Jack Dorsey apologizes for growing Twitter 'too fast'

WellThe CEO of Twitter Inc. Jack Dorsey said he regrets growing the company too fast as the social media platform shrinks following its recent sale to Elon Musk.

On Thursday and Friday, Musk laid off more than half of his staff, affecting nearly every team at the company. The cuts, which are expected to include about 3,700 jobs, have fueled questions about whether Twitter will have resources to keep key systems running efficiently, including during Tuesday’s US midterm elections.

Dorsey remains an indirect shareholder in the site after overturning roughly 18 million Twitter shares in Elon Musk’s X Holdings I. He endorsed Musk’s purchase, saying in April when the deal was first announced that the company was “owned” by Wall Street and that taking it private was the “right” first step.

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