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23.12 - 21:39
Jack Dorsey’s ditched Twitter for bitcoin. Has the social media bubble burst?
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theguardian.comJack Dorsey is resigning from Twitter to spend more time with his other company, Square. In some ways, the choice between Twitter and Square is a straight choice between political clout and profit. Square, a payments platform co-founded by Dorsey in 2009, is worth almost three times Twitter’s current value at about $97bn (£73bn). But Square will never be credited with the equivalent of the “Twitter revolution”, or make headlines by banning a former president.
Venture capital is pouring money into cryptocurrencies and payment platforms. Twitter, by contrast, having only started to become profitable since 2018, has always been more notable for its political impact than its commercial pull. However, Twitter, like the wider social industry of
Read more on theguardian.comAbout this in other media
Web3 Technology, Twitter: Ex-Twitter Boss Jack Dorsey Stirs Uproar With Post On Web3 ndtv.com /2 years ago
'You don't own Web 3.0,' says Jack Dorsey, criticizing its centralized nature cointelegraph.com /2 years ago
VCs Fight Back as Jack Dorsey, Elon Musk Attack ‘Web3’ Narrative cryptonews.com /2 years ago
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