Former CEO of Twitter, Jack Dorsey, has stated his disappointment at how Elon Musk’ is managing the micro-blogging platform since the takeover.
Jack expressed his disappointment on his Twitter alternative platform Bluesky, where he claimed that Musk should have just walked away and paid the $1 billion, a termination fee if he or Twitter had backed out of the deal then.
Jack wrote: “If Elon or anyone wanted to buy the company, all they had to do was name a price that the board felt was better than what the company could do independently. This is true for every public company. Was I optimistic? Yes. Did I have the final say? No. I think he should have walked away and paid the $1 billion.”
Jack also criticized Musk’s introduction of the Blue Badge subscription policy.
He wrote: “Payment as a proof of human is a trap and I am not aligned with that at all. The payment systems being used for that proof exclude millions if not billions of people.”