Jack Dorsey, rueful over the sale of Twitter to Elon Musk, has vacated his seat on the board of Bluesky. He had financed and propelled this social network service into prominence a year prior.
Jack Dorsey Coinage Term ‘Autonomy Innovation’ for X
Dorsey has garnered attention for coining the term “autonomy innovation” to delineate open internet protocols in his recent charitable contributions, particularly for the platform under Musk’s ownership, now rechristened X. Dorsey also included X within this technological category by expressing that enterprises could also construct upon open protocols.
Dorsey has pared down his list of X followers to a mere trio: Musk, Edward Snowden, and Stella Assange, the spouse of the incarcerated WikiLeaks founder. This indicates a noteworthy thawing of relations between Dorsey and X’s proprietor, subsequent to Musk’s acquisition of Twitter through Bluesky a year earlier and its drastic metamorphosis, which Dorsey lamented as “everything going awry.”
No Longer Holding Board Position
Bluesky garnered attention as a decentralized service and protocol network conceived by Jack Dorsey for Twitter. This service was inaugurated with the ambition of actualizing Dorsey’s vision of an unrestrained communication platform, open to all enthusiasts in February.
In its early days, it attracted a lot of people who were looking for a break from the chaos on Twitter following Elon Musk’s takeover of the social media network. But ever since Threads from Meta Platforms Inc. emerged, it has been eclipsed. In response to a question regarding his current position on the Bluesky board, Dorsey said, “none.”. “.
JACK Dorsey’s Company Implements New Bitcoin Initiative:
To increase its Bitcoin (BTC) reserves, Block, Jack Dorsey’s payment company, has launched a dollar-cost averaging (DCA) program. As a result, the company started setting aside 10% of its monthly net profit in April to purchase Bitcoin, indicating that it plans to continue this initiative for the duration of 2024.
With this initiative, Block’s $80 million gross profit from the first quarter could add $24 million worth of Bitcoin to the company’s balance sheet. With this move, the company hopes to strengthen its Bitcoin reserves and increase its market share in the cryptocurrency space.