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”

Dorsey has been working assiduously towards the creation of a decentralized social media platform, leading to the company’s financing of the Bluesky project back in 2019. However, in the light of the latest acquisition by Musk, Bluesky said in a tweet that its latest offshoot, Bluesky PBLLC operates independently of Twitter’s influence.

Elon Musk’s Twitter Acquisition Also Drew Criticisms

While the acquisition of Twitter is now subject to shareholder and regulatory approvals, there are many prominent figures that have criticized the move, one of whom is Jeff Bezos, the founder of Amazon.com Inc (NASDAQ: AMZN).

Responding to a tweet from New York Times reporter, Mike Forsythe with respect to Elon Musk and Tesla’s convoluted relationship in China, Bezos said:

“Interesting question. Did the Chinese government just gain a bit of leverage over the town square?”

Undoubtedly, the question highlights the longstanding feud between the two billionaires. “My own answer to this question is probably not,” Bezos added. “The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter.”

From his broad assertions, it was obvious Bezos has some doubts about Musk’s ownership status of Twitter, however, the Tesla boss has said earlier he hopes his greatest critics could stay on the platform as that is one of the ways to guarantee the freedom of speech he is championing.

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Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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