Jack Dorsey Explains Why 'It All Went South' With Elon Musk At Twitter

Twitter co-founder and former CEO Jack Dorsey slammed Elon Musk on Friday and said “he should have walked away” from purchasing Twitter last year.

Dorsey, in posts on his Twitter alternative Bluesky Social, told a user that he doesn’t believe Musk is the right person to lead the company and explained that “it all went south” with Musk’s $44 billion acquisition in October, CNBC reported.

“Nor do I think he acted right after realizing his timing was bad. Nor do I think the board should have forced the sale. It all went south,” he wrote. “But it happened and all we can do is build something to avoid that ever happening again.”

Dorsey, in another post, wrote that he thinks Musk “should have walked away and paid the $1b” — a reference to a $1 billion termination fee if either Musk or Twitter backed out of their initial deal last year.

Dorsey shared his remarks via his invitation-only alternative to the social media giant, a platform called Bluesky that he announced in 2019 and launched in 2021.

Bluesky, which has already dropped its iOS and Android apps, has seen more than 360,000 downloads in the Apple store along with over 1 million interested users on its waitlist, Fortune reported last week.

Bluesky CEO Jay Graber touted the platform last year as “an open and decentralized standard for social media” where users have “more choice and control” over their experience.

Dorsey once referred to Musk as the “singular solution” he trusted to lead Twitter. However, his views on the company’s leader appear to have shifted.

In the time since Musk’s acquisition, the platform has seen a number of upheavals including widespread reforms to its blue check mark policies, cuts of its staff and other policy changes.

“Payment as proof of human is a trap and I’m not aligned with that at all,” wrote Dorsey, referring to Twitter Blue’s $8-a-month cost. “The payment systems being used for that proof exclude millions if not billions of people.”