The co-founder of Twitter, Jack Dorsey, has expressed sharp criticism of Elon Musk's handling of the $44 billion acquisition of the social media platform. Dorsey, who was once a supporter of the deal, now believes that Musk is not the best possible steward for the platform. He also thinks that the board should not have forced the sale.
The acquisition was completed at its original offer price after a legal battle between the company and the billionaire. However, under Musk's leadership, Twitter has cut a majority of its staff and endured a number of public crises, including over its plan for verifying users. Musk has also been pitching a subscription service for Twitter in which users can obtain a blue check mark for $8 a month.
Dorsey, who is backing Bluesky, an invite-only Twitter alternative, believes that payment as proof of human is a trap and that he is not aligned with that at all. "The payment systems being used for that proof exclude millions if not billions of people," he said on Bluesky.
In another post on Bluesky, Dorsey stated that Twitter would have never survived as a public company and that the only alternative was to have it owned by hedge funds and Wall Street activists.
It is interesting to see how the relationship between Dorsey and Musk has changed over the years. While Dorsey was previously friendly with Musk and suggested he get involved with Twitter, he now believes that Musk is not the best person to lead the platform.
In conclusion, the acquisition of Twitter by Elon Musk has not gone as smoothly as some had hoped. Jack Dorsey, the co-founder of Twitter, has expressed criticism of Musk's handling of the deal and believes that the board should not have forced the sale. Dorsey is now backing Bluesky, an invite-only Twitter alternative, and believes that payment as proof of human is a trap.
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