Former CEO Dorsey Endorses Musk’s Twitter Takeover

APR 19 2022·Updated JAN 20 2023

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Image credit: Bloomberg/Getty Images [via the New York Post]

The Facts

Twitter co-founder Jack Dorsey has endorsed Tesla and SpaceX CEO Elon Musk's takeover of Twitter in a series of tweets.
Verge
Dorsey, who stepped down as Twitter CEO in Nov. 2021 but remains on the company's board, wrote Musk is "the singular solution I trust" to Twitter being "owned by Wall Street and the ad model."
Verge
Dorsey stands to make $978M from Musk's $44B purchase, as the former CEO owns 2.4% of the company.
New York Post
This comes as Dorsey called out the ad-based revenue model of Twitter and media in general in recent tweets during Musk's pursuit of Twitter.
CNBC
Twitter recently agreed to a purchase offer from Musk, Twitter's largest shareholder with 9.2% of the company's stock.
ITN

Sources Split

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RIGHT

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CRIT

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PRO
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The Spin

Narrative B

Advertisements make it possible for platforms to provide products and services to price-sensitive consumers without breaking the bank. The ad-revenue model is a boon to consumers.

nytimes

Narrative C

Getting rid of ads is just one of the many positive changes Musk's privatization of Twitter will bring. In addition to improving many features and removing the platform from politics, he's pledged to replace ad revenue with subscription fees from 'Twitter Blue' customers and have the board of directors work for free.

PJ Media