Jack Dorsey on Monday night reached an agreement with Elon Musk to sell Twitter for approximately $44 billion
By Kehinde Okeowo
American entrepreneur, programmer, and philanthropist, who co-founded Twitter, Jack Dorsey has said he sold the microblogging app to billionaire, Elon Musk to save it from the powerful and influential American businessmen.
Musk on Monday night reached an agreement with Dorsey to buy Twitter for approximately $44 billion, acquiring the company at $54.20 a share, the same price named in his initial offer on April 14.
Justifying why he sold Twitter, to the 50-year-old Elon Musk, Jack said the businessman is the only solution to achieving the purpose of Twitter being run for the public good.
According to him, he trusts Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive”.
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He also added that it was also done to save the microblogging app from the powerful people running Wall Street.
His tweets read, “I love Twitter. Twitter is the closest thing we have to global consciousness. The idea and service is all that matters to me, and I will do whatever it takes to protect both. 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.
“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 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.
” 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.”
Jack Dorsey also assured the online community and all netizens that Twitter will continue to serve the public conversation.
