Twitter Founder Jack Dorsey’s Apology Amid Elon Musk’s Change Overdrive

Twitter founder Jack Dorsey's apology amid Elon Musk's excessive change

Jack Dorsey remains an indirect shareholder of Twitter. (File)

New Delhi:

Twitter founder Jack Dorsey apologized to the company’s employees today, a day after the social media company laid off nearly 50% of its workforce in its new owner’s ambitious restructuring plan. Elon Musk. He said he regretted scaling the microblogging platform so quickly.

“The people at Twitter past and present are both strong and resilient. They will always find a way no matter how difficult the times. I realize that many people are angry with me. I hold myself accountable. responsible for why everyone is in this situation: I scaled the company too quickly. I’m sorry for that,” Mr. Dorsey tweeted.

“I appreciate and love everyone who has worked on Twitter. I don’t expect it to be mutual this time… or forever… and I understand,” he added.

Elon Musk, who acquired Twitter last week, has removed most of the top executives, the board and about half of the company’s 7,500 employees. The move capped a week of turmoil and uncertainty over the company’s future under new owner Elon Musk, the world’s richest man, who tweeted on Friday that the service had been “undercut”. large revenue” due to the withdrawal of advertisers.

Jack Dorsey stepped down from the Twitter board in May this year, ending his official relationship with the social network he co-founded in 2006. He has served as director since 2007 and most recently as CEO of Twitter since mid-2015 until he resigned for the last time. five.

Mr. Dorsey remains an indirect shareholder of the company, after transferring about 18 million Twitter shares to Elon Musk’s X Holdings I. He confirmed Musk’s purchase, said in April when the deal was first first announced. announced that the company is “owned” by Wall Street and said that making it private was the “right” first step.

He is currently promoting his new social media app ‘Bluesky’. Bluesky was originally founded by Twitter in 2019 to help develop a similar decentralized concept for the social media giant.


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