If Jack Dorsey & Elon Musk (who are friends) merely wanted to run a MAGA site full of fascists, they could have just bought Parler & saved themselves approx 43.999 billion dollars.

What they wanted was to cripple the sad remnants of investigative journalism, and the political left, which successfully used Twitter for political organizing, activism & messaging throughout the Trump regime.

Why would anyone who cares about either of these things go to Jack's #Bluesky project.

Amid rumors he was being forced out as Twitter CEO (for the 2nd time), Dorsey reached out to Musk, & together they planned his takeover, which Dorsey backed to the tune of $1 billion in shares. Jack said he planned this exit starting in 2020, which is also when he started publicly making friends with Musk.

He is one of the biggest owners of Twitter.

As Dave Troy noted in Oct 2022: They're collaborators, not competitors.

https://progressives.social/@chargrille/110649546742614799

Erin Conroy (@[email protected])

Attached: 4 images @[email protected] June 11, 2022: Jack: "Twitter Inc could also use [Bluesky] as foundation." "According to the filing, Dorsey and Musk “may be deemed to have formed a group” for the purposes of part of the filing, a designation that indicates the pair were working together on the buyout." Oct. 18, 2022: Q: You've talked about a protocol for Twitter...is this along those lines? jack @jack: yes https://www.ft.com/content/f65414c4-f3e4-4bff-9af0-4960f922ce1d

Mastodon progressives
@chargrille Dorsey rolled over his shares to Musk, so the approx 2.4% he held of Old Twitter is still 2.4% of Musk's Twitter. A few others, like Oracle's Larry Ellison, did the same - but Ellison baulked at adding extra funding. All of this according to Fortune.
@OutOnTheMoors Pretty hilarious after Ellison's offhand "yeah, i'll get you whatever you want, $1 billion or whatever" text to Musk in spring 2022. (I'm paraphrasing, not his exact words)
@chargrille These guys are something else. They treat amounts of money that could change the lives of entire communities like marbles being traded on the playground
@OutOnTheMoors Of entire nations, in some cases. $1 billion is a huge amount of money for a small island nation under the gun from climate crisis.
@chargrille @OutOnTheMoors also extra funny that Jack's probably down bare minimum $800m on that $1bn.
@SpeedflyChris @chargrille That's why he's *publicly* peeved with Musk. (However, he made much more than that from last year's bitcoin crash 😂)
Dorsey's a low-rent billionaire too keen on working the shady side of the street to realise how much more can be made by legally exploiting the system.