Twitter co-founder, Jack Dorsey has revealed that the platform went south after it was bought by American billionaire, Elon Musk.
He added that Musk is not the right person to run the company.
Elon Musk struck a deal to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.
Twitter agreed to sell itself to Musk for $54.20 a share, a 38 percent premium over the company’s share price before he revealed he was the firm’s single largest shareholder. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic.
Dorsey, once a supporter of Musk’s $44billion takeover, gave a frank assessment when asked if the company’s new owner and CEO had proven himself the right man for the job.
“No. Nor do I think he acted right after realising his timing was bad. Nor do I think the board should have forced the sale. It all went south,” Dorsey wrote on Bluesky, an invite-only Twitter alternative he is backing, Bloomberg reported.
