It was reported by the Wall Street Journal yesterday that Elon Musk plans to take Twitter public again in as little as three years of buying the social media platform.
The report cites people that are familiar with the matter and highlights Musk’s plan for the platform going forward.
Musk and Twitter have been unable to be reached for comment on the report thus far.
If the deal between Musk and Twitter goes through, he will be taking the company private.
Bloomberg reporter Sarah Frier noted of the news, “So much for @jack‘s vision of a future Twitter not beholden to Wall Street.”
So much for @jack's vision of a future Twitter not beholden to Wall Street. https://t.co/8l16n1aQ9c
— Sarah Frier (@sarahfrier) May 3, 2022
On the day of the deal, Twitter co-founder and former CEO Jack Dorsey said in a four-part Twitter thread, “The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.”
“In principle, I don’t believe anyone should own or run Twitter. 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 continued.
Dorsey explained, “Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.”
“I’m so happy Twitter will continue to serve the public conversation. Around the world, and into the stars!” Dorsey concluded.
In principle, I don’t believe anyone should own or run Twitter. 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.
— jack⚡️ (@jack) April 26, 2022
Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also @paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.
— jack⚡️ (@jack) April 26, 2022
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