Jack Dorsey thinks Elon Musk isn’t doing it right on Twitter

Jack Dorsey makes use of the Bluesky app, constructed on a unified and open social networking protocol that he partially funded and advocated, to inform some reality about Twitter, Elon Musk, and his resolution to take the corporate underneath Tesla’s management. CEO. Dorsey acknowledges that Twitter is doing poorly underneath Musk, but in addition blames the board for forcing the sale, saying Twitter has few choices that might do nicely as a publicly traded firm.

Dorsey responded to a query from Bluesky person Jason Goldman about whether or not he thought Musk had confirmed to be “the very best boiled potential.” [sic]” (It is okay Jason all of us make typos and we all know you imply housekeeper) with the next:

No. I do not suppose he took motion proper after he realized his timing was dangerous, both.
I do not suppose the board of administrators ought to pressure the sale both. All of them went south. But it surely did, and all we will do now’s construct one thing to forestall it from occurring once more. So I am glad that Jay and the staff and the nostr builders existed and constructed it.

Washington Put up author Will Oremus later quoted this submit and tried to border it as Dorsey refraining from blaming himself, Dorsey vehemently disagreed with this, stating that he had beforehand apologized for his position in Twitter’s fateful spree.

Along with lamenting Twitter’s place underneath Musk and the circumstances that led to it, Dorsey shared the view that Twitter “won’t ever survive as a public firm” and that the market circumstances mixed with the corporate’s state of affairs on the time meant: activist buyers and people attempting to take over. It was condemned to be manipulated by PE corporations. Dorsey additionally re-contextualized his now-infamous tweet by saying, “The one resolution I belief, Elon,” explaining that he particularly meant the results of maintaining Twitter personal (presumably towards different activist hedge fund buyers).

Dorsey additionally disputed the accusation that he “bought” the corporate by promoting it to Musk, which is actually an impudent accusation, however particularly as Dorsey factors out, public corporations are by nature topic to sale and acquisition when vested (or unsuitable, I assume, relying on the place you reside). relying on market circumstances.