Jack Dorsey

Regional News • Americas • United States
Pittsburgh Mayor announces participation in "guaranteed income" program
Pittsburgh Mayor announces participation in "guaranteed income" program
Credit: unsplash.com / Eilis Garvey

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".

Technology • Internet & Web
Twitter considers subscription options after ad revenue drop
Twitter considers subscription options after ad revenue drop
Credit: unsplash.com/Kon Karampelas

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.

Technology • Internet & Web
Twitter CEO announces that he will fund large scale universal basic income trial
Jack Dorsey, co-founder and CEO of Twitter, testifying before the Senate Intelligence Committee, September 2018
Jack Dorsey, co-founder and CEO of Twitter, testifying before the Senate Intelligence Committee, September 2018 Credit: Mark Warner / Wikimedia Commons (Creative Commons Attribution 2.0)

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.

Technology • Internet & Web
Mark Zuckerberg criticizes Twitter for new fact-checking feature
Facebook CEO Mark Zuckerberg at the White House in 2019
Facebook CEO Mark Zuckerberg at the White House in 2019 Credit: The White House from Washington, DC (Public Domain)

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."

Technology • Internet & Web
Twitter plans on changing work from home rules permanentely

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.

Arts, Entertainment, Culture • Music
REFORM Alliance is donating 10 million surgical masks to jails and prisons

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.