His shares equal approximately a 2.4 percent stake in the company. The co-founder rolled over his 18 million shares into the Elon Musk era of the company rather than taking a payout. In what was his first tweet addressing the takeover, Dorsey said he was sorry for growing the company 'too quickly' and declared that Twitter employees 'always find a way no matter how difficult the moment'. The social media firm was now 'roughly breaking even', Musk said in a recent Twitter Spaces interview.īut after Twitter had made 3,700 of the company's approximated 7,500 employees redundant in November, Dorsey apologized to current and ex-staff. The entrepreneur has also shrunk the employee-base by about 80 percent since his acquisition. Musk has since returned blue ticks to accounts with more than one million followers - confusing celebrities across the world. 'The payment systems being used for that proof exclude millions if not billions of people.' 'Payment as proof of human is a trap and I'm not aligned with that at all,' he wrote. The company has rolled out its Twitter-verified blue tick as a paid service, a move Dorsey also slammed on Bluesky. Musk has since implemented widespread changes to boost revenue at Twitter after the social media platform saw advertising income drop last year in the run up to his takeover. Dorsey said it 'all went south' for Musk after he bought the social media giant
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