Twitter CEO Jack Dorsey has backed Elon Musk's takeover of the site.
Musk's purchase of the social media platform was agreed for $44billion at $54.20 per share.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated”, Musk said in a statement.
🚀💫♥️ Yesss!!! ♥️💫🚀 pic.twitter.com/0T9HzUHuh6— Elon Musk (@elonmusk) April 25, 2022
Jack Dorsey has now given his seal of approval to this takeover in a series of tweets.
I love Twitter. Twitter is the closest thing we have to a global consciousness.— jack (@jack) April 26, 2022
The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.— jack (@jack) April 26, 2022
On top of this, Dorsey also praised Elon Musk's aim of creating a platform that is “maximally trusted and broadly inclusive”. He said that this is the "right path" for Twitter.
“I’m so happy Twitter will continue to serve the public conversation”, he said. “Around the world, and into the stars!”.
The deal with Musk and Twitter was agreed, despite the site initially introducing an anti-takeover measure. However, they agreed to negotiate with Musk as he updated his proposal, assuring the company that he had secured the financial backing.