Jack Dorsey

Twitter CEO Jack Dorsey is selling his first tweet as an NFT – a nonfungible cryptographic token. As of Saturday, 3 am PT, the highest bid stands at $500000.

Square, Jack Dorsey’s digital payments company, is acquiring a majority ownership stake in the music streaming service TIDAL. Jay-Z, who bought Tidal in 2015 for $56 million, will join Square’s board of directors.

Jack Dorsey tweeted: "Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!"

"I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers," said Jay-Z.

Mark Zuckerberg, Sundar Pichai, and Jack Dorsey will testify in a hearing on misinformation and disinformation on online platforms before US House lawmakers on March 25.

"Whether it be falsehoods about the Covid-19 vaccine or debunked claims of election fraud, these online platforms have allowed misinformation to spread, intensifying national crises with real-life, grim consequences for public health and safety," so the Committee's chairs. "For far too long, big tech has failed to acknowledge the role they’ve played in fomenting and elevating blatantly false information to its online audiences. Industry self-regulation has failed. We must begin the work of changing incentives driving social media companies to allow and even promote misinformation and disinformation."

Twitter CEO and co-founder Jack has stated in a series of tweets that Twitter is working on a future of social media and doing their "part by funding an initiative around an open decentralized standard for social media." The technology called Bluesky will be blockchain-based and Twitter intends to "ultimately be a client of this standard."

Bill Peduto, the mayor of Pittsburgh, has announced that his city will participate in a "guaranteed income" program. Eligible residents will receive $500 per month. Peduto did not specify how many people will receive the money but stated that they'll look for people where the sum of $500 would improve their lives and that they'll look for people of different backgrounds and demographics in order to conduct an impact study.

The project is financed by Twitter CEO Jack Dorsey who tweeted that "this is one tool to close the wealth and income gap, level systemic race and gender inequalities, and create economic security for families".

Twitter is exploring additional ways to make money after reporting that advertising revenues fell 23% in the second quarter. Though the platform has been seeing a record user growth and reported its largest year-over-year increase, the platform is looking into options to supplement lacking advertising revenue.

CEO Jack Dorsey recently told investors that Twitter is looking onto running tests for a subscription model that would "complement" Twitter's ad revenue. "We have a really high bar for when we would ask consumers to pay for aspects of Twitter. We are in the very, very early phases of exploring," so Dorsey.

The Twitter CEO and billionaire Jack Dorsey has announced that he is working with 14 mayors or American cities to fund trials for a universal basic income in their respective cities. The plan is part of the group "Mayors for a Guaranteed Income" with the goal to "supplement, rather than replace, the existing social safety net" and to use it as "a tool for racial and gender equity".

Dorsey himself will use $3 million from his nonprofit for the program which aims to impact up to 7 million people.

In an interview with Fox News, Mark Zuckerberg criticised Twitter for its new fact-checking feature, stating “private companies probably shouldn’t be, especially these platform companies, shouldn’t be in the position of doing that". He furthermore added that he believes that "Facebook shouldn’t be the arbiter of truth of everything that people say online".

In a serious of tweets, Twitter's Jack Dorsey responded to Zuckerberg, writing: "We’ll continue to point out incorrect or disputed information about elections globally. [...] This does not make us an “arbiter of truth.” Our intention is to connect the dots of conflicting statements and show the information in dispute so people can judge for themselves. More transparency from us is critical so folks can clearly see the why behind our actions."

In an email to the employees of Twitter the CEO Jack Dorsey has announced that he doesn't think the company will go back to the presence work culture it had before and move up the timeline to a fully "distributed" way of work. Only jobs that require physical presence will be exempt from this.

Jay-Z and Meek Mill's organisation REFORM Alliance is donating and sending out 10 million surgical masks and other protective equipment to jails and prisons across the United States. This comes after a $10 million donation of Twitter CEO Jack Dorsey, who pledge $1 billion to Covid-19 relief funds.