Jack Dorsey Thinks Elon Musk Offers Twitter Needed “Cover” – Deadline

As their bromance heats up, Jack Dorsey has weighed in again to support Elon Musk’s pending acquisition of Twitter following news the Tesla CEO wants Dorsey to retain a stake and stick around. Twitter’s co-founder and former CEO still sits on the Twitter’s board but has attacked it as dysfunctional and had planned to leave at the annual meeting in late May when his term ends. Dorsey today responded to tweets by Ben Horowitz, co-founder and general partner of investment firm Andreessen Horowitz. The firm agreed to invest $400 million in an Elon Musk-owned Twitter, one of 18 blue-chip backers the Tesla CEO lined up to help finance his bid, according to an SEC filing. Horowitz said, “Twitter has great promise as a public square, it suffers from a myriad of difficult issues ranging from bots to abuse to censorship. Being a public company solely reliant on an advertising business model exacerbates all of these.” Then he added, “Elon is the one person we know and perhaps the only person in the world who has the courage, brilliance, and skills to fix all of these and build the public square that we all hoped for and deserve.” “This is true.…
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