by Harriet Alexander and James Gant at Daily Mail
- Co-founder Jack Dorsey, who helped launch Twitter in 2006, on Monday night gave his seal of approval to Musk’s $44 billion takeover bid
- Dorsey, 45, tweeted: ‘Elon is the singular solution I trust. I trust his mission to extend the light of consciousness’
- The St Louis-born Dorsey, who was always intending to leave the board in May, is getting the biggest windfall from the sale thanks to his 18 million shares, valued at $978 million
- CEO Parag Agrawal, who took over from Dorsey in November 2021, is in line for a $38.7 million pay package
- Twitter board chair Bret Taylor is in line to receive a cash payout just over $3 million, while former board chair Omid Kordestani will receive a $50.6 million payout
- Some Twitter staff have reacted with horror to Elon Musk’s takeover of the company, according to internal chats shared online
- The company has frozen planned changes to the service until Friday, amid what Bloomberg speculated was concern that a rogue employee could ‘push something or mess with the product on the way out the door’
- In message rooms staff vented about their trepidation over working for the mercurial South African
- Others in a staff meeting held at 5pm ET worried whether they would still be able to work from home, and asked about their share options
- Agrawal told staff that their jobs were safe for the moment, saying there would be no layoffs until Musk took over in six months, and reassuring them about their stock options and benefits
- He would not be drawn on whether Donald Trump would be allowed back to the platform: Trump said on Monday he has no wish to, and Agrawal said it was a decision for the Musk
- Agrawal said he was ‘proud of our teams and inspired by the work that has never been more important’
Twitter co-founder Jack Dorsey has welcomed Elon Musk’s takeover of Twitter, describing the South African billionaire as ‘the singular solution I trust,’ and adding: ‘I trust his mission to extend the light of consciousness.’
Dorsey, 45, has long been a supporter of Musk’s and last week condemned the infighting that he said had riven the Twitter board.
A self-professed ‘1/8th hippie’, Dorsey said he had faith in Musk’s promise to make Twitter a bastion of free speech.
‘In principle, I don’t believe anyone should own or run Twitter,’ Dorsey tweeted.
‘It wants to be a public good at a protocol level, not a company.
‘Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.’
Dorsey tweeted hours after it was revealed that he is in line to receive a $978 million payout after Musk bought the social media network he created.
He owns 18,042,428 shares in the firm – equivalent to 2.4 per cent of the company – which Musk will now buy for $54.20 each, netting him close to a billion dollars…
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