Elon Musk Twitter deal - How CEO Parag Agarwal and founder Jack Dorsey reacted

After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal and Twitter founder Jack Dorsey took to micro-blogging platform Twitter to share their views on this biggest development in recent times. 

Twitter founder Jack Dorsey has expressed his faith in Musk’s leadership. He also said that taking the company back from Wall Street was the ‘correct first step’ towards rebuilding the company.

“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,” Dorsey wrote in a series of tweets.

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

“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,” he added.

Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important. https://t.co/5iNTtJoEHf

— Parag Agrawal (@paraga) April 25, 2022

He also expressed his faith in Musk’s vision for the company. “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,” he wrote in a subsequent tweet.

Meanwhile, CEO Parag Agrawal said on Tuesday that the micro-blogging platform has a purpose and relevance that impacts the entire world.

"Deeply proud of our teams and inspired by the work that has never been more important. I know this is a significant change and you're likely processing what this means for you and Twitter's future," Agrawal tweeted. He was set to address Twitter employees in a town hall on what this takeover means to them and allay their fears.

Tesla CEO Elon Musk on Monday said that he hopes that his worst critics should remain on Twitter.  "I hope that even my worst critics remain on Twitter, because that is what free speech means," he tweeted. "And be my love in the rain," Musk added, posting from famous American poet Robert Frost's poem "A Line-storm Song".