Twitter founder, Jack Dorsey, has given the reason the microblogging app was sold to United States’ billionaire, Elon Musk.
Musk on Monday night reached an agreement to buy Twitter for approximately $44 billion.
The 50-year-old acquired the company at $54.20 a share, the same price named in his initial offer on April 14.
Giving reason for selling Twitter, Jack said Elon Musk 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.”
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 assured that Twitter will continue to serve the public conversation.
US politicians, billionaire kick as Elon Musk acquires Twitter
Tesla CEO, Elon Musk is acquiring the popular microblogging platform, Twitter, with the aim of promoting “free speech” on the platform.
The billionaire had earlier stated, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated”.
Despite his claim, the purchase of Twitter did not settle well with some politicians in the United States (US), likewise the rich.