Jack Dorsey set to pocket $978M if Elon Musk’s Twitter acquisition closes – TechCrunch
TechCrunchJUL 2022
Former CEO Dorsey Endorses Musk’s Twitter Takeover
Image copyright: Bloomberg/Getty Images [via the New York Post]
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.
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.