Jack Dorsey, co-founder and former CEO of Twitter, previously supported Elon Musk’s purchase of the social media platform. However, in a recent interaction on Bluesky, a decentralized social application, Dorsey had some critical words for Musk’s leadership of Twitter.
When asked whether Musk has proved to be the right person to lead Twitter, Dorsey replied bluntly: “No. Nor do I think he acted right after realizing his timing was bad. Nor do I think the board should have forced the sale. It all went south.”
Since Musk’s acquisition of Twitter in October 2022, he has made several changes, including slashing staffing by three-quarters, reinstating banned accounts, requiring users to pay for “verified” status, and leaning into the subscription model.
Musk also claimed that Twitter was on the verge of bankruptcy and vowed to step down once a replacement was found.
Dorsey expressed his inability in stopping the sale, stating that “we did everything to avert” Twitter’s failure. He also believed that Musk should have dropped the acquisition deal and paid a $1 billion penalty instead. However, experts suggested that abandoning the deal would have cost Musk much more than the penalty.
Dorsey is currently backing Bluesky, a decentralized social application, which is in private beta.