San Francisco: The once supporter of Elon Musk’s Twitter takeover, Jack Dorsey, co-founder of the microblogging site, criticised Musk’s handling of the deal.
While answering the question of Musk ‘being the best possible steward for Twitter’, Dorsey said “No. Nor do I think he acted right after realizing his timing was bad. Nor do I think the board should have forced the sale.”
Musk tried to back out of the purchase of Twitter last year after the stock market crashed immediately after his bid. The result was a court dispute between the company and the billionaire that had to be resolved in order for the acquisition to proceed at the initial offer price, as per The Straits Times.
“It all went South,” wrote Dorsey on Bluesky, the invite-only Twitter alternative that he is backing.
Twitter slashed the majority of its staffers under Musk, who took over in October and faced several public issues, including those involving its plan for user verification.
(With Agency Inputs)
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