Jack Dorsey Says His Biggest Regret Is Twitter Became a Company

By Reuters
Reuters
Reuters
August 27, 2022 Updated: August 27, 2022

Twitter founder and former chief executive Jack Dorsey wrote on Twitter Thursday that he regrets the social media platform became a company.

“The biggest issue and my biggest regret is that it became a company,” Dorsey said in a Tweet in response to a question about whether Twitter turned out the way he had envisioned.

Dorsey stands to receive $978 million if the agreement for billionaire Elon Musk to buy Twitter is completed.

When asked about what structure he wished Twitter would operate under, Dorsey said that it should be “a protocol” and that Twitter should not be owned by a state or another company.

If it were a protocol, Twitter would operate much like email, which is not controlled by one centralized entity, and people using different email providers are able to communicate with one another.

Twitter is embroiled in multiple struggles.

The company has sued Musk for trying to walk away from his $44 billion offer to buy Twitter. A former executive turned whistleblower has accused Twitter of misleading federal regulators about its security measures to protect against hackers and spam accounts.

By Sheila Dang

Reuters