Newly released texts between Elon Musk and Jack Dorsey show how the Twitter founder had pushed since at the very least last yr for the mogul to hitch the positioning’s board.
Dorsey appeared to say that he had urged Musk to hitch Twitter’s board when the positioning was battling with activist investor Elliott Management, which began attempting to oust Dorsey as Twitter CEO in 2020.
“Back once we had the activist are available in, I attempted my hardest to get you on our board, and our board said no,” Dorsey wrote to Musk on March 26, 2022, in response to texts revealed in court filings on Thursday.
“That’s concerning the time I made a decision I needed to work to depart, as hard because it was for me,” added Dorsey, who resigned as Twitter CEO last November.
Explaining the board’s decision to not herald Musk, Dorsey wrote: “I believe the major reason is the board is just super risk averse and saw adding you as more risk, which I assumed was completely silly and backwards.”
In the course of the two billionaires’ back-and-forth, Dorsey also told Musk that “a latest platform is required” beyond Twitter.
I attempted my hardest to get you on our board, and our board said no,” Jack Dorsey wrote to Elon Musk. AFP via Getty Images
“It may’t be an organization. That’s why I left,” Dorsey said, adding that he believed the answer was an “open source protocol” that’s not reliant on promoting revenue.”
Musk later responded that he thought “it’s price each attempting to move Twitter in a greater direction and doing something that’s decentralized,” in response to the court filing.
Musk would go on to announce a deal to take over Twitter for $44 billion in April, then backed out of the agreement in July.
The texts between Musk and Dorsey got here to light as a part of Twitter’s lawsuit against Musk in Delaware. Twitter is in search of to force Musk to undergo with the deal in a trial set to kick off Oct. 17.
Other texts revealed as a part of the legal battle reveal that Matthias Döpfner — the billionaire owner Axel Springer, which Politico and Insider — personally offered to “run” Twitter for Musk.
“Why don’t you purchase Twitter?” Döpfner texted Musk on March 30. “We run it for you. And establish a real platform of free speech. Could be an actual contribution to democracy.”
“Interesting idea,” Musk responded.
“I’m serious. It’s doable. Will probably be fun,” Döpfner said.