Twitter has a new CEO and he is all about business. Former Twitter CEO says he wants to focus more on cryptocurrency and philanthropy.
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.
Not to mention the billionaire tech entrepreneur was a bit stretched to capacity while simultaneously being CEO of Square [recently changed it’s name to Block].
As for now, Dorsey’s most recent interest is the new decentralized web but claims he’s banned from Web3 inclusion after a verbal disagreement with the owner. While attempting to highlight the cons of the new ‘web’, the founder of Web3 was insulted and ultimately blocked him from Twitter.
Contrarily however; Web3 is being praised by crypto and blockchain boosters as the future of the internet. The objective is for end users to easily transport data. Furthermore, the worldwide web will allow users to have more control of the blocks of data being used.
“Web3 projects tend to be more inclusive and supportive,” shared Julia Lipton, founder of Awesome People Ventures. “Given the nature of shared ownership, people’s success is closely tied to the quality of contributors in their network. This dynamic creates a more collaborative work environment.”forbes
Jack Dorsey Banned From Twitter
Meanwhile a big name in the game, Elon Musk wasn’t so thrilled about the big tech idea, telling The Babylon Bee it “sounds like more marketing than reality”. However Jack Dorsey, Twitter’s ex CEO argues that while he stands by the ‘new internet’ no one will own anything. He argues the only difference in the interconnection is that venture capitalists are backing it. Undoubtedly, his comments didn’t go over too well since he was blocked from Twitter by Marc Andreessen; co-author of inital web browser.
“I’m officially banned from Web3,” Dorsey tweeted Wednesday alongside a screenshot showing he had been blocked by Andreessen, who also co-founded and built Netscape.
Twitter’s New CEO
Apart from this, on Nov. 29, 2021 Twitter welcomed it’s youngest ever CEO, 37 year old Parag Agrawal; and he’s already implemented some significant changes. On Dec. 3, Agrawal announced that the consumer, the revenue, and the core tech divisions would all be getting new leaders. Unlike the former CEO, Agrawal is keeping his opinions to himself and busying himself with the matters of his new position. However, for now Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders, the company said.
“This restructuring is meant to focus the company on clear decision-making, increase accountability, and faster execution,” Agrawal said.the motley fool
It seems like former Twitter CEO has given quite the nod to his replacement. Dorsey said in an email he published on Twitter that Agrawal had been his choice to lead the company “for some time given how deeply he understands the company and its needs.”
Agrawal, served as an engineer at Twitter for over ten years; since 2017. And as the head of strategy involving artificial intelligence and machine learning; he spear headed projects to assist Twitter users’ timelines to be more user-specific.