Jack Dorsey News

Subscribe to enjoy similar stories.Tech companies are rushing to trade their people for more chips. Some of those companies might come to regret the exchange.Microsoft and Meta Platforms are just the latest major tech companies trying to scale back their workforces in the name of artificial intelligence. Meta’s latest plans will cut about 8,000 people from its workforce.

The fear that artificial intelligence will lead to mass layoffs is spreading. Jack Dorsey, the co-founder of the financial technology firm Block, laid off nearly half of its workforce last week. Citing AI’s labour-saving capabilities, he predicted other companies would soon follow suit: “Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.”As an economist, I disagree with Dorsey’s prediction.

South by Southwest festival, Bluesky CEO Jay Graber made a quiet but pointed statement wearing a black T-shirt emblazoned with the Latin phrase “Mundus sine caesaribus” (“a world without Caesars”). The message was a direct clapback at Meta CEO Mark Zuckerberg, who months earlier had sported a similar shirt reading “aut Zuck aut nihil”, a twist on the ancient slogan “aut Caesar aut nihil” (“either a Caesar or nothing”). Graber’s fashion choice wasn’t just a meme; it encapsulated Bluesky’s mission to dismantle the idea of a social media emperor ruling over users. “Our infrastructure shouldn’t be controlled by one CEO,” Bluesky’s Emily Liu told Huffington Post, framing the platform’s decentralized model as a rebellion against Zuckerberg’s—or any billionaire’s dominance.

Jack Dorsey, co-founder of Twitter (now X) and Square (Block), might be none other than Satoshi Nakamoto—the mysterious creator of Bitcoin. This claim, put forward by deBanked’s editor-in-chief Sean Murray, is backed by a long list of intriguing coincidences, cryptographic links, and timeline overlaps.

Subscribe to enjoy similar stories. Internet entrepreneur Ankur Warikoo was always a night person. Until 2015, when he decided to spend more time with his young son.

Looking for a new social media platform

Bluesky, a decentralized microblogging platform, is seeing a surge in users as discontent with Elon Musk’s X grows. Musk’s role in the U.S. government as part of President Donald Trump’s advisory team has raised concerns about how content is moderated on X. Critics argue that the platform has reinstated accounts previously banned for hate speech, undermining trust in its content policies. Bluesky, described by its creators as “social media as it should be,” presents itself as a fresh alternative. It combines the familiar interface of Twitter’s earlier days with a decentralized architecture, offering greater privacy and user control.

Disgruntled X users are once again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022

X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk. What is Bluesky? Championed by former Twitter CEO Jack Dorsey, Bluesky was an invitation-only space until it opened to the public in February. That invite-only period gave the site time to build out moderation tools and other features. The platform resembles Musk's X, with a «discover» feed and a chronological feed for accounts that users follow. Users can send direct messages and pin posts, as well as find «starter packs» that provide a curated list of people and custom feeds to follow. Why is Bluesky growing? Bluesky said in mid-November that its total users surged to 15 million, up from roughly 13 million at the end of October, as some X users look for an alternative platform to post their thoughts and talk to others online. The post-election uptick in users isn't the first time Bluesky has benefited from people leaving X. The platform gained 2.6 million users in the week after X was banned in Brazil in August — 85% of them from Brazil, the company said. About 500,000 new users signed up in one day in October, when X signaled that blocked accounts would be able to see a user's public posts.

Elon Musk’s acquisition of the platform. Conceived as a decentralized alternative to Twitter, Bluesky offers a user-driven experience that mirrors many features of X, drawing a wave of former X users, including celebrities and major organizations, as mentioned in a report by Forbes.

German soccer club St. Pauli is leaving X, saying the social media platform has become a “hate machine” that could influence upcoming German elections

Elon Musk has been the biggest beneficiary of Donald Trump's win in United States' elections, however, his social media platform X is now witnessing an exodus with celebrities and news organisations moving to Twitter founder's Jack Dorsey app. Among the largest beneficiaries of that desire is Bluesky, a rival service that has gained more than 1 million new users in the week since the election, a company spokesperson, Emily Liu, said Tuesday. The majority of the new users live in the United States, Canada and Britain, she added. «We're seeing increased activity levels across all different forms of engagement,» she said in an email.

Social media platform Bluesky has gained 1 million new users in the week since the U.S. election

social media platforms such as Threads or Bluesky, where Portuguese has become the most spoken language in the few days since Elon Musk's X was shut down in the country. «Is anyone there?» asked numerous Brazilian netizens as they made their first tentative forays onto Bluesky, which said it had added more than two million new users since South America's largest nation banned X. Access to the social network formerly known as Twitter was blocked on Saturday amid a standoff between Musk and Brazilian Supreme Court judge Alexandre de Moraes, who has made it his mission to crack down on disinformation.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

X’s self-proclaimed role as a guarantor of free speech means that we should know which outside entities and which foreign governments may be able to exert influence on the company. After Elon Musk formally rebranded Twitter as X in 2023, the names of the shareholders who helped finance the enormous $44 billion acquisition have been made public more than a year later by a federal court order. These names include music mogul Sean Diddy Combs and the founder and former CEO of the social media platform, Jack Dorsey. Also Read :Musk's own AI system creates video of him and Trump committing armed robbery

Jack Dorsey’s Block has sold its first 3-nanometer mining ASICs to Bitcoin miner Core Scientific, according to a July 10 statement.

Block, Inc. (SQ) and Core Scientific (CORZ) have entered into a landmark agreement that will see Core Scientific receive Block’s newly developed 3-nanometer mining ASICs, enhancing Core Scientific’s hashrate by approximately 15 EH/s (exahashes per second).

Bitcoin (BTC), the world’s leading cryptocurrency, continues its bearish trend, remaining below the $68,000 mark and hitting an intraday low of $67,147. Major altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also edged lower, with the Market Fear & Greed Index at 63 (greed).

The latest week was highlighted by positive public sentiment for bitcoin. Wells Fargo (WFC) and JPMorgan Chase (JPM) both reported holdings in spot bitcoin exchange-traded funds, and Twitter co-founder and former CEO Jack Dorsey forecast that bitcoin's price could climb to $1 million by 2030. Meanwhile, crypto analysts are tracking meme coins this week, as the return of famed GameStop retail trader «RoaringKitty» to social media led to a surge in prices over the weekend.

Today, Bitcoin is trading at $60,620, marking a 4% decrease over the last 24 hours. The cryptocurrency’s recent uplift is attributed to dovish economic data from the U.S., hinting at possible Federal Reserve rate cuts.