Former Twitter owner, Jack Dorsey launches new social media company days after Elon Musk acquires Twitter for N19.2trn ($44bn) ‣ Star Potter

Former Twitter owner, Jack Dorsey launches new social media company days after Elon Musk acquires Twitter for N19.2trn ($44bn) ‣ Star Potter

Twitter founder Jack Dorsey has announced that he will be launching a new social networking app called BlueSky Social.

This comes just a week after billionaire businessman Elon Musk picked up Twitter in a long-running deal worth N19.2 trillion $44 billion.

Dorsey’s blockchain company, Bluesky social, has announced that it is currently recruiting users for its beta testing.

According to the company’s representatives, the announcement enticed about 30,000 users to sign up within two days.

BlueSky claims that it will allow users to switch between a number of social platforms with just one high-quality browser in its app. This allows users to control what they see and how much data is provided to social platforms (algorithmic choice).

According to reports, the company could use web3 to achieve this feat in the network.

In addition, BlueSky promises its users that AT Protocol will ensure anonymity for unexplained collaborations that possess a person’s online identity. However, accounts can be moved from one provider to another without any loss of data or social charts.

Dorsey stated in 2019 that Twitter is turning into an open and decentralized social media standard.

Leaked private text messages between Dorsey and Elon Musk months ago revealed that Dorsey told Must that a new platform is needed and that it cannot be a business. .

Dorsey co-founded Twitter 17 years ago and was briefly its CEO, returning as CEO from 2015 to 2021 when he stepped down.

Meanwhile, Elon Musk has dissolved Twitter’s board of directors.

The move was announced in a document filed by the company with the U.S. Security and Exchange Commission, Business Insider reports.

Recall that in the early hours of Thursday, October 28, 2022, Elon Musk tweeted “the bird is freed,” in a clear reference to the closing of the deal.

A number of top executives, including the boss, Parag Agrawal, the Chief Financial Officer, Ned Segal; Chief Legal Officer, Vijaya Gadde; and general counsel Sean Edgett, were also fired the same day.

The statement published read in part: “On October 27, 2022 and as a result of the completion of the Merger, Mr. Musk became the sole director of Twitter.

“Consistent with the terms of the Merger Agreement, effective as of the effective date of the Merger, the following persons, who were directors of Twitter prior to the effective time of the Merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal , Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.”

Since Musk announced on Thursday it had officially taken over the reins of Twitter, the billionaire has made changes to the company.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *