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As Elon Musk drags Twitter and its users through more and more turbulence, its founder Jack Dorsey has made a supportive observation from the sidelines.

He posted that “Running Twitter is hard” and “it’s easy to critique the decisions from afar”.

The 46-year-old billionaire left the platform he co-founded in 2006 to launch what he calls a “decentralised” alternative, which looks a lot like Twitter.

But while Dorsey rolls out Bluesky Social and continues to sing the praises of Bitcoin, Twitter users are left at the whim of his former favourite Tweeter.

Here Sky News looks at how Twitter’s founder got to where he is.

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. - Dorsey hosted a town hall meeting with university students on his visit to the Indian capital New Delhi. (Photo by Prakash SINGH / AFP)        (Photo credit should read PRAKASH SINGH/AFP/Getty Images)
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Addressing students at the Indian Institute of Technology

Self-made taxi dispatch developer

Dorsey was born in St Louis, Missouri in 1976. His father developed spectrometers.

By the time he was 14 he’d developed an unusual interest in the software that dispatches taxis.

He went to the University of Missouri-Rolla at 19 and transferred to New York University two years later, but dropped out a semester before he was due to graduate.

Instead he moved to California, where he created his own company to send out taxis, couriers and emergency service vehicles via the internet.

While working as a programmer for the dispatch platform in 2000, he decided he wanted to create a messaging service to update his friends on what he was doing – without having to sit in front of a computer.

He approached a podcasting company called Odeo, where he got a job alongside Christopher ‘Biz’ Stone, Evan Williams and Noah Glass – who would become his Twitter co-founders.

Twitter co-founders Dorsey (left), Biz Stone (second left) and Evan Williams celebrate stock exchange listing with Dick Costolo in 2013
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Twitter co-founders Dorsey (left), Biz Stone (second left) and Evan Williams celebrate stock exchange listing with Dick Costolo in 2013

Although Dorsey had been inspired by instant messaging platforms such as AOL and MSN, he and Stone decided a text-based service would better suit his status-update idea.

In two weeks they’d built a prototype for Twitter.

When Odeo went out of business in 2006, Dorsey returned to the messaging idea and officially launched ‘Twittr’ in March that year, making himself chief executive.

Dorsey in October 2010
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Dorsey in October 2010

Overnight billionaire

Dorsey secured the support of venture capitalists and as celebrities signed up the app grew in popularity.

Two years later, Dorsey moved from chief executive to chairman of the board, reportedly having often left work early to prioritise hobbies such as yoga and fashion design.

When he was younger he briefly dabbled with modelling.

Jack Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun Valley
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Seen in 2016

In 2009 he courted controversy after joining a US State Department trip to Iraq. Designed to rebuild tech hopes there after the fall of Saddam Hussein, the trip itself was fairly uneventful.

But later that year when the Green Revolution happened, Dorsey agreed to reschedule planned maintenance to Twitter’s servers so protesters could still communicate.

It was seen as a breach of policy given President Barack Obama had promised the US would not meddle in Iraq’s affairs. Dorsey went to Russia on another State Department delegation the following year.

Dorsey and President Barack Obama at Twitter's town hall in 2011
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Dorsey and President Barack Obama at Twitter’s town hall in 2011

In 2011 he invited Mr Obama to Twitter’s first ever town hall – where he had to remind him to keep his answers to 140 characters.

Two years later, although it hadn’t been launched with profit in mind, Twitter became a listed company, making Dorsey an overnight billionaire.

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When in 2015 the company’s replacement chief executive Dick Costolo announced his resignation, Dorsey returned as interim – but took up the post on a permanent basis in October.

Meanwhile back in 2010 Dorsey had begun splitting his time between Twitter and a new venture – Square – technology that transformed smartphones and tablets into debit card readers for small businesses.

But as competitors launched rival products, it began to struggle with losses of up to $100million (£79m).

LAS VEGAS, NEVADA - JANUARY 09: Twitter CEO Jack Dorsey speaks during a press event at CES 2019 at the Aria Resort & Casino on January 9, 2019 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 11 and features about 4,500 exhibitors showing off their latest products and services to more than 180,000 attendees. (Photo by David Becker/Getty Images)
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Pictured in 2019

Dorsey rebranded Square ‘Block’ in 2021, in reference to his interest in Blockchain, officially giving himself the job title ‘Block Head’ in 2022.

