Jack Dorsey’s Twitter Departure Hints at Social Media’s Middle Ages


oracle beard and interesting health routines It has made him a sort of cult figure in Silicon Valley, becoming a crypto phenomenon in recent months. Bitcoin fans applauded his resignation Assuming on Monday, she’ll spend her newly discovered free time defending her cases. (A more likely scenario is that he continues to push crypto projects at Square, where he is located. already started to build a decentralized finance business.)

Mr Dorsey did not respond to a request for comment, so I’m not entirely sure what’s behind his exit, but it’s easy to see why he’s been restless on Twitter after being involved for more than 15 years. He cut his teeth during the internet boom of the late 2000s and early 2010s, when co-founding a hot social media app was a pretty big deal. You’ve been invited to fancy conferences, investors showered you with money, and the media heralded you as a disruptive innovator. If you’re lucky, you’ve even been invited to the White House to hang out with President Obama. Social media was changing the world — Konya 2012! The Arab Spring! — and life was good as long as your usage numbers kept moving in the right direction.

Today, running a giant social media company is – apparently – pretty miserable. Sure, you’re rich and famous, but you spend your days running a bloated bureaucracy and being blamed for the collapse of society. Instead of breaking down and innovating, you sit in boring meetings and fly to Washington to have politicians yell at you. The cool kids don’t want to work for you anymore – they’re busy translating NFTs and building DeFi apps on the web3 – and regulators are breathing down your neck.

In many ways, today’s crypto scene has inherited the laid-back, free-floating spirit of the early social media companies. Crypto start-ups raise tons of money, attract massive amounts of hype, and embark on seemingly utopian missions to change the world. The crypto universe is filled with strange geniuses with unusual pedigrees and great risk appetites, and web3, a vision for a decentralized internet built around blockchains, contains a multitude of complex technical problems that engineers love to solve. These factors, and the massive amount of money flowing into crypto, have made it an attractive landing spot for exhausted tech workers and perhaps even CEOs looking to reconnect with their youthful optimism.

“Silicon Valley technology is old guard, distributed crypto is the frontier,” said Naval Ravikant, another crypto supporter and an early Twitter investor. tweeted out this month.

Square, which builds mobile payment systems, has always been the most natural outlet for Mr. Dorsey’s crypto dreams. But he tried to incorporate some of Bitcoin’s principles into Twitter. The company added the Bitcoin tip and added a decentralization project called Bluesky last year, with the goal of creating an open protocol that would allow outside developers to create Twitter-like social networks with different rules and features than the main Twitter app. (Mr Agrawal, who Taking Mr Dorsey’s place On Twitter, he’s been keen on these initiatives, so they probably won’t go away once Mr. Dorsey goes missing.)

A sarcastic commentary on what happened to Mr. Dorsey and his colleagues, that they’re just trying to avoid responsibility – launching themselves into space and lingering in crypto while other people clean up the mess they made at their old job.





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