Dorsey first texted Elon Musk on March 26, according to court documents obtained by Insider, and their private texts show the Twitter founder attempting to involve Tesla CEO in the site a year before the $44 billion deal.
The conversation surfaced as a result of the current legal dispute between Twitter and Musk, who had previously agreed to buy the social media site back in April but later backed out of the agreement in July.
According to court documents obtained by Insider, Dorsey first texted Elon Musk on March 26.
According to reports, Dorsey’s first text to Musk regarding Twitter read: “I need a new platform. It can’t be a company. That’s why I left.”
The former Twitter CEO reacted by clarifying that the platform should become a “open-sourced protocol” that looks “a bit like what Signal has done,” in reference to the encrypted messaging app, according to the text log, to which Musk promptly replied: “What should it look like.”
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The network “can’t have an advertising model,” which is presently the main economic model for the majority of social media companies, according to Dorsey.
Musk told Dorsey: “I’d like to help if I’m able.”
The text log revealed that Dorsey informed the founder of SpaceX that the board of Twitter had rejected his request to join the company a year earlier.
According to lawsuit documents, Dorsey believed the board’s perception of Musk as “more risk” was “completely stupid and backward.”
The co-founder of Twitter stated that he “needed to work to leave, as hard as it was for him” at that very moment.
Musk texted Dorsey to arrange a time to “speak confidentially” when Musk and Twitter ultimately decided to add the tech billionaire to the board on April 5 – a day after his stake in the company became public.
The two texted one other a few hours later and brought up the call. “I couldn’t be happier you’re doing this,” Dorsey told Musk.
Dorsey continued, “I’ve wanted it for a long time. “Got very emotional when I learned it was finally possible.”
In response to Musk’s request for advice on whether or not he was doing “something dumb,” Dorsey reportedly said: “I trust you but def will do.”
Musk and Twitter reached a deal in April under which the tech tycoon would pay an astounding $44 billion to buy the social media service.
The Tesla CEO later withdrew from the deal, alleging Twitter deceived him and the public about the issue with fake and “spam” accounts on the platform, prompting the firm to sue Musk.
In an effort to stop Musk from further criticising the company, Twitter’s attorneys had asked for the trial to start as early as September.
Musk argued with the judge for a start date of February 2023, saying a “warp speed” trial is an effort to undermine his allegation that the platform is overrun with spambots.
On October 17, the trial is anticipated to start.
According to Reuters, Musk’s deposition, which was scheduled for this week and would have lasted two to three hours, has been moved up to next month.