It seems Jack Dorsey is ready to live in a world like that.
After weeks of back and forth between the richest man in the world and the board of directors of the company, Musk bought the company for $54.20 per share. On the same day, Jack Dorsey, the founder and former CEO of the social networking site, said that he trusts Musk to transform the platform.
In principle, I don't believe anyone should own or run the company. The problem of it being a company is being solved. I trust that Musk's mission is to extend the light of consciousness.
The two men have the same vision for how the micro-blogging site should operate. In the same thread, he wrote that Musk's goal of creating a platform that is "maximally trusted and broadly inclusive" is the right one.
The sentiment appears to be in line with Musk's offer from earlier this month, in which the billionaire stated, "I believe in its potential to be the platform for free speech around the globe."
The similarities between Musk and Dorsey go back a long way. According to Business Insider, at the 2016 Dmexco digital marketing event in Cologne, Germany, Dorsey said Musk was a really good model for how to use Twitter. In an interview with the New York Times in February, Dorsey said he respected how Musk was focused on solving existential problems and sharing his thinking openly on the platform.
Musk said thanks to Jack.
Musk was asked how he would improve the platform at the January 2020 event. Musk said he would find a way to differentiate real people from bots on the platform.
The admiration flowed both ways. In March 2020, when Dorsey was on the verge of being ousted as CEO by an activist hedge fund, Musk stated his allegiance to him.
The friendship may not be the only benefit from Musk's purchase. If the deal is completed, the stake in the company that is held by Dorsey would be worth $975 million at the price Musk is paying. As of Tuesday morning, the shares of Dorsey were worth $923 million.
Musk has gotten himself into trouble on the platform for advocating for free speech. Musk paid a $20 million fine and relinquished his role as chairman of the company, but remained CEO. Musk said he had enough money to take the company private. Musk didn't properly notify regulators, according to the agency.
The sides agreed to end the original settlement for clarity after the SEC accused Musk of violating the agreement when he posted about production numbers.
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