Twitter, on Tuesday, announced that Tesla CEO Elon Musk reached an agreement to acquire the social media organisation for approximately $44 billion.
Co-founder and former CEO of Twitter Jack Dorsey, in a tweet, wrote, “Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also @paraga’s (Parag Agarwal) 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.”
"Twitter has a purpose and relevance that impacts the entire world," Twitter CEO Parag Agrawal said in a tweet. "Deeply proud of our teams and inspired by the work that has never been more important," Agarwal wrote. Twitter CEO Parag Agrawal told employees of Twitter that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes, reported Reuters.
Entrepreneur and philanthropist Dorsey is the CEO of payments company Block, formerly known as Square. He was the CEO of Twitter from 2015 to 2021. He remains on the board of the company. Dorsey made his thoughts known in a series of tweets. He wrote: “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.”
“The idea and service are 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, Dorsey wrote. “I love Twitter. Twitter is the closest thing we have to a global consciousness,” he added.
