In his Twitter biography he defines himself as a romantic fool and a bit hippy. He feels comfortable with that role, although he is not a fool. He is known for conceiving and founding Twitter, and since Elon Musk announced his investment in it, he has not stopped harshly criticizing the board.
Through ambiguous answers from his own Twitter account and avoiding giving his opinion directly, jack dorsey It has been showing little by little everything that has been done wrong until reaching the situation in which a third party had to buy the company to “liberate” it.
Once the agreement is closed, Jack Dorsey celebrated the news:
“The concept and service that Twitter offers is all that matters to me, and I will do whatever it takes to protect them both. Twitter as a company has always been my only problem and my only regret. It has been ruled by Wall Street and by the model of ad revenue. Getting it back from their clutches is the first step in the right direction.”
jack dorsey
But why does the creator of Twitter celebrate that the company is no longer in the hands of Wall Street to end up in the hands of a single millionaire?
Dorsey believes that no one should own Twitter, but rather a public protocol. But being a company, the only solution he trusted was for Elon Musk to take control away from the board. “It is the only viable solution that I trusted: I support your mission to spread through Twitter the light of consciousness.”
Jack Dorsey did not conceive Twitter to be what it is now
Dorsey remained on Twitter’s board despite resigning from his CEO position in November, so he can’t directly criticize the company. However, through hints he has gone to who and why they have “massacreed” his son, as he himself made it understood by sharing a GIF of a scene from The Godfather in which Vito Corleone mourns the death of his murdered son.
When he created Twitter, his purpose was not yet clear, although he conceived it as a public place for instant communication. Ways were soon devised to try to make the company profitable, and it was decided to bet on advertising. He went public, and his vision was eclipsed. “Good management doesn’t create good companies, but bad management kills any company.” In 2008 they ousted him from his role as CEO, made him a board member and stripped him of nearly all of his shares, he has acknowledged on Twitter.
“Being a public company, Twitter has always been for sale, and that has always been the problem,” he said. For the entrepreneur, Twitter should not be controlled by any individual or institution, and it should be an open and verifiable protocol. Something similar to how bitcoin works on the blockchain. “All I tried at the helm of Twitter was try to take her in that direction,” he said in another tweet. But of course, what the board wanted was to increase the number of monthly active users and advertising revenue, which is what interests the shareholders. Although, to tell the truth, with quite a bit of success compared to its rivals Facebook, Snap or TikTok. Twitter’s share value has not appreciated since its IPO and Meta’s has increased by more than 400%.
Creating an alternative is difficult because of network effects. If everything happens on Twitter, people want to be on Twitter. That is why not even the staunchest conservatives to Donald Trump emigrate to the failed clone social network of him.
Elon Musk was the only man in the world who, in addition to share your visionHe had enough money to do it.
Tyrants and oligarchies
In Ancient Greece, after the appearance of the polis, self-governing city-states, the figure of the tyrant began to gain much importance. Now the term has pejorative connotations, but at that time had positive connotations, because he was a person who took power by force in an illegitimate way but with the support of the people. The one who legitimately held power was the aristocracy, but his only merit was being the son of a certain family, and they usually took advantage of his position for his own benefit.
Many tyrants were loved and very popular among the citizens of the polis (to the point that some were counted in the list of the seven wise men of Greece), although their way of coming to power and keeping it were also criticized by the previous occupants of power. : the aristocracy.
We can establish a certain relationship between those concepts, and the different arguments for or against Elon Musk. On the one hand it is dangerous for a single person to control something as important as Twitter, but on the other hand it was indisputable that the social network was in the hands of an incompetent manager that he didn’t even use the service or own shares in the company.
It is here that someone seizes power by force. In this case, with tickets in hand.
Once control of the company was regained, Jack Dorsey Hopes Elon Musk Continues the Path He’s Always Wanted Twitter to Take.
Twitter as a decentralized protocol
Dorsey routinely recalls how great the days of the original web and protocols like email and RSS were. “Centralizing the discovery and identity of every part of the internet in corporations has damaged the internet, and I feel partially responsible for it, which I regret,” she said.
For the entrepreneur, the great failure of society with the modern internet was not to focus first on the protocols and then improve the interface; but he recognizes that the possibilities to monetize work on the internet were very limited back then and that is why everyone started selling advertising.
That has changed with technologies like blockchain and the viability of the subscription models that we see in Spotify, Netflix or Substack. Before resigning from his position due to the obstacles that the sleepy management constantly put in place, Jack Dorsey made sure to create an independent company financed by Twitter to create Bluesky.
Bluesky is a project to create a public, transparent, open source and verifiable communication protocol on which social networks like Twitter could be built. This has several advantages: on the one hand, you transfer the need to moderate or make the option of censoring content optional. Each company can use the protocol as it wishes, and Twitter could be one more operating on it.
This solution could be seen favorably by Elon Musk if it is true that he has the purpose of unleash the potential of twitter: Freedom of expression would be maintained, and you also allow alternatives to exist with stricter content moderation standards.
As a business decision it could also work. You can sell access and technical support to use this protocol to a multitude of companies, and it would generate a market in which many actors could innovate and make proposals on the concept on which Twitter is based. This used to be impossible, but now it is not.
Whatever happens, Jack Dorsey is “very happy that twitter will continue to serve the public conversation. All over the world and to the stars! », He tweeted.