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jack dorsey

Dorsey’s reaction to Zuckerberg’s Threads follow request goes viral

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Dorsey's reaction to Zuckerberg's Threads follow request goes viral

Jack Dorsey, the former CEO of Twitter, has been critical of Meta’s Threads social network. Dorsey created an account on Threads, despite his criticism. Zuckerberg sent Dorsey a “follow” request on Threads. Jack Dorsey, the former CEO of Twitter, has been vocal about his criticism of Meta’s recently launched social network, Threads, which he previously … Read more

Elon Musk to resign as Twitter CEO when replacement found

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twitter

A blue tick was previously used as a free symbol of authenticity. Over the past year, Tesla shares have fallen more than 65%. Musk will leave the position of CEO when suitable replacement found. Elon Musk has stated that he will step down as Twitter’s CEO if he finds someone “foolish enough to take the … Read more

Jack Dorsey says his regret is Twitter turned into an organization

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Dorsey

Twitter (TWTR.N) pioneer and previous CEO . Jack Dorsey tweeted Thursday that he laments. Virtual entertainment stage turned into an organization. Jack Dorsey stands to get $978 million if the arrangement for tycoon Elon Musk to purchase Twitter is finished. “The biggest issue and my biggest regret is that it became a company,” Dorsey tweeted … Read more

US judge tosses Trump suit over Twitter ban

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US

A federal judge in California dismissed a lawsuit filed by former US President Donald Trump seeking to reactivate his suspended Twitter account. The suit’s claim that Twitter “censored” Trump in violation of his free speech rights was weak, according to the judge, because the First Amendment prohibits government organisations, not private firms, from interfering with … Read more

Elon Musk may fire Twitter’s ‘chief censor,’ who earns $17 million each year

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Musk

If Elon Musk completes his purchase of Twitter, the company’s chief counsel, who is widely regarded as the social network’s main advocate for silencing conservatives, would be among the highly compensated employees who will lose their jobs. Vijaya Gadde, Twitter’s chief legal counsel, who earned $17 million last year, might be on the chopping block … Read more

Which Elon Musk’s Twitter ‘free speech’ promises left?

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Elon Musk

Thursday morning, Elon Musk presented to shop for Twitter to keep unfastened speech. “I invested in Twitter as I consider in its capacity to be the platform without spending a dime speech around the globe, and I trust free speech is a societal vital for a functioning democracy,” wrote the Tesla and SpaceX billionaire — … Read more

Twitter founder points to blockchain future with Square rebrand

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Twitter founder

LONDON: Just days after stepping down from his role as CEO of Twitter, Jack Dorsey is ringing the changes at Square, the other major company he founded, which has changed its name to Block, Arab News reported. While Dorsey is a renowned crypto enthusiast, the rebrand is not all about the blockchain, according to the company: “The … Read more

Jack Dorsey steps down as Twitter CEO

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Jack Dorsey

Twitter co-founder Jack Dorsey announced Monday he was stepping down as the social media network’s CEO, over a year after he survived a bid to oust him by an activist investor. Dorsey, who also is chief executive of payments company Square, came under pressure in 2020 from Elliott Management amid concerns he had spread himself … Read more

Twitter reportedly working on a Bitcoin tipping feature

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Twitter

Twitter has reportedly launched a Bitcoin tipping in a limited beta release. Twitter users may be able to tip each other using Bitcoin in the near future.

Whereas Twitter is yet to officially publicize the feature, MacRumors has reported that it has been contained within a limited beta release.

Distinctly, mobile developer Alessandro Paluzzi also leaked a picture of what looks like a feature letting users “receive tips in Bitcoin.” The beta release has reportedly been made available to a partial number of users so far.

Bitcoin tipping may be added to the “Tip Jar” service Twitter launched earlier this year. Presently, Tip Jar lets users join their Twitter profiles to payments services like Square’s Cash App, Patreon, PayPal, and Venmo to support content creators.

The Lightning Network, a Layer Two payment protocol based on the Bitcoin blockchain, would be used for the feature, as per the screenshot. Micropayments on Bitcoin are commonly made with Lightning.

It uses state channels to allow quicker Bitcoin payments with lesser fees than the main Bitcoin network. Instead of downloading the full Bitcoin customer bulge, Lightning supports light clients for rapid syncing.

CEO Jack Dorsey, founder of Twitter is known for his interest in Bitcoin. He has defined it as the best entrant for the “native currency” of the Internet in the past.

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Busta Rhymes is owning Bitcoin and wants to be paid in it

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Busta Rhymes

Busta Rhymes an American rapper is seeking to get paid in (BTC) bitcoin. He posted a tweet, asking his fans about their favorite coins and which coins are best for investments. He gets lots of suggestions about the coins.

