'Biggest Regret Is Twitter Became A Company, It Should Be 'A Protocol': Jack Dorsey

On asked about what structure he wished Twitter would operate under, Dorsey stressed it should be "a protocol" and a state or another company should not own Twitter

Twitter co-founder Jack Dorsey

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Twitter co-founder and its former chief executive Jack Dorsey reiterated his stance over the ownership of the social micro-blogging platform Thursday. While responding to a question about whether Twitter turned out the way he had envisioned, Dorsey tweeted, "The biggest issue and my biggest regret is that it became a company." 

The reaction comes amid the ongoing tussle between Tesla chief Elon Musk and Twitter after the billionaire entrepreneur retracted from the $44 billion acquisition citing lack of information on bots.

Dorsey may receive $978 million if the Twitter deal gets through. On asked about what structure he wished Twitter would operate under, Dorsey stressed it should be ‘a protocol" and a state or another company should not own Twitter.

The biggest issue and my biggest regret is that it became a company.

— jack (@jack) August 25, 2022

“A protocol. Def can’t be owned by a state, or company. Becomes clearer every day,” he tweeted.

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, the report added.

Earlier in May after Musk announced takeover of the San Francisco-based company, Dorsey in a Twitter thread said the platform is the closest thing to “global consciousness”. He had expressed similar thoughts saying Twitter has been his biggest regret as a company since it has been owned by the Wall Street and the ad model.

He had then added that taking Twitter back from Wall Street is the first step in the right direction. Dorsey tweeted, “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. 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.”

Meanwhile, former Twitter security chief Peiter Zatko, a whistleblower claimed Jack Dorsey suffered a "drastic loss of focus" in his final year as Twitter CEO, according to the Business Insider report. Dorsey attended meetings "sporadically," was "extremely disengaged" when he did, and sometimes "did not speak a word," according to Zatko, mentioned the report.

Twitter, embroiled in multiple issues, has sued Musk for trying to walk away from the deal. A former executive turned whistleblower has accused Twitter of misleading federal regulators about its security measures to protect against hackers and spam accounts.