The secret brain trust behind Musk’s takeover of Twitter

The secret brain trust behind Musk’s takeover of Twitter

A loose group of libertarian-leaning activists and businesspeople pushed Elon Musk to launch his $44 billion takeover on Twitter, according to a new report

A loose group of libertarian-leaning activists and businesspeople pushed Elon Musk to launch his $44 billion takeover on Twitter, according to a new report.

Perhaps more importantly, Twitter co-founder Jack Dorsey has been “whispering” in Musk’s ear for some time that the company should be privately owned and run, sources told The Wall. StreetJournal.

Dorsey, who abruptly resigned as Twitter CEO in November but remained on the company’s board, grew so close to Musk that he sometimes seemed to be “spaced out” in meetings because two men were messaging during the workday, a former Twitter executive told the outlet.

Meanwhile, a close-knit group of Musk’s closest friends and confidants have reportedly urged the world’s richest man to use his fortune to assert control of Twitter, one of the most important platforms for the world. public speech.

A loose group of libertarian-leaning activists and businesspeople pushed Elon Musk to launch his $44 billion takeover on Twitter, according to a new report

A loose group of libertarian-leaning activists and businesspeople pushed Elon Musk to launch his $44 billion takeover on Twitter, according to a new report

Twitter co-founder Jack Dorsey has for some time

Musk's brother Kimbal, who is a Tesla board member

Twitter co-founder Jack Dorsey ‘whispers’ in Musk’s ear that the company should be taken private, while Kimbal Musk (right) also urged his brother to buy the company, according to a new report.

Worried about Twitter’s increasingly draconian crackdowns and bans, which often seemed politically inclined to punish conservatives, this group reportedly used its influence with Musk to convince him to take dramatic action.

The informal “brain trust” is believed to include investor Peter Thiel and entrepreneur David Sacks – members of the so-called PayPal mafia who helped found the payments startup with Musk in the late 1990s.

Venture capitalist Steve Jurvetson, an early Tesla investor who once served on that company’s board, was also part of the executive, people familiar with the matter said.

The sources also named Musk’s brother, Kimbal, who is a Tesla board member.

Musk’s top lieutenant, Jared Birchall, was also reportedly a key adviser in the buyout deal.

The new report reveals how distressed Musk was when Twitter banned former President Donald Trump following the US Capitol riot.

Pierre Thiel

David Sacks

The informal ‘brain trust’ is believed to include investor Peter Thiel (left) and entrepreneur David Sacks (right) – members of the so-called PayPal mafia

Venture capitalist Steve Jurvetson, an early Tesla investor who once served on that company's board, was also part of the executive, people familiar with the matter said.

Venture capitalist Steve Jurvetson, an early Tesla investor who once served on that company’s board, was also part of the executive, people familiar with the matter said.

Musk's top lieutenant, Jared Birchall, was also reportedly a key adviser during the takeover.

Musk’s top lieutenant, Jared Birchall, was also reportedly a key adviser during the takeover.

Birchall, in a text message to an associate, described his boss’ views as follows: ‘He vehemently disagrees with censorship. Especially for a sitting president. Mad.’

Musk has not publicly revealed whether he would allow Trump to return to Twitter once he takes control, but said he opposes most permanent bans on the platform. Trump himself claims he wouldn’t return even if invited.

Musk appears to have been pushed into action after Twitter temporarily suspended the account of Babylon Bee, a conservative satire site, in March.

The Bee had in a tweet mockingly congratulated a transgender woman in the Biden administration as “Man of the Year.”

Musk called Babylon Bee CEO Seth Dillon and asked if that tweet was the reason for the suspension. When Dillon claimed that was the case, Musk reportedly thought he “might need to buy Twitter.”

On April 13, the day before his hostile takeover was first published, Musk reportedly had dinner in Vancouver with a small group, including Jurvetson and TED chief Chris Anderson.

Although his 9.6% stake in Twitter was already well known by then, Musk seemed uninterested in discussing his plans for the company and instead asked dinner guests to share their theories on the meaning. of life, said a participant in the Journal.

A person walks past the Twitter headquarters on April 26, 2022 in downtown San Francisco

A person walks past the Twitter headquarters on April 26, 2022 in downtown San Francisco

Former Twitter executives told the Journals they became aware of Dorsey’s budding friendship with Musk in 2020.

Dorsey appears to have grown frustrated with Twitter’s increasingly stringent moderation policies and reportedly promoted the idea that the company should be kept private in conversations with Musk.

While it’s unclear to what extent, if any, Dorsey communicated with Musk as his takeover bid progressed, the Twitter co-founder made it clear publicly that he approved of the decision after signing an agreement.

“Elon is the singular solution I trust,” Dorsey tweeted on April 25, the day Twitter accepted Musk’s offer. “I trust his mission to expand the light of consciousness.”

If Musk is successful with his takeover bid, Dorsey stands to walk away with nearly $1 billion for his Twitter stake.

Meanwhile, in an emergency meeting on Friday, Twitter employees denounced Musk’s deal to acquire the company for $44 billion, accusing the world’s richest man of bigotry and raising concern potential job cuts once the deal is done.

Staffers at the “impromptu” general meeting asked angry questions of leaders, including CEO Parag Agrawal, who was described as looking tired and annoyed at times, according to Insider.

Reached by DailyMail.com on Saturday morning, a Twitter spokeswoman declined to comment on the encounter.

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