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“Singular solution”: Ex-CEO Jack Dorsey over Elon Musk’s bid to take over Twitter

By Saima Siddiqui 
Updated Date

Washington: Following Tesla CEO Elon Musk’s successful attempt to take over Twitter, Jack Dorsey, the former CEO of the microblogging site, sent a series of tweets indicating his support for the decision.

Also Read :- Twitter owner Elon Musk says difficult process of staff layoffs to begin today

“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,” Dorsey tweeted.

Also Read :- Entire verification process is being redesigned right now, Says Twitter Boss Elon Musk

On Monday (local time), Twitter disclosed Musk’s purchase of the company for USD 44 billion. According to sources, shareholders would receive USD 54.20 in cash for each share of Twitter stock they possess, matching Musk’s original offer and representing a 38% premium over the stock price the day before Musk announced his interest in the firm.

Musk’s purchase of Twitter, according to Dorsey, is a move in the right direction for the company.

“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,” he added.

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