Former Twitter CEO Jack Dorsey backtracked on his earlier endorsement of Elon Musk as the right choice to lead the company.
Asked on Bluesky, Dorsey’s new Twitter-like social media venture, whether he believed Musk has been the best possible steward of Twitter, Dorsey said flatly: “No.” Dorsey added that Musk “should have walked away” from acquiring Twitter for $44 billion, and faulted Twitter’s board in hindsight for trying to compel Musk to follow through with the deal despite Musk’s attempts to back out of the purchase last year. “It all went south,” Dorsey said.
When Musk’s deal to purchase Twitter was first announced, Dorsey said that so long as Twitter had to be owned by a single person or company, “Elon is the singular solution I trust.” “I trust his mission to extend the light of consciousness,” Dorsey proclaimed at the time. Dorsey also rolled over his more than 18 million shares in Twitter into the new Musk-owned company as an equity investor, rather than receiving a cash payout, according to a securities filing after the deal was completed.
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