Twitter founder and former chief executive Jack Dorsey said that it was his biggest regret that the social media platform became a company. "The biggest issue and my biggest regret is that it became a company," Dorsey tweeted in response to a question about whether Twitter turned out the way he had envisioned, Reuters reported.
Dorsey went on to say that the ideal structure would be for Twitter to be a 'protocol' and not owned by a state or another company. If the agreement between him and billionaire Elon Musk is completed, he stands to receive $978 million.
If Twitter were a protocol, it would function more like email; it won't be under the control of a centralised entity.
The company is, currently embroiled in a lawsuit with Tesla chief Elon Musk, who is trying to walk away from his $44 billion offer to buy the company. Musk had demanded that the company give him access to data from an audit of how many accounts were spam or controlled by bots. Musk said he did not believe Twitter's claim that only 5 per cent of its accounts were spam or controlled by a bot. He also demanded that Twitter turn over data from the 9,000 accounts sampled in the fourth quarter as part of its process to estimate the number of spam accounts.
