The Musk-Twitter saga took a break over the Easter weekend.
We finally got to hear from Jack Dorsey, the co-founder and ex-CEO, who weighed in on the issue with some non-direct tweets.
Some of them were directed toward the company's board, and how it has operated over the years, and some of them talked about the potential decentralization of social media.
There is some similarity in the vision of the Bitcoin Evangelist and Musk. Let them see how their visions compare.
In the last few weeks, Musk has been very vocal about the issues with the platform. He was close to joining the company's board, but decided against it.
He argued that the company should be taken private in order to make needed changes.
The board members and their percentage ownership of the company were listed on the weekend by Musk. The board might not benefit the social network or shareholders if they own a negligent amount of shares.
Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.
— Elon Musk (@elonmusk) April 16, 2022
The company's board had a less direct criticism from Dorsey. He responded positively to a quote about bad boards. In the same thread, he said that the board of the firm has been a problem for years.
big facts
— jack⚡️ (@jack) April 17, 2022
it’s consistently been the dysfunction of the company
— jack⚡️ (@jack) April 17, 2022
no
— jack⚡️ (@jack) April 17, 2022
The co-founder was fired from the CEO post. He enjoyed a longer tenure after returning in 2015. When he quit as CEO, it was speculated that he had a hand in it.
Maybe we will see more about the board once he retires from it.
Last week, Musk said he wants to put the code on Github so there is more transparency about what the company does.
This doesn't solve the problem of moderation or hate speech, as there are different rules in different countries. It is hard for an algorithm to evaluate complex scenarios when humans make moderation-based decisions.
While he agreed with some of Musk's criticism of social media, he had a different take on it.
He admitted that he was involved in the centralization of the internet.
the days of usenet, irc, the web…even email (w PGP)…were amazing. centralizing discovery and identity into corporations really damaged the internet.
I realize I'm partially to blame, and regret it.
— jack⚡️ (@jack) April 2, 2022
The co-founder of Square has been a big advocate of giving users more control over their content discovery.
Bluesky is a new undertaking that he announced when he was the CEO of Twitter.
Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵
— jack⚡️ (@jack) December 11, 2019
The project is funded by the social network and aims to build an open protocol for social media that can solve problems like centralized enforcement of content takedown policy and promoting content that sparks controversy.
He responded to a message that pointed out that he had been wanting to do that. The feature that lets you switch to a reverse-chronological timeline is one of the reasons why it is the only large social media service that allows people to turn off the algorithm.
yep
— jack⚡️ (@jack) April 15, 2022
People were removed from social media platforms. He acknowledged that permanent bans are not a good idea for a social media company. Decentralized protocols could bring solutions to deplatforming.
as I said in a thread on the event, I believe all permanent bans are a failure of the company. But likely right decision for the the company. Wrong for technology underlying the service. Hence @bluesky
— jack⚡️ (@jack) April 16, 2022
He supported Vitalik Buterin's view that wealthy individuals shouldn't own social media firms.
same
— jack⚡️ (@jack) April 16, 2022
I’m don’t believe any individual or institutions should own social media, or more generally media companies. It should be an open and verifiable protocol. Everything is a step toward that.
— jack⚡️ (@jack) April 16, 2022
The current direction of the company is being criticized by Dorsey, who is still on the board. He might not agree with the vision of the man, but he is not thinking in a different direction.
Both of these tech people criticized Web3's vision last year. I hope they get together for a live discussion about the social network. Make it happen.
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