April 19, 2022
OPINION: This article may contain commentary which reflects the author’s opinion.
Jack Dorsey, the founder of Twitter, tore into the mainstream media and, in particular, CNN host Brian Stelter for “creating conflict.”
“Tucker Carlson is always selling the same thing, @pbump says: ‘He’s selling doubt…,’” Stelter said in a tweet on Monday.
“and you all are selling hope?” the Twitter founder responded.
“Well, unlike Tucker Carlson, they are at least not selling ‘testicle tanning’…,” a progressive reporter said, to which Dorsey sarcastically said “amazing substantive comeback.”
“not defending a thing. holding up a mirror,” he said.
“I thought his point was that the press does the same thing, sowing doubt to promote white supremacy and get engagement, often amplifying bad takes, but now I’m not sure anymore,” venture capitalist Ellen Pao said, to which Dorsey replied “Yes.”
“Its kind of weird to see that coming out of the founder of Twitter because I’d have a lot to say on that front…,” computer scientist Timnit Gebru said.
“i’m sure. and we certainly have seen what twitter does positive and negative. I think the common denominator is the current ad model for all media, not just social media,” Dorsey responded.
“even @CNN sometimes sell false news. I know this from covering Iraq events in 2019. People need to understand every media is prone to either mistakes or deliberate corruption. Do your own investigation before believing what they’re selling you,” another person said.
“I know this from being on the streets of Ferguson during the protests and watching them try to create conflict and film it causing the protestors to chant ‘f**k CNN,’” Dorsey responded.
On Sunday he went off on the company’s board of directors amid Elon Musk’s attempts to purchase the company.
Dorsey made some interesting comments on Twitter in response to the company’s board of directors attempting to block Musk after he offered $43 billion to buy the company outright.
“If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if it could be made into a Hollywood thriller one day,” a Twitter user tweeted in response to a thread between Dorsey and others.
Dorsey responded, “It’s consistently been the dysfunction of the company.”
Dorsey also said “big facts” in response to the following statement from venture capitalist Fred Destin: “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.”
When another user asked if he was allowed to speak about the board the way he had been, Dorsey responded, “no.”
Twitter is trying to block Musk from purchasing the company by adopting a so-called “poison pill,” which would allow shareholders, except those trying to buy out the company, to purchase newly offered shares at a discounted price.
This could also allow Musk to purchase new shares but at a much higher price, which may be more than he’s interested in spending since he already purchased 73.5 million shares worth $2.9 billion.
It was reported on Monday that Musk has spoken with other investors about joining his bid to purchase Twitter. This comes a week after he formally offered last week to completely buy Twitter for just over $40 billion.
“One possibility, the sources said: teaming with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private. Silver Lake’s Co-CEO Egon Durban is a Twitter board member and led Musk’s deal team during the 2018 failed effort to take Tesla private, sources said. Silver Lake declined to comment,” the New York Post reported.
“For its part, Twitter on Friday adopted a so-called poison pill — a corporate move that prevents Musk from acquiring more than 15% of the company. But that pill may not stop other entities or people from acquiring their own shares of up to 15% of the company. Those owners could partner with Musk to force a sale, make changes in the executive ranks or push for other overhauls of the company,” the report added.
“This is not over,” a source told the New York Post.