Twitter as a company has always been my sole issue and my biggest regret-Jack Dorsey

Jack Dorsey, the founder of Twitter, has explained why the microblogging service was sold to billionaire Elon Musk.o

Musk and Twitter agreed to buy one other for $44 billion on Monday night.

The 50-year-old paid $54.20 per share for the company, which was the same price he offered on April 14.

When asked why he is selling Twitter, Jack stated that Elon Musk is the only way to achieve Twitter's goal of being run for the public benefit.

He believes in Elon's ambition of building a platform that is "maximally trusted and broadly inclusive," according to him.

His tweets read, “I love Twitter. Twitter is the closest thing we have to global consciousness. The idea and service is all that matters to me, and I will do whatever it takes to protect both. 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.

"I don't believe anyone should own or run Twitter in principle." On a protocol level, it aspires to be a public good rather than a corporation. However, when it comes to the problem of it being a firm, Elon is the only person I trust. I have faith in his aim to spread consciousness.

"Elon Musk's goal of building a platform that is "maximally trusted and broadly inclusive" is a good one. This is also the purpose of @paraga, which is why I chose him.

"I appreciate both of you helping the company get out of a difficult circumstance. This is the way to go...  believe it wholeheartedly.

Twitter will continue to serve the public conversation, according to Jack.