this post was submitted on 23 Jul 2023
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I dont understand this sentiment. When Jack Dorsey sold twitter he wanted it delisted so someone could make it more publicly owned. He thought Elon could do that and so it was sold. Its essentially the opposite of what Reddit is trying to do.
If Elon comes in amd says "this company needs to change or else it wont survive" i would believe that. People are essentially mad that the company doesnt have investor funding.
Sorry, you believe what Elon Musk says about anything at this point?
Dorsey sold Twitter for a reason. It wasmt money. You tell me why he thought Elon was the best option
Why wasn't it money? Are you saying he isn't a greedy billionaire like all of the other tech CEOs?
Twitter wasnt profitable and had net losses as it was losing hundreds of millions a year. Dorsey wanted to make twitter profitable while making it more inclusive and trusted. At the time he saw Elon as the best leader based on how he had led Tesla.
Dorsey only held about 2% of the company. The only winners on that sale were the investors. All i was trying to say is if Elon had done nothing, the only winners would have been investors.
You are implying that Dorsey picked Musk to take over Twitter. He didn't. Musk tried to do a pump-and-dump like he always does and he fucked around and found out. He even tried to back out of buying it. You're basically telling me to ignore the whole history of the lead-up to Musk's purchase in exchange for some conspiracy theory involving Jack Dorsey that doesn't even make sense.