• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Did That… Just Really Happen?

Did That... Just Really Happen?

Did that just really happen

  • World
  • U.S.
  • Business
  • Tech
  • Entertainment
  • Sports
  • Science
  • Health

Jack Dorsey ‘trusts’ Elon Musk to run Twitter

April 27, 2022 by Nena Serrano Leave a Comment

WHAT’S BEING CLAIMED:

  • Elon Musk received Twitter co-founder’s approval
  • Musk bought the social media network at $54.20 per share, $44 billion in total.
  • While Dorsey doesn’t “believe anyone should own or run Twitter,” he does feel confident about this deal, saying “[this] is the sole solution I trust.”

Elon Musk has received thumbs up from Jack Dorsey, co-founder of Twitter.

This comes after the $44 billion purchase of the social media network. Dorsey co-founded the platform in 2016 and became its chief executive twice.

On Monday, he tweeted to share “Everything in Its Right Place” by Radiohead and said that he is confident about this. He started with “I love Twitter. Twitter is the closest thing we have to a global consciousness.”

“The idea and service is all that matters to me, and I will do whatever it takes to protect both,” Dorsey continued. “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.”

While Dorsey doesn’t “believe anyone should own or run Twitter,” he does feel confident about this deal, saying “[this] is the sole 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,” he said. Dorsey ended the thread with, “I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!”

He stepped down from his position in November 2021 and explained what pushed him to this decision in a press release at the time.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” he said.

The search for the next person for the job did not take long. Parag Agrawal, who served as the chief technology officer, assumed the position.

The purchase has now come close to a conclusion, with a unanimous decision from the board. The transaction is expected to close in 2022.

“[Twitter] has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company,” the company said in a news release.

Musk became the social media platform’s largest shareholder in April. He shared his intention in a statement, saying that wants to make Twitter “better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans.”

He also mentioned that the platform “has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

Source: People

Filed Under: Business, Tech Tagged With: Elon Musk, Jack Dorsey, Twitter

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

More Interesting Stories

Japanese are going crazy over a backpack that looks like a real cat

WHAT’S BEING CLAIMED: Miho Katsumi created a backpack that looked like a real cat, and it is making waves on Twitter in Japan. These are handcrafted bags made using faux fur and 1 bag takes about 1 to 3 months to make. One bag is priced at 140,000 Japanese yen ($1,074). Miho Katsumi created hand-sewn […]

Fountain of Youth: Fecal transplants could be the next big anti-aging hack

WHAT’S BEING CLAIMED: Fecal transplantation is demonstrated to reverse age-associated inflammation that causes a decline in tissue function, a new study finds. The researchers said that this improves understanding of the importance of microbiota composition and how it could be involved in disease development The paper was published in Microbiome. As a person grows older, […]

NASA to send nude pictures of people to space to ‘attract aliens’ [Video]

WHAT’S BEING CLAIMED: In the hope of luring aliens to Earth, NASA is planning to send naked pictures of humans into space. The naked man and woman in the photos are waving to make them look more inviting. The image was revealed as part of a project called the “Beacon in the Galaxy” (BITG) which aims […]

Wild fox kills 25 flamingos at Smithsonian’s National Zoo

WHAT’S BEING CLAIMED: A wild fox broke into an outdoor flamingo habitat at the Smithsonian’s National Zoo in Washington D.C. on Monday. The fox killed 25 American flamingos and one Northern pintail duck. According to the zoo, it is the first time a wild predator has broken into the mesh exhibit since it was built […]

Copyright © 2022 Who Knew News.
Privacy Policy | Terms of Use | Do Not Sell My Info