Running Twitter has turned into one thankless job for Elon Musk.
Not only did his Twitter acquisition set him back $44 billion—it also placed him in the center of controversy.
And Musk just got blindsided by the last person he expected.
Elon Musk put much of his fortune—and his status as richest man in the world—on the line when he made a bid to acquire Twitter in early 2022.
According to Musk, he started investing in the company because of his concerns about ensuring free speech in the digital “public square.”
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote when filing paperwork with the Securities and Exchange Commission. “Twitter needs to be transformed as a private company.”
The billionaire then nearly backed out of the deal when inside information revealed that the social media platform was riddled with bots and fake accounts.
But after initially creating a “poison pill” to keep Musk from pulling off his leveraged takeover of the company, the company reversed course and started working to legally force the billionaire to complete his purchase.
At the time, Twitter founder Jack Dorsey claimed Musk’s acquisition was “the singular solution I trust.”
“I trust his mission to extend the light of consciousness,” Dorsey added.
However, Dorsey—a longtime leftist—is now backtracking.
On the cusp of launching a new social media platform—that just happens to look strikingly similar to Twitter—Dorsey now says that he no longer believes Musk was the best possible person to manage Twitter.
Dorsey likely always thought he himself was the best person for the job over Musk
Dorsey went on to say that Musk should have backed out of the business deal—and mentioned that the board made a bad move by pushing him to make good on his initial offer.
When Musk stepped into the driver’s seat at Twitter last fall the company was going into a recession losing millions of dollars a day.
His emergency measures included cutting staff, revamping the platform’s subscription service, and reinstating numerous banned users, including former President Donald Trump.
That was enough to infuriate Democrats, but it was only the beginning for Musk who considers himself a “free speech absolutist.”
Musk started releasing what came to be called “The Twitter Files” to independent journalists blowing the lid off Big Government and Big Tech collusion scandals as well as the corporate-controlled media’s coverup of the Hunter Biden “laptop from hell” story from October 2020.
No doubt Dorsey’s decision to cast shade on Musk—including claiming that the billionaire is “vandalizing” Twitter—is a bid to get him back in with other leftists while simultaneously garnering attention for his new platform, BlueSky.
But that strategy could also backfire in a big way as an increasing number of Americans leave the Democrat Party over concerns over the extreme leftist agenda relentlessly pushed by elites within the party.
Stay tuned to Unmuzzled News for any updates to this ongoing story.