Per Breaking Points podcast
Twitter founder Jack Dorsey calls now Elon Musk-owned platform the 'most important public square'
6/19/2023
Jack Dorsey, the founder of Twitter, recently went on the Breaking Points podcast with Saager and Krystal to talk about many different topics, including the relevance of the now-Elon Musk-owned Twitter. The Twitter founder said that this might have been his first interview since he left the company.
Dorsey revealed that Twitter had many problems being a public company due to the many pressures it experienced. The former CEO of Twitter highlighted how they were "entirely dependent" on advertising.
The former CEO also highlighted how the previous Twitter operated without any protection and had no class voting setup. This allowed activists to come in, saying the company experienced activists coming into their stock, which posed many challenges.
Dorsey: "These advertisers and all this revenue suddenly going away if you make a decision tehy don't like and as the same time that that happens, the stock has an issue and activists comes in and it's a death spiral so the only path to me was to take the company private."
Dorsey also described Elon Musk as Twitter's "number one user" and that the platform "remains the most important public square in the world right now.”
It was previously revealed that Jack Dorsey actually told Elon Musk, "I trust you", a year before the $44 billion Twitter acquisition deal.
Shortly after Elon Musk's acquisition, it was reported that Dorsey still retained a 2.4% stake in the company.
See flow at unusualwhales.com/flow.
Other News:
- Jack Dorsey Told Elon Musk 'I Trust You' a Year Before $44B Deal
- Jack Dorsey Retains a 2.4% Stake in Twitter Even After Elon Musk's $44 Billion Acquisition
Resources:
Breaking Points on YouTube
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