One of the founders of Twitter Jack Dorsey was very happy with Elon Musk bought Twitter. In such a way that some people have begun to say that Dorsey, who resigned as Twitter CEO in November 2021, was probably because of the signaling of the Twitter council, was the key person in all Musk stories who acquired social media sites. And some said that not only he was a key person but Musk bought Twitter was a plan that was hatched by Jack Dorsey as a kind of revenge on the Twitter council.
In public, Dorsey has commented on this problem. He believes that with Musk buying a company, finally heading in the right direction. Musk and Dorsey always like each other. In fact, both of them have been seen bonding on several topics in the past, especially on their same interest in Bitcoin and the possibility for cryptocurrency. They also seem to have similar thoughts about topics like web3 and their future possibilities.
CEO Tesla Musk is often seen supporting Dorsey in several examples in the past. He was one of the few who supported Dorsey when he was reportedly pressed in 2020 to resign by Paul Singer, a Protection Fund Manager, Activist Investor, and Co-Ceo Elliott Management.
Dorsey joined in establishing Twitter in 2006 and served as CEO until 2008. He then returned to his position in 2015 and resigned, handed over his responsibilities to the CEO of Parag Agrawal, last year. Since then, although he still holds a chair on the board, he has distanced himself from commenting on anything related to Twitter. That until Musk bought a platform, which was felt by Dorsey was very good for the company.
Musk and Dorsey are also seen supporting each other in a bad and good time. When Dorsey fought with the council, Musk came out to support and say, “Just want to say that I support @jack as Twitter CEO. He has a good heart. “
Everything began in 2020, when Elliott Management bought $ 1 billion in Twitter shares and demanded major changes in the company, with the main purpose of removing Dorsey from the CEO position. At that time, Dorsey refused to resign as CEO, on the grounds that he was the founder of Twitter and hence had to be a person who could run it.
Last year, Elliott Management increased its ownership on Twitter by buying more than $ 200 million shares, when the company’s value dropped more than 15 percent. This might force Dorsey to withdraw from the CEO position.
According to news reports, the Twitter council reportedly accused Dorsey of not paying attention to the potential of Twitter revenue and said that he divided his time as CEO of Square, whose shares were about 85 percent of his wealth. Dorsey was also criticized for moving too slowly, with a preference to speak instead of doing it. Being a good friend, when Dorsey returned as a Twitter CEO in 2015, said Musk, in friendly advice, that he could not run two companies at once.
Last year, a Vanityfair report by Nick Bilton stated that Dorsey resigned suddenly. In the report, one of the Twitter employees highlighted that instead of having a “overlapping transition period” where Jack was supposed to train the replacement of the agrawal paragon, the replacement occurred immediately, which was rather strange.
Although Dorsey never revealed the reason behind the resignation, it was believed that his sudden resignation was due to pressure from the council. Signing as Twitter CEO, Jack has just said that Twitter “is ready to move from its founder”.
This is just when Twitter evaluates the Musk offer that Jack is excavating in the board members. He said that the council had “consistently become a company dysfunction”.
Dorsey seems to have a lot of confidence in Musk and it is seen on his tweet. A few hours after Musk bought Twitter for $ 44 billion, Dorsey shared his happiness. “Twitter as a company has always been the only problem with me and my biggest regret. Already owned by Wall Street and ad models. Taking back from Wall Street is the right first step, “he said, highlighting the fact that after the agreement was completed, Twitter would stop being a company that was registered in public and would become a private company with full ownership that rested with Musk.
Considering Bonhomie between Musk and Dorsey and how happy the former Twitter CEO was in the agreement, there was a rumor that there was a possibility that Musk and Dorsey together manage the wheels that led to Twitter sales.
For example, Kara Swisher, who is arguably the top and most influential technology journalist in Silicon Valley, said this in a kind of thought loudly tweets. “This is like a knife, Mogul’s internet version,” Swisher said when quoting another tweet that said, “Crazy thinks what if @jack controls all this.”
Although, after saying all this, Buzz was still a breakthrough at this time. But the way Dorsey has supported Musk, and the way both seem to have interacted before, it will not really make sense to think that Dorsey plays several important roles in the successful musk offer for Twitter. After all, keep in mind that Dorsey is currently – and for a few more weeks is part of the Twitter council, the same board as the agreement.
