Elon Musk served former Twitter boss Jack Dorsey a subpoena on August 22, 2022 searching for materials to assist him out of his $44 billion purchase of the enormous social media platform, as agreed.
Jim Watson | AFP | Getty’s paintings
Former Twitter CEO Jack Dorsey openly criticized Elon Musk’s leadership of the corporate in a series of social media posts on Friday, writing that “all went to waste” and Musk “must have walked away” from the acquisition.
The discussion was sparked by users of Bluesky, a vibrant latest social media platform that’s touted as a possible alternative to Twitter. They asked Dorsey if he believed Musk was the proper Twitter leader, to which Dorsey replied, “No.”
“NO. Also, I do not think he acted right after realizing his timing was mistaken. I also don’t think management must have forced the sale. Every thing went mistaken,” Dorsey wrote. He added that he’s glad that latest social media platforms corresponding to Bluesky are emerging. Dorsey agreed Bluesky since 2019when he was still CEO of Twitter.
Dorsey previously called Musk a ‘single solution’ take over Twitter. In a tweet from April 2022Dorsey said he trusts Musk’s “mission to expand the sunshine of consciousness” through the platform.
But a yr later, Dorsey’s fame seems to have deteriorated.
Musk, who can be the CEO Tesla and SpaceX has drawn anger over its turbulent takeover of Twitter, which it acquired for $44 billion late last yr. Musk’s rapid job cuts, radical politics and reshuffling have shaken the trust of advertisers, politicians and celebrities, amongst others.
Many individuals have publicly announced their decision to go away or limit their use of the platform, including but not limited to: Elton John, Jim Carrey AND MTApublic transportation agency in Recent York.
Shortly after making his best and final bid to purchase Twitter for $44 billion, or about $54.20 a share, Musk attempted to back out of a deal he had made to purchase the corporate.
He would need to pay a $1 billion penalty, otherwise generally known as a “break-up fee”, to accomplish that and prove to a Delaware court that he had a great reason to go away. Although Musk took the matter to court, he ended the deal anyway.
Dorsey, who remains to be a Twitter shareholder, defended the deal then. But on Friday, he wrote that things must have turned out in a different way. “I feel he must have left and paid $1 billion.” It’s unclear whether Musk or Twitter had that option.