Back at Twitter in 2016, the 140-character limit was effectively increased by no longer including links or photos in the count. The decision was a bid to attract new users – as the number of daily tweets had fallen globally.

A year later it increased again – doubling to 280 characters.

Tech moving faster than policy

In 2018, Twitter and other social media platforms began having to answer to the US government.

The first time Dorsey testified, alongside then-Facebook chief operating officer Sheryl Sandberg, he was quizzed on interference in the 2016 presidential election.

Hours of questioning saw Dorsey post a picture of his heartrate on Twitter. The platform was also accused of anti-Conservative bias, share prices fell, and the decision was made to ban all political advertising the following year.

Dorsey and Facebook's Sheryl Sandberg give evidence to Congress in 2018
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Dorsey and Facebook’s Sheryl Sandberg give evidence to Congress in 2018

During his time in office, Dorsey met with President Donald Trump, who had expressed concern his followers were being removed.

Dorsey oversaw misinformation warning labels applied to some of Mr Trump’s tweets during his 2020 election campaign and the permanent suspension of his account following the Capitol riots of January 2021.

Mr Trump set up his own platform – Truth Social, while Dorsey stuck by the ban, but also expressed concerns it set a “dangerous precedent”.

He appeared before Congress on two other occasions as Twitter boss – once in October 2020 and again the following month.

Dorsey gives evidence to Congress via videolink in 2020
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Dorsey gives evidence to Congress via videolink in 2020

The first time, in front of the US Senate Commerce Committee, he answered questions alongside Facebook and Google executives about a law that protects tech companies for being prosecuted over content generated on their platforms.

Dorsey said changing it would “collapse how we communicate on the Internet”.

The following month he gave evidence alongside Facebook founder Mark Zuckerberg on how content was moderated around the 2020 election.

When COVID emerged in 2020 the Twitter founder promised to donate $1bn (£0.79bn) of his total wealth to relief programmes.

The following year when the Delta variant hit India, he donated £15m (£11.8m) to support programmes there.

The pandemic scuppered plans he’d announced in 2019 to move to Africa. He said the continent would “define the future (especially the bitcoin one!)”.

Tesla founder Elon Musk
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Elon Musk

Musk takes Twitter

Dorsey and Musk’s relationship predates his ill-fated takeover.

When in 2020 it was reported that one of Twitter’s investors Elliott Management was trying to replace Dorsey as chief executive, Musk tweeted his support, saying he had a “good heart”.

In return, Dorsey said Musk was one of his favourite Twitter users and that his updates “focused on solving existential problems and sharing his thinking openly”.

The founder added that he enjoyed the “ups and downs” of Musk’s use of his site – something he may have later come to regret – to which Musk replied: “Twitter rocks!”

They shared an enthusiasm for cryptocurrencies, with Dorsey describing Bitcoin – or ‘The B Word’ as he calls it – as “direct activism against an… exclusionary financial system”.

In late-2021 Dorsey announced he was leaving Twitter in a staff email posted to his account, claiming he wanted to move the firm away from its “founding and founders”.

Musk, believed to be the wealthiest person in the world, began buying shares in Twitter at the beginning of 2022.

By April he was the biggest shareholder, with a 9.1% stake.

He was invited to join the board of directors – and despite initially turning the role down – then made an unsolicited offer to buy the entire company for $44bn (£34.5bn).

By July, Musk had said he wanted to back out of the deal as Twitter had failed to uphold its promise of cracking down on spambot accounts.

The move triggered legal action against Musk – who just weeks before a trial was due to start in Delaware – gave in and decided to go ahead, closing the deal in November.

Musk began by firing half Twitter’s employees, including the chief executive, which then triggered mass resignations.

After a tumultuous few months in the job, in which he expressed regret for buying the platform, he has made several chaotic changes and given up the job of chief executive.

