Jack Dorsey criticizes Elon Musk’s leadership at Twitter: ‘It all went south’

Jack Dorsey criticizes Elon Musk’s leadership at Twitter: ‘It all went south’


Elon Musk has served August 22, 2022 former Twitter manager Jack Dorsey with a subpoena in a hunt for material to assistance him get out of buying the huge social media system for $44 billion as agreed.

Jim Watson | AFP | Getty Illustrations or photos

Twitter’s previous CEO Jack Dorsey brazenly criticized Elon Musk’s leadership of the firm in a collection of social media posts Friday, writing that “it all went south” and Musk “ought to have walked absent” from the acquisition.

Buyers of Bluesky, a buzzy new social media platform that is becoming touted as a probable alternate to Twitter, prompted the discussion. They asked Dorsey if he believed Musk was the suitable leader for Twitter, to which Dorsey replied, “No.”

“No. Nor do I think he acted correct after knowing his timing was undesirable. Nor do I believe the board need to have forced the sale. It all went south,” Dorsey wrote. He added that he is happy new social media platforms like Bluesky are getting crafted. Dorsey has backed Bluesky considering the fact that 2019, when he was however serving as Twitter’s CEO.

Dorsey previously called Musk the “singular answer” to consider around Twitter. In a tweet from April 2022, Dorsey explained he reliable Musk’s “mission to extend the mild of consciousness” by the platform.

But a 12 months afterwards, Dorsey’s impression seems to have soured.

Musk, who is also the CEO of Tesla and SpaceX, has drawn ire for his tumultuous takeover of Twitter, which he obtained for $44 billion late past year. Musk’s steep career cuts, sweeping coverage and characteristic changes have shaken the confidence of advertisers, politicians and celebrities, among others.

Many have publicly introduced their final decision to leave or decrease their use of the platform, which includes Elton John, Jim Carrey and MTA, New York City’s community transit company.

Quickly after creating a most effective-and-final bid to buy Twitter for $44 billion, or about $54.20 for each share, Musk attempted to again out of the offer he produced to obtain the corporation.

He would have had to pay out a $1 billion penalty, normally acknowledged as a “break up price,” to do so and establish to a Delaware courtroom that he had a great motive for strolling absent. Though Musk did consider the subject to courtroom, he ended up going by means of with the deal in any case.

Dorsey, who is even now a Twitter shareholder, championed the deal at the time. But on Friday, he wrote that things need to have absent differently. “I think he should have walked away and paid out the $1b.” It is not very clear that Musk, or Twitter, even had that choice.





Resource

UK economy contracts again in May, missing expectations for slight rebound
World

UK economy contracts again in May, missing expectations for slight rebound

London. Dukas | Universal Images Group | Getty Images The U.K. economy shrank again in May, data showed Friday. The latest monthly growth figures from the Office for National Statistics showed U.K. gross domestic product (GDP) contracted 0.1% month-on-month in May. Analysts polled by Reuters had expected a 0.1% expansion. The latest data follows a […]

Read More
This CEO’s startup has raised  million and is backed by Sundar Pichai. He shares his ‘superpower’ tip for aspiring entrepreneurs
World

This CEO’s startup has raised $92 million and is backed by Sundar Pichai. He shares his ‘superpower’ tip for aspiring entrepreneurs

Caesar Sengupta, co-founder and CEO of Arta Finance. Courtesy of Arta Finance Given the ups and downs of the startup journey, the biggest “superpower” that entrepreneurs can have is the ability to ground themselves, said Caesar Sengupta, co-founder and CEO of fintech startup Arta Finance. “There’s so much noise in the world,” Sengupta told CNBC […]

Read More
Trump readies blanket tariffs as he brushes off inflation worries
World

Trump readies blanket tariffs as he brushes off inflation worries

US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz/CNP/Bloomberg via Getty Images President Donald Trump on Thursday said that he plans to impose blanket tariffs of 15% or 20% on most trade partners, dismissing concerns that further tariffs could negatively impact the stock […]

Read More