Jack Dorsey Just Made Another Move To Separate Himself From Twitter

Dorsey’s admiration for Musk and his trust in the billionaire running the platform is public knowledge, which has fueled speculation that it was Dorsey who pushed Musk into buying the company. According to a report from Financial Times, Dorsey was of the opinion that Twitter would be better served if taken private, later musing on Twitter that “taking it back from Wall Street is the correct first step.” Soon after Dorsey publicly shared that sentiment, Elon Musk made his disclosure that he was planning to take Twitter private.

Dorsey is said to have had a tussle with Elliott Management, which landed itself a seat on the board after a sizeable investment in 2020. Dorsey reportedly saw Musk as the quickest way for Twitter to go private and realize its true potential while sidestepping the pressure of achieving short-term goals enforced by capitalist stakeholders such as Elliott Management (via CNBC). Moreover, SEC filings unearthed that Musk and Dorsey’s rapport runs deeper than it appears on the internet, especially on Twitter.

Both the founders have a few other shared interests, such as cryptocurrency, decentralization, free speech, and an open-source tech ecosystem. But not everyone is a fan of Dorsey and his recent moves. Jason Goldman, former vice president of Product at Twitter, said in an interview that Dorsey backstabbed the board by encouraging Musk to buy the company — and now it appears Dorsey’s era at Twitter has finally come to an end at an unprecedented juncture.

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