Twitter and Bluesky logos are seen in this illustration taken November 7, 2022. REUTERS/Dado Ruvic/Illustration
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Twitter and Bluesky logos are seen in this illustration taken November 7, 2022. REUTERS/Dado Ruvic/Illustration


Beginnings of Bluesky

Dorsey, meanwhile has been working on a Twitter successor, Bluesky Social.

He started it in 2019, but soft launched it with a beta version in late-2022.

Having seen Twitter grow at dizzying speed, he is rolling out membership on an invite-only basis.

Bluesky is a “decentralised” platform, which Dorsey hopes will stop the kind of hostile concentration of power we’ve seen with Musk.

He retains a 2.4% stake in Twitter.

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Gail’s backer plots rare move with bid for steak chain Flat Iron

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Gail's backer plots rare move with bid for steak chain Flat Iron

A backer of Gail’s bakeries is in advanced talks to acquire Flat Iron, one of Britain’s fastest-growing steak restaurant chains.

Sky News has learnt that McWin Capital Partners, which specialises in investments across the “food ecosystem”, has teamed up with TriSpan, another private equity investor, to buy a large stake in Flat Iron.

Restaurant industry sources said McWin would probably take the largest economic interest in Flat Iron if the deal completes.

They added that the two buyers were in exclusive discussions, with a deal possible in approximately a month’s time.

The valuation attached to Flat Iron was unclear on Sunday.

Flat Iron launched in 2012 in London’s Shoreditch and now has roughly 20 sites open.

The chain is solidly profitable, with its latest accounts showing underlying profits of £5.7m in the year to the end of August.

It already has private equity backing in the form of Piper, a leading investor in consumer brands, which injected £10m into the business in 2017.

Flat Iron was founded by Charlie Carroll, who retains an interest in it, but the company is now run by former Byron restaurant boss Tom Byng.

Houlihan Lokey, the investment bank, has been advising Flat Iron on the process.

McWin has reportedly been in talks to take full control of Gail’s while TriSpan’s portfolio has included restaurant operators such as the Vietnamese chain Pho and Rosa’s, a Thai food chain.

A spokesman for McWin declined to comment.

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AA owners line up banks to steer path towards £4.5bn exit

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AA owners line up banks to steer path towards £4.5bn exit

The owners of the AA, Britain’s biggest breakdown recovery service, are lining up bankers to steer a path towards a sale or stock market listing next year which could value the company at well over £4bn.

Sky News has learnt that JP Morgan and Rothschild are in pole position to be appointed to conduct a review of the AA’s strategic options following a recovery in its financial and operating performance.

The AA, which has more than 16 million customers, including 3.3 million individual members, is jointly owned by three private equity firms: Towerbrook Capital Partners, Warburg Pincus and Stonepeak.

Insiders said this weekend that any form of corporate transaction involving the AA was not imminent or likely to take place for at least 12 months.

They added that there was no fixed timetable and that a deal might not take place until after 2026.

Nevertheless, the impending appointment of advisers underlines the renewed confidence its shareholders now have in its prospects, with the business having recorded four consecutive years of customer, revenue and earnings growth.

A strategic review of the AA’s options is likely to encompass an outright sale, listing on the public markets or the disposal of a further minority stake.

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Stonepeak invested £450m into the company in a combination of common and preferred equity, in a transaction which completed in July last year.

That deal was undertaken at an enterprise valuation – comprising the AA’s equity and debt – of approximately £4bn, the shareholders said at the time.

Given the company’s growth and the valuation at which Stonepeak invested, any future transaction would be unlikely to take place with a price of less than £4.5bn, according to bankers.

The AA, which has a large insurance division as well as its roadside recovery operations, remains weighed down by a substantial – albeit declining – debt burden.

Its most recent set of financial results disclosed that it had £1.9bn of net debt, which it is gradually paying down as profitability improves.

AA owners over the years

The company has been through a succession of owners during the last 25 years.

In 1999, it was bought by Centrica, the owner of British Gas, for £1.1bn.

It was then sold five years later to CVC Capital Partners and Permira, two buyout firms, for £1.75bn, and sat under the corporate umbrella Acromas alongside Saga for a decade.

The AA listed on the London Stock Exchange in 2014, but its shares endured a miserable run, being taken private nearly seven years later at little more than 15% of its value on flotation.

