Here’s What Jack Dorsey Told Elon Musk in Private Texts About Twitter – By Queenie Wong (CNET) / Sept 29, 2022
- What’s happening: Text messages between Twitter co-founder Jack Dorsey and billionaire Elon Musk reveal more details about what took place before he offered to buy the company for $44 billion.
- Why it matters: Musk is trying to back out of the deal and Twitter sued the billionaire to enforce the agreement. The messages were included in court documents involving the legal battle and highlight how Dorsey envisioned the future of Twitter.
Twitter co-founder Jack Dorsey told billionaire Elon Musk in March that he “tried his hardest” to get him a seat on the social media company’s board but his idea was rejected, according to a slew of private texts made public Thursday in court documents.
“I think the main reason is the board is just super risk averse and saw adding you as more risk, which I thought was completely stupid and backwards,” Dorsey said in a text to Musk on March 26.
Dorsey, who stepped down as Twitter CEO in 2021 but remained on the board until May 2022, told Musk that he made the move to get Musk a board seat when the company had an activist come in. Elliott Management, the activist investor that called for the ousting of Dorsey as CEO, got a seat on Twitter’s board in 2020.
