According to a new report, an informal group of activists and businessmen with a libertarian orientation have prompted Elon Musk to start his buyout on Twitter for $ 44 billion.
Perhaps most importantly, Twitter co-founder Jack Dorsey has been whispering in Musk’s ear for some time that the company should be privately held and run, sources told the Wall Street Journal.
Dorsey, who abruptly resigned as Twitter’s CEO in November but remained on the company’s board, became so close to Musk that he sometimes seemed “assigned” to meetings because the two men sent messages on the workday, the former the CEO of Twitter said in front of the exit.
Meanwhile, a close-knit group of Musk’s closest friends and confidants is said to be calling on the world’s richest man to use his wealth to gain control of Twitter, one of the most important platforms for public discourse.
An informal group of libertarian activists and businessmen has prompted Elon Musk to start his $ 44 billion buyout on Twitter, according to a new report
Twitter co-founder Jack Dorsey has been whispering in Musk’s ear for some time that the company should be private, while Kimball Musk (right) also called on his brother to buy the company, according to a new report.
Concerned by increasingly draconian repression and Twitter bans, which often seemed politically motivated to punish conservatives, the group reportedly used its influence on Musk to persuade him to take dramatic action.
The informal think tank is said to include investor Peter Thiel and entrepreneur David Sachs, members of the so-called PayPal Mafia, who helped set up Musk’s start-up payments company in the late 1990s.
Venture capitalist Steve Gervetson, an early Tesla investor who was once on the company’s board, was also part of the staff, insiders said.
Sources also named Musk’s brother, Kimball, who is a member of Tesla’s board.
Musk Lt. Jared Birchel is also believed to have been a key adviser on the takeover deal.
The new report reveals how worried Musk was when Twitter banned former President Donald Trump after the uprising in the US Capitol.
The informal think tank is said to include investor Peter Thiel (left) and entrepreneur David Sachs (right), members of the so-called PayPal mafia.
Venture capitalist Steve Gervetson, an early Tesla investor who was once on the company’s board, was also part of the staff.
Musk Chief Lt. Jared Birchel is also believed to have been a key adviser in the takeover.
In a text message to an associate, Birchel described his boss’s view as: “He strongly disagrees with censorship. Especially for an incumbent president. Crazy.
Musk has not revealed publicly whether he will allow Trump to return to Twitter after taking control, but said he opposes most of the platform’s permanent bans. Trump himself says he will not return even if he is invited.
Musk appears to have been prompted after Twitter suspended Babylon Bee, a conservative satire site, in March.
The bee in the tweet mockingly greeted a transgender woman in the Biden administration as “Man of the Year.”
Musk called Seth Dylan, CEO of Babylon Bee, and asked him if this tweet was the reason for the shutdown. When Dylan confirmed that was the case, Musk thought “he might have to buy Twitter.”
On April 13, the day before his hostile takeover was first announced, Musk had dinner in Vancouver with a small group, including Gervetson and TED leader Chris Anderson.
Although his 9.6 percent share on Twitter was already well known at the time, Musk seemed uninterested in discussing his plans for the company and instead asked dinner guests to share their theories about the meaning of life, a spokesman told the Journal. .
A man walks past Twitter headquarters on April 26, 2022 in downtown San Francisco
Former Twitter executives told the Journals they found out about Dorsey’s budding friendship with Musk in 2020.
Dorsey seems frustrated by Twitter’s increasingly stringent moderation policies and is said to have promoted the idea that the company should be private in talks with Musk.
Although it is not clear to what extent, if any, Dorsey communicated with Musk while his takeover bid was being developed, the Twitter co-founder has made it clear that he approved the move after the agreement was signed.
“Elon is the only decision I believe in,” Dorsey wrote on Twitter on April 25, the day Twitter accepted Musk’s offer. “I trust his mission to expand the light of consciousness.”
If Musk manages his takeover offer, Dorsey will walk away with nearly $ 1 billion for his Twitter share.
Meanwhile, at an emergency meeting on Friday, Twitter officials erupted over Musk’s $ 44 billion acquisition of the company, accusing the world’s richest man of bigotry and worry about potential job cuts after the deal ended.
Employees at the “impromptu” joint meeting asked angry questions to executives, including CEO Parag Agraval, who was described as tired and at times irritated, according to Insider.
Reached by DailyMail.com on Saturday morning, a Twitter spokeswoman declined to comment on the meeting.
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