It seems Jack Dorsey wants to be a part of Twitter’s new world.

On Monday – after weeks of back and forth between the richest man in the world and Twitter’s board – Musk bought the company at $54.20 per share, a deal valued at $44 billion. Twitter’s founder Jack Dorsey, a former CEO and chief executive officer of the company, tweeted that Musk is the “singular solution” to the transformation of the site.

Dorsey said Monday night that “In principle,” he didn’t believe any person should run Twitter. It wants to serve the public at protocol level and not as a business. It is not a company, but it can be solved. Trust [Musk’s]”Mission to expand the light of consciousness.”

According to the results, Musk has a similar vision about how Twitter should work. Musk tweeted Dorsey in the same thread that his goal of creating a platform that’s “maximally trustworthy and broadly inclusive” is the correct one. He also wrote Twitter’s current CEO, Parag Agrawal, shares that mission, too – which was crucial for “taking [Twitter]”Back from Wall Street” and its advertisement model.  

It seems that the sentiment is echoing Musk’s offerThe billionaire said earlier in the month that Twitter needs to transform as a private business because “I believe it has the potential to become the global platform for free speech, and free speech is an essential societal requirement for functioning democracy.”

However, Musk’s and Dorsey’s shared history goes back further than the headlines on Monday. Dorsey stated that Musk was “really good” as a model for Twitter use at the Dmexco digital marketing conference in Cologne, Germany. Business Insider. Dorsey stated that he respects Musk’s “concentration on solving existential questions and sharing his ideas openly” in a Twitter interview with Kara Swisher, New York Times reporter.

Musk said, “Thanks Jack. Tweet rocks!”

At Twitter company event in January 2020Dorsey questioned Musk about his platform and suggested improvements. Musk replied he would find a way to better differentiate bots from real people on the platform – which Musk also vowed to improveHe offered to purchase Twitter.

The admiration was mutual. In March 2020,Musk declared his loyalty to Dorsey when he was about to be fired as CEO of an activist hedge-fund. tweeting“He is a person with a great heart.

Musk’s purchase of Twitter may bring Dorsey more than just friendship. If the deal is completed, Dorsey’s 2.25% stake in the company – which is about 18 million shares according to FactSet – would be valued at roughly $975 million at Musk’s price of $54.20 per share. As of Tuesday morning, Dorsey shares were worth $933million at their current market value.

Musk has been a vocal advocate of free speech via Twitter but has now become a problem. The SEC reached a settlement over the allegations. August 2018 tweetMusk gave up his rights. chairman roleMusk was not removed as CEO but paid $20 million in fines. Musk claimed that he was able to finance Tesla’s privatization. According to the agencyMusk did not properly inform regulators that the statements had been made.

Musk was also charged by the SEC with violating the agreement in February 2019. He tweeted about Tesla’s production figures. But the sides disagreed. eventually agreed to amending the original settlement for clarity, instead.

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