Several exchanges via text messaging between the billionaire head of Tesla and SpaceX, Elon Musk, and Twitter’s key stakeholders surfaced recently as a result of the ongoing legal fight between the two parties amid Musk’s decision to back down from a proposed buyout of the social media company.
Some of the most prominent figures whose text messages have been exposed in court proceedings include Musk, Twitter’s senior officials including its Chief Executive Officer, Parag Agrawal, the founder of the social media platform, Jack Dorsey, and Prince Alwaleed Bin Talal, who is deemed as a co-investor in the deal.
Various interesting conversations have been flagged by social media users and media outlets as the transcriptions showcase the mindset and attitude of some of the characters involved in the negotiations.
Elon Musk Toys With a Pay-to-Tweet Model Powered by Dogecoin
Elon Musk discusses at some point the possibility of creating a blockchain-based Twitter-like platform that charges users a small amount for publishing their short-text messages.
The messages reveal that Musk’s first choice as payment method was the meme cryptocurrency called Dogecoin (DOGE) – a digital asset he’s been known for backing and pumping in many instances by publishing cryptic messages that, in some occasions, led people to believe that he was somehow involved with the project.
“I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed”, Musk discussed with the head of The Boring Company, Steve Davis.
Well-known figures from the investment world including Jason Calacanis were among those who supported Musk’s bid for Twitter as reflected by the venture capitalist’s comments and his intentions to participate in the deal, one way or the other.
Calacanis boldly tells Musk at some point “you have my sword”, referring to his unwavering support. The investor even proposes some possible courses of action to make Twitter more profitable including the possibility of cutting the firm’s headcount in half and offering “voluntary departures”.
Twitter’s Founder Believes That Turning the Platform Into a Company Was a Mistake
Meanwhile, some controversial comments came from Twitter’s founder, Jack Dorsey, who deemed the decision to make the platform a company “the original sin”. In a series of exchanges with Musk, Dorsey, who appears to be nicknamed “jack jack” on Musk’s phone, told the head of Tesla (TSLA) that he was departing from the company’s Board In May this year and out of it entirely shortly afterward.
“Twitter started as a protocol. It should have never been a company. That was the original sin”, Dorsey reflected.
Dorsey appears to have tried to get Musk into Twitter’s board for a while but the Board rejected his proposals. The founder of the social media platform emphasized that his voting power was just not enough to overrun what he considered a “super risk averse” governance body.
How conversations evolved between Twitter’s CEO Parag Agrawal and Elon Musk is particularly interesting as it appears that the head of the social media platform was on board with Musk’s involvement initially but the relationship turned a bit sour after the billionaire started to make comments about Twitter’s inaccurate spam and bot activity reports and other similar remarks.
“You are free to tweet “is Twitter dying?” or anything else about Twitter – but it’s my responsibility to tell you that it’s not helping me make Twitter better in the current context. Next time we speak, I’d like to you provide you perspective on the level of internal distraction right now and how it hurting our ability to do work”, Agrawal wrote in a message to Musk in early April.
Musk responded by asking Agrawal what he got done during that week and emphasized that he no longer had the intention to join Twitter’s Board as he deemed the decision a “waste of time”.
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