Under the ownership of Towerbrook and Warburg Pincus, the company embarked on a long-term transformation plan, recruiting a new leadership team in the form of chairman Rick Haythornthwaite – who also chairs NatWest Group – and chief executive Jakob Pfaudler.

For many years, the AA styled itself as “Britain’s fourth emergency service”, competing with fierce rival the RAC for market share in the breakdown recovery sector.

Founded in 1905 by a quartet of driving enthusiasts, the AA passed 100,000 members in 1934, before reaching the one million mark in 1950.

Last year, it attended 3.5 million breakdowns on Britain’s roads, with 2,700 patrols wearing its uniform.

The company also operates the largest driving school business in the UK under the AA and BSM brands.

In the past, it has explored a sale of its insurance arm, which also has millions of customers, at various points but is not actively doing so now.

By recruiting a third major shareholder last, the AA mirrored a deal struck in 2021 by the RAC.

The RAC’s then owners – CVC Capital Partners and the Singaporean state fund GIC – brought the technology-focused private equity firm, Silver Lake, in as another major investor.

A spokesman for the AA declined to comment on Saturday.

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US-EU trade war fears reignite as Europe strikes back at Trump’s threat

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US-EU trade war fears reignite as Europe strikes back at Trump's threat

Fears of a US-EU trade war have been reignited after Europe refused to back down in the face of fresh threats from Donald Trump.

The word tariff has dominated much of the US president’s second term, and he has repeatedly and freely threatened countries with them.

Money blog: Trump sends message to UK on energy bills

This included the so-called “liberation day” last month, where he unleashed tariffs on many of his trade partners.

On Friday, after a period of relative calm which has included striking a deal with the UK, he threatened to impose a 50% tariff on the EU after claiming trade talks with Brussels were “going nowhere”.

The US president has repeatedly taken issue with the EU, going as far as to claim it was created to rip the US off.

However, in the face of the latest hostile rhetoric from Mr Trump’s social media account, the European Commission – which oversees trade for the 27-country bloc – has refused to back down.

EU trade chief Maros Sefcovic said: “EU-US trade is unmatched and must be guided by mutual respect, not threats.

“We stand ready to defend our interests.”

President Donald Trump speaks to reporters after signing executive orders regarding nuclear energy in the Oval Office of the White House, Friday, May 23, 2025, in Washington, as Commerce Secretary Howard Lutnick and Defense Secretary Pete Hegseth listen. (AP Photo/Evan Vucci)
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Donald Trump speaks to reporters in the Oval Office on Friday

Fellow EU leaders and ministers have also held the line after Mr Trump’s comments.

Polish deputy economy minister Michal Baranowski said the tariffs appeared to be a negotiating ploy, with Dutch deputy prime minister Dick Schoof said tariffs “can go up and down”.

French trade minister Laurent Saint-Martin said the latest threats did nothing to help trade talks.

He stressed “de-escalation” was one of the EU’s main aims but warned: “We are ready to respond.”

Mr Sefcovic spoke with US trade representative Jamieson Greer and commerce secretary Howard Lutnick after Mr Trump’s comments.

Mr Trump has previously backed down on a tit-for-tat trade war with China, which saw tariffs soar above 100%.

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US and China end trade war

Sticking points

Talks between the US and EU have stumbled.

In the past week, Washington sent a list of demands to Brussels – including adopting US food safety standards and removing national digital services taxes, people familiar with the talks told Reuters news agency.

In response, the EU reportedly offered a mutually beneficial deal that could include the bloc potentially buying more liquefied natural gas and soybeans from the US, as well as cooperation on issues such as steel overcapacity, which both sides blame on China.

Stocks tumble as Trump grumbles

Major stock indices tumbled after Mr Trump’s comments, which came as he also threatened to slap US tech giant Apple with a 25% tariff.

The president is adamant that he wants the company’s iPhones to be built in America.

The vast majority of its phones are made in China, and the company has also shifted some production to India.

Shares of Apple ended 3% lower and the dollar sank 1% versus the Japanese yen and the euro rose 0.8% against the dollar.

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