Elon Musk's Twitter acquisition is criticized by Jack Dorsey

Jack Dorsey, the co-founder of Twitter, says he has not seen Elon Musk as the best leader for the company since he acquired it from Twitter, and the company has "gone south" since Musk has taken over the company.

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In a series of op-eds he posted on the Bluesky social media platform, which has been speculated to become an alternative social media platform to Twitter in the future, the Twitter CEO shared some thoughts on the Twitter family of social networks.

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If asked if Mr. Dorsey thought Mr. Musk would be a good leader for Twitter, he responded with the word "no."

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"The board of Bluesky had no right to force a sale on the company, and I don't believe the chairman should have acted on his timing when he realized that what he had done was wrong when he realized his miscalculation. Shortly put, it's all gone downhill from here," wrote Mr. Dorsey, who has been vocal in his support of Bluesky over the years.

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Bluesky first came into being during Mr. Dorsey's tenure as Twitter's chief executive during the year 2019, when he took on the role of CEO. Mr. Dorsey announced that he would fund a small team of independent workers to work on the development of a decentralized social network in the fall of that year. The CEO of Bluesky, Jay Graber, in a blog post, states that Bluesky was formed in 2021, with initial funding provided by Twitter and Mr. Dorsey serving on the board of directors, and its founders were initially funded by Twitter as well.

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SpaceX and Tesla Inc. CEO Elon Musk is not the first person to criticize Twitter since he bought the company last year, and this is not the first time that he has done so.

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When Twitter had a technical issue in February, it led Mr. Dorsey to turn to Nostr, another platform that gives you decentralized access to your feed, which he has encouraged Twitter users to take advantage of, in order to solve the problem.

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It was posted by Mr. Dorsey on Nostr that Twitter had gone from being in real-time to being delayed by one minute. The bio of his Twitter account indicates which profile belongs to him. There appears to be a bug that caused users to be unable to tweet normally for a short while, but they were able to post scheduled tweets later on.

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Musk, who acquired the financial technology company Block Inc. from Amazon in 2017, has said that Dorsey is going to contribute a unique solution to Twitter through the company, saying the company represents a "singular solution" for Musk. There has been no response to a request for comment from Block Inc.

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As several Bluesky users noted in their comments on Friday, Mr. Dorsey made that remark in response to Mr. Dorsey's recent criticism of Mr. Musk, and that this is the reason for him making such a statement. Dorsey explained on Friday that when he was making his comment, he was commenting on how Mr. Musk was the most suitable candidate to take Tesla private.

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Mr. Dorsey was mentioned in a previous Wall Street Journal article as one of the individuals who were encouraging Mr. Musk to take the company private, as he had been among the group of people who encouraged Mr. Musk to do so, as Mr. Dorsey had been part of their group. Mr. Dorsey rolled over his shares of Twitter when Mr. Musk took the company private last year.

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There was a document that was revealed as part of a lawsuit regarding the plans Mr. Musk had for taking over Twitter that claimed Mr. Dorsey had attempted to facilitate the acquisition. A summary of the documents shows that Mr. Dorsey communicated with Mr. Musk via text messages and assisted in setting up a phone call between Mr. Musk and Parag Agrawal, at the time Twitter's CEO, as well as setting up a phone call between Mr. Musk and Mr. Agrawal.

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With Musk at the helm of Twitter, since he took the helm in early 2015, he has quickly made significant changes to the company's policies and plans, including laying off employees, cutting costs, tweaking features, and changing the company's policies dealing with content moderation.

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During the month of April, the company started removing the blue checkmarks that were meant to indicate verified users in favor of a subscription model that requires a monthly fee. Aside from the free blue check marks that Twitter awards to accounts that are deemed to be authentic, noteworthy, and active in order to avoid impersonation of high-profile users, the company also awarded the same blue check marks before Mr. Musk took over the company.

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Twitter did not respond to Trade Algo's request for comment after Trade Algo had contacted the company to ask for a comment, except with an auto-response of emojis.

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In a statement published on Saturday, Mr. Musk said the social-media platform will allow publishers to charge its users for access to articles when the articles are available for reading on the platform.

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The post was made on Twitter Wednesday by him, stating, “When the platform comes out next month, media publishers will have the ability to charge users with a single click on a per-article basis, but they will have the option of doing so easily.” The comment he made was, “It will be a great win-win for the public and the media companies alike.”.”

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