Twitter co-founder Jack Dorsey voiced his support for Elon Musk after the SpaceX CEO struck a $44 billion deal Monday to buy the company.

Dorsey, who stepped down as CEO of Twitter last year but remains a member of the company's board of directors, hailed Musk as the "singular solution I trust" to take the platform "back from Wall Street."

"Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step," Dorsey wrote in a series of tweets. "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. "

JACK DORSEY SAYS TWITTER BOARD HAS ALWAYS BEEN 'DYSFUNCTION OF THE COMPANY'

Dorsey, CEO of Block, Inc., a financial services company he co-founded, has previously blamed Twitter's board for fomenting dysfunction within the social media giant.


Dorsey also expressed his support for Musk's stated goal of creating a platform that is "maximally trusted and broadly inclusive" and thanked the entrepreneur alongside Twitter CEO Parag Agrawal for "getting the company out of an impossible situation."

"I’m so happy Twitter will continue to serve the public conversation," Dorsey tweeted.

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Both Agrawal and Dorsey are set to receive a massive paycheck from Monday's deal. Dorsey, who owns 2.4% of the company, is set to receive a payout of $978 million should the deal be closed, according to the Hollywood Reporter. If Musk decides to install a new management team, Agrawal would likely be entitled to $38.7 million if his employment is terminated.