Twitter’s board of directors approved a $44 billion agreement for Elon Musk to acquire the company. A surprise statement was given by Former CEO, Jack Dorsey in which he says that Musk is the solution to fix the company’s issues.
Dorsey said, “I love Twitter. Twitter is the closest thing we have to a global consciousness. The idea and service is what 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.”
“In principle, I don’t believe anyone should own or run Twitter. It 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. Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.”
Some huge paydays are coming if Elon Musk’s takeover finishes. With Jack Dorsey set to get an estimated $978 million dollars and Parag Agrawal an estimated $39 million.