Twitter co-founder Jack Dorsey reveals 'biggest regret' about company
Dorsey stepped down Twitter's chief executive last year
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Twitter co-founder and former CEO Jack Dorsey revealed his biggest issue and regret about the social media giant.
"The biggest issue and my biggest regret is that it became a company," Dorsey tweeted Thursday in response to a user who asked if Twitter has turned out the way he intended.
Dorsey added in a separate tweet that he wished Twitter would've become "a protocol" and that it definitely "can’t be owned by a state, or company." If it were a protocol, Twitter would operate much like email, which is not controlled by one centralized entity, and people using different email providers are able to communicate with one another.
In response to a tweet on whether it was too late to turn Twitter into an open protocol, Dorsey wrote "nope!"
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Dorsey's comments come as Twitter is suing Elon Musk in the Delaware Court of Chancery over the termination of the Tesla chief executive's $44 billion acquisition of the company.
Musk, who has countersued, claims Twitter made misrepresentations about the total number of spam and fake accounts on its platform when it accepted his $54.20 per share acquisition offer in April. Twitter maintains that spam and fake accounts make up less than 5% of its users.
Dorsey, who handed over the reins of the company to Parag Agrawal after stepping down as CEO last year, announced his support for Musk's bid in April.
"In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company," Dorsey tweeted at the time. "Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness."
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WASHINGTON, DC - AUGUST 22: Peiter Zatko, who is also known as Mudge poses for a portrait on Monday August 22, 2022 in Washington, DC. He has worked for Google and Twitter. (Photo by Matt McClain/The Washington Post via Getty Images) ((Photo by Matt McClain/The Washington Post via Getty Images) / Getty Images)
More recently, Twitter's former security chief, Peiter "Mudge" Zatko, filed a whistleblower complaint accusing the company of "extreme, egregious deficiencies" related to cybersecurity issues that put the company's users and shareholders and national security at risk.
Reuters contributed to this report.