For the rapper, the information is not enough for him and he becomes more curious. After seeing the curiousness of the rapper about BTC, Bitcoin maximalist and Twitter CEO Jack Dorsey pointed the rapper to a website containing a black host, and then Michael Saylor of MicroStrategy drag the attention of the rapper to his own information hub; Bitcoin is Hope.

The rapper posted in which he shows gratitude for the help and constantly posting about cryptocurrency asking more about the crypto market fluctuation, and how cryptocurrencies get their rate.

He became more curious about it that why cryptocurrencies are not taught in the schools so that the children can be more aware of them.

Finally, after researching about crypto, he tweeted that he was sold out on Bitcoin, but this did not stop here, he is now looking to invest in (ETH) Ethereum. After seeing the B-Word conference, which included Jack Dorsey, Elon Musk, and Cathie Wood.

A tweet was posted by Rhymes in which he was researching about accepting payment in BTC. He elaborates that he was thinking about getting paid in BTC for his shows, and also for business dealings.

After watching the B-Word conference he now holds bitcoin. Rhymes posted on Twitter.

Accepting Bitcoin as payment for services is no longer a new thing for celebrities. The transfer of football sensation Lionel Messi to PSG included a portion of the player’s earnings being paid in cryptocurrency.

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Bitcoin Prices Fall, Tesla and Square are Counting their Losses

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bitcoin

Some businesses that invested in bitcoin have reported losses as the cryptocurrency’s price has fallen, yet many others have profited.

During the BTC 2021 conference in Miami, Jack Dorsey, co-founder, and CEO of Twitter Inc. and Square Inc. participated.

Square announced late Sunday that its bitcoin-related investments cost the company $45 million in operating profits in the second quarter. That’s more than double the amount of money it lost in the first quarter.

In February, the digital payments firm said that it has purchased $170 million in BTC, doubling its previous buy from October 2020. As of the end of 2020, that accounted for roughly 5% of the company’s total assets. Square made the statement in its earnings report on Sunday, which was disclosed earlier than expected to coincide with the company’s $29 billion acquisition of Australian financial tech business Afterpay.

As bitcoin becomes more mainstream, businesses are increasingly embracing it. The world’s largest digital coin, however, had a difficult second quarter. BTC reached a high of $63,000 in April before plummeting to around $30,000 in early July. On Monday, Bitcoin was trading slightly around $39,000.

In its most recent quarter, Tesla, for example, reported a $23 million bitcoin-related impairment, according to the company’s second-quarter financial report released late last month.

This quarter, Square said it observed “significant year-over-year growth in bitcoin revenue.” BTC revenue reached $2.72 billion, a threefold increase year over year. Bitcoin’s gross profit was $55 million at the same time. This amounts to about 2% of bitcoin revenue.

The firm’s gross profit grew by 91 percent year over year, setting a new quarterly high. For the quarter, net sales excluding bitcoin were $1.96 billion, up 87 percent year over year.

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Bitcoin will be a key part of Twitter’s future, according to Jack Dorsey

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Bitcoin

Over the last few years, Twitter CEO Jack Dorsey has been a big supporter of Bitcoin. He and Jay Z just formed a Bitcoin fund. In a recent development, Dorsey stated that Bitcoin, together with decentralization (In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity) and artificial intelligence, will be the future of the company.

If the internet had a native currency, he claims, products like subscription, Commerce, Tip Jar, and Super Follows will be able to move faster.

“I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentives. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it” he said.

Dorsey stated on Twitter’s second-quarter earnings call that Bitcoin is the greatest asset to become the internet currency and that once this is established, the company would be able to expand its product line more quickly.

This is the first time Dorsey has openly discussed Bitcoin integration into Twitter’s products, according to a Twitter spokesperson.

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Square to Make a Hardware Wallet for Bitcoin

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Square is Going to Make a Hardware Wallet for Bitcoin

Square is going to make a hardware wallet for bitcoin, the company’s hardware lead, Jesse Dorogusker, announced on Thursday. CEO Jack Dorsey, who is also the CEO of Twitter, said in June that the company was going to make one. And now Square has made the decision to move forward. “We have decided to build … Read more

US election 2020: Facebook and Twitter CEOs to testify before Congress

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Facebook Twitter CEOs

The Senate Judiciary Committee has agreed to see the CEOs of Facebook and Twitter testify voluntarily in November.  The agreement comes shortly after Republicans on the Senate Judiciary Committee voted to authorize subpoenas for Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey to testify about their handling of November’s Presidential election.  According to the … Read more

Twitter Chief pledges to donate $1bn to aid eliminating COVID 19

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Jack Dorsey

The Chief Executive of Micro Blogging Site Twitter Jack Dorsey has pledged to donate $1bn (£800m) to fund coronavirus research to help eliminate the virus. On his official twitter handle, I’m moving $1B of my Square equity (~28% of my wealth) to startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the … Read more

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