Elon Musk’s takeover of Twitter last year has not gone well with the platform’s former CEO, Jack Dorsey. In a recent post on his Twitter alternative, Bluesky, Dorsey expressed disappointment in how Musk has been handling the micro-blogging platform since taking over.
Dorsey believes that Musk should have paid the $1 billion termination fee if he or Twitter had backed out of the deal. He also criticized Musk’s introduction of the Blue Badge subscription policy, which he believes is a trap that excludes millions of people. In his words,
If Elon or anyone wanted to buy the company, all they had to do was name a price that the board felt was better than what the company could do independently. This is true for every public company. Was I optimistic? Yes. Did I have the final say? No. I think he should have walked away and paid the $1 billion
Many people find this criticism surprising, considering that in 2022, Jack had openly endorsed Musk’s leadership on Twitter, saying he trusted him as the singular solution to handle the company. However, the series of changes Musk has made on the platform, including massive layoffs, has drawn widespread criticism from many quarters.
We’re unsure about the impact of Jack Dorsey’s criticism of Musk’s leadership on Twitter. However, we know that Dorsey’s opinion carries significant significance in the tech community, and taking his criticism seriously is vital.
