It is sometimes said that these companies are facing a social media midlife crisis. Twitter, for example, became the megaphone of choice for Donald Trump before later banning him, and is having to wrestle with hate speech as a global issue. Platforms like Twitter, Facebook and YouTube are increasingly burdened by political controversy and complex issues such as disinformation, privacy breaches and hate speech. In the case of Twitter, there is also the social-media dimension. It all seems to signify mega-tech founders becoming dissatisfied with the monotonous management of their most famous companies and looking for something more. Like Dorsey, Bezos and Musk both run two companies in Amazon/Blue Origin and Tesla/SpaceX respectively, as well as seeking different forms of excitement and adventure, with Bezos’ efforts to reach space orbit and Musk sending a Tesla Roadster sports car into space. I sense a similarity here between Dorsey and other digital moguls such as Jeff Bezos and, once again, Musk. Notably, Twitter’s share price shot up with the announcement, only to be pulled down with the rest of the market as it worries about the Covid-19 Omicron variant. Wall Street investors have criticised Dorsey’s outside interests, which include running payments giant Square, which he founded during his last Twitter exile, as well as pursuing futuristic projects centred around decentralising (meaning removing traditional corporate control from) the internet and finance. For more than a year, he has been under intense pressure from activist investors to accelerate Twitter’s development and improve its financial performance. So what does it all add up to? Midlife crisisĭorsey’s move was not entirely unexpected. In the ensuing tweetstorm, after he then put the news on Twitter, he insisted it had been his decision.
#Jay z on to the next one not on youtube free
I resigned from Twitter /G5tUkSSxkl- jack⚡️ November 29, 2021Īccording to the email sent to Twitter staff in which he announced his latest resignation, he thinks the firm should “stand on its own, free of its founder’s influence or direction”. This is not Dorsey’s first resignation letter to Twitter – he was forced out of the CEO chair in 2008 only to return as executive chairman three years later – and no one can say for sure if it will be the last. You could imagine him sitting back to soak up the theatre of reaction and speculation that unfolded. It reminded me very much of Elon Musk’s entertaining tweet adventures, as Dorsey tossed his resignation letter onto the social media platform that he co-founded. When Jack Dorsey made the sudden public announcement that he had quit as chief executive of Twitter, it was only ever going to have happened in one place – Twitter itself.
#Jay z on to the next one not on youtube drivers