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Dorsey went on to say that he doesn’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,” Dorsey said in his tweets.
Musk, the world’s richest person, made his unsolicited offer to buy Twitter earlier this month. While the company was initially expected to reject the offer, it reportedly warmed to the idea after Musk revealed his financing plan for the bid, which included backing from investment bank Morgan Stanley.
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While Musk — with 83 million followers on the service — is an avid user of Twitter, he’s also one of its loudest critics. The entrepreneur has publicly raised questions about how Twitter moderates content and has indicated he wants looser content moderation for the platform.
“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,” Dorsey said in a tweet referencing Twitter’s current CEO, Parag Agrawal.
Dorsey stepped down in November as chief executive of Twitter, the company he co-founded 16 years ago, turning over the top spot to Agrawal, then the company’s chief technology officer. The leadership shift came amid mounting scrutiny of Dorsey and Twitter from investors seeking better returns and from lawmakers concerned about the company’s moderation policies for political speech.
Dorsey had been CEO of the social network since 2015, when he took over following the resignation of Dick Costolo. Dorsey also briefly served as Twitter’s first CEO starting in 2007 but was fired 16 months later.
Musk Is Twitter’s ‘Singular Solution,’ Says Co-Founder Jack Dorsey