Nov 5, 2022

Jack Dorsey: Twitter co-founder breaks silence on Elon Musk takeover

Twitter co-founder and ex-CEO Jack Dorsey has addressed the mass sackings at his former firm, apologising for growing Twitter "Too quickly". Twitter staff took to the platform to express their anger at the firings. In a statement posted on the microblogging site, Mr Dorsey - who quit as CEO in November and left the board of directors in May - said Twitter staff "Are strong and resilient. They will always find a way no matter how difficult the moment. I realize [sic] many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize [sic] for that." Back in April when Mr Musk first began his purchase of Twitter, Mr Dorsey said the 51-year-old was the "Singular solution I trust" and that the South African's takeover was "The right path...I believe it with all my heart". Almost all of Twitter's revenue currently comes from advertising, and Mr Musk has been looking for ways to cut costs and make money in different ways from the platform, including plans to charge a monthly $8 subscription fee for users to be verified on the platform.

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