Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: 'Elon Made…The Right Choice'

In a recent interview, Jack Dorsey, the co-founder of Twitter (now X), expressed his support for Elon Musk's approach to the platform’s policies, days after referring to the social media platform as "freedom technology."

What Happened: Dorsey acknowledged the challenges of maintaining a social media platform while upholding user rights in a recent interview with Pirate Wires.

He commended Musk for his decision to maintain these policies, despite the potential impact on the platform’s business model.

"Elon made a choice, and I think it’s the right choice."

Dorsey also mentioned that Musk’s decision to maintain these policies has led to a decline in the platform’s business, indicating that a different model may be necessary to support these policies.

“You have to build up a lot more than advertising to make that model work. You have to build subscriptions, which Elon is doing. You have to build commerce."

See Also: Elon Musk Was Denied Twitter Board Seat Twice Despite Jack Dorsey’s Attempts: ‘One Of The Reasons I Left’

"You have to base more of your model on these internet primitives that can monetize better than advertising if you’re going to have policies like [Elon's],” said Dorsey.

Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.

Why It Matters: This interview comes amid Dorsey stepping down from the board of Bluesky, a decentralized social media platform he backed.

Dorsey said the board needs a new member who shares the platform’s vision of a user-controlled social network. This decision followed controversy at Block, a company Dorsey co-founded.

Despite his efforts with Bluesky and Nostr, Dorsey continues to face criticism as the “face of censorship” at Twitter 1.0. Dorsey admitted that the advertising-based business model was the “core, critical sin” that led to the censorship problems on Twitter.

Check out more of Benzinga's Consumer Tech coverage by following this link.

Read Next: Chuck Schumer Offers To Provide AI Regulation Framework For Healthcare, Labor Rights, And ‘Doomsday Scenarios’ As US Looks To Catch Up With EU

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo courtesy: TED Conference on Flickr

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!