The former CEO and co-founder of Twitter, Jack Dorsey, has released statements on what he feels about the platform. He says that he not only regrets Twitter becoming a company, he also shared how he wished it was an open and verifiable protocol.
Jack Dorsey Shares that He Wishes Twitter Didn't Become a Company
Although Dorsey is already out of Twitter, he has still been tackling certain philosophical issues regarding the company. According to the story by Tech Crunch, when asked about his biggest regrets, he responded that he wishes the "company had never existed at all."
To clarify, Dorsey said that his regret is that he regrets Twitter becoming a company. Despite the massive success of the platform, he noted that he wished the platform took a different route than becoming a company.
Dorsey Shares He Would Have Wanted Twitter to be a Protocol and Not a Company
As per Dorsey's tweet, he noted that "the biggest issue and my biggest regret is that it became a company." He also had statements noting that if he could just rewrite history, he would make Twitter a protocol and not a company.
The biggest issue and my biggest regret is that it became a company.
— jack (@jack) August 25, 2022
Ex-CEO Shares How Protocols Can't be Owned by a State or Company
As per the ex-CEO, he doesn't believe that individuals or institutions should be able to own social media which followed a tweet back in April where he noted that it should be an open and verifiable protocol.
The article by Tech Crunch highlighted that despite his thoughts, the ex-CEO was still able to make a lot of money ever since the platform went public in 2013. In response to a question, Dorsey then clarified that a protocol can't be owned by a state or company.
In what form did you wish Twitter to become?
I thought about this sometimes. But if Twitter was funded/run by state, it might give the state more leverage to exert control
If Twitter was a NGO, how would Twitter’s scale today be financially feasible— Jane Manchun Wong (@wongmjane) August 25, 2022
Dorsey's Dream Could be Achieved Through Twitter-Parallel Projects
The company has experienced many hardships including trying to please investors and chart a growth course among others. Other problems that Twitter had was having a defined direction as to what its mission is over the years.
Twitter has become an essential platform to help users spread information to numerous people around the world. The publication notes that the dream of Dorsey isn't technically dead and that it could most likely happen through Twitter-parallel projects.
Bluesky, an Open Source Twitter Spinoff is Trying to Make a Decentralized Open Social Networking Protocol
Despite the situation with Elon Musk's rollercoaster, there is a project that is working towards achieving decentralization. Bluesky, an open source Twitter spinoff, is already working towards decentralization with plans to achieve a completely open social networking protocol to look intact amidst what is happening.
In an earlier article by Tech Crunch, it was noted that Jack Dorsey could potentially take home close to a billion should the acquisition of Twitter by Elon Musk push through. To be specific, Jack Dorsey will be taking home $978 million should Musk still push through with the deal and acquires the platform for $44 billion.
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This article is owned by Tech Times
Written by Urian B.
