Jack Dorsey claims 'it all went south' after Elon Musk took over Twitter

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On Friday, former Twitter CEO and founder of the platform, Jack Dorsey, said that current owner Elon Musk was not the best leader for the social media giant while addressing users of the new Bluesky Social, a Twitter alternative that Dorsey is backing.

“No,” Doresy answered after being asked if Musk was the best leader for Twitter, according to Bloomberg. “Nor do I think he acted right after realizing his timing (of the purchase) was bad. Nor do I think the board should have forced the sale. It all went south.”

In April 2022, reports emerged that Musk had become one of platform’s largest shareholders with 9.2 percent of a stake, prompting rumors that Musk was positioning for a hostile takeover. On April 14, 2022, Musk made an offer to purchase Twitter and after weeks of negotiation, Musk offered $54.20 per share, which amounted to a $44 billion bid. 

On April 25, 2022, Dorsey said, “Elon is the singular solution I trust,” concerning Twitter’s future.

“I trust his mission to extend the light of consciousness,” Dorsey added in his 2022 statement.

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