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Why Jack Dorsey's failure led to Elon Musk's arrival at Twitter
Business Insider
·
1y ago
Medial
Elon Musk's acquisition of Twitter caused chaos and revealed how Jack Dorsey ran the platform. The book "Battle for the Bird" by Kurt Wagner explores the connection between Dorsey's tenure and Musk's arrival. Elliott Management's attempt to replace Dorsey in 2020 soured his attitude towards running Twitter, making him more receptive to Musk's involvement later on. Dorsey was described as hands-off, with many decisions being made by others. The book also discusses the lack of a solid plan from Musk when he bought Twitter, disappointing those who expected his innovative prowess to improve the platform.
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Jack Dorsey gave his parents a security detail after Twitter banned Trump
Business Insider
·
1y ago
Medial
According to a book on Twitter's founding and evolution, Twitter cofounder Jack Dorsey's parents faced security threats after the company banned Donald Trump from the platform. The book, titled "Battle for the Bird," states that security was provided outside Dorsey's parents' house in St. Louis due to threats they received. Dorsey himself reflected on the decision and its impact on Twitter's long-term future following the ban. In addition to Dorsey's family, others associated with Twitter, including former head of trust and safety Yoel Roth, have also faced security concerns. Elon Musk, who later reinstated Trump's account, has expressed safety concerns since taking over the company.
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Twitter founder Jack Dorsey expresses support for Elon Musk, says ‘I love Tesla’
Economic Times
·
4m ago
Medial
Former Twitter CEO Jack Dorsey expressed admiration for Tesla, responding to a Tesla post with "i love tesla." Tesla CEO Elon Musk, who acquired Twitter and rebranded it as X, replied with heart emojis. Despite previous criticism towards Musk's leadership post-acquisition, Dorsey recently praised Musk's commitment to free speech and the move to take Twitter private. Meanwhile, Tesla faces increased vandalism, with Musk accusing left-wing organizations of organizing these attacks.
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Twitter employees monitored Elon Musk's jet-tracking account to see when he'd be in the office
Business Insider
·
1y ago
Medial
Twitter staff reportedly started following a social media account that tracks Elon Musk's private jet movements. The account, @Elonjet, run by a college student named Jack Sweeney, was monitored by Twitter employees to determine if Musk would be present at their office. Musk frequently flew between Twitter's headquarters in San Francisco and his other ventures in Texas. Musk complained to former Twitter CEO Parag Agrawal about the account and even bought shares of the company after Agrawal refused to ban it. Sweeney declined Musk's offer of $5,000 to take down the profile, and Musk later temporarily banned him from Twitter.
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Elon Musk's luck has finally run out
Business Insider
·
1y ago
Medial
Elon Musk's recent decisions have led to a decline in his fortunes. Despite previous successes with Tesla and SpaceX, Musk's acquisition of Twitter and his overconfidence have created problems for his empire. The article explores the impact of Musk's debt, shrinking profits at Tesla, and the challenges faced by Twitter. It suggests that Musk's ambitious and risk-taking nature may have finally caught up with him.
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‘When they sold to FBI…’: Twitter founder quits Instagram, Elon Musk reacts
Livemint
·
1y ago
Medial
Twitter founder Jack Dorsey has deleted his Instagram account after being inactive for years and criticized the platform's app "Threads." He stated that he was one of the first users of Instagram and invested as an angel investor. Dorsey's departure from Instagram remains without a clear explanation, and he mentioned it took him a while to do so. He has shown a mixed relationship with Twitter, maintaining some stake while supporting rivals like Bluesky and Nostr.
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Jack Dorsey defends Musk's Twitter leadership, saying the billionaire slashed the 'critical sin' of its business model
Business Insider
·
1y ago
Medial
Twitter co-founder, Jack Dorsey, defended Elon Musk's approach to Twitter, stating that his job cuts and reduction of advertisers were necessary for a shift towards free speech. Dorsey said Twitter's dependence on advertising as its main source of income hindered the platform's ability to maintain its moderation standards. Musk's rebranding of Twitter to X and his endorsement of an antisemitic post caused a significant exodus of advertisers, but Dorsey believes that Musk made the right choice by prioritizing a censorship-free platform and exploring new revenue streams such as subscriptions and commerce. Dorsey also supported Musk's decision to implement mass layoffs, stating that the majority of those affected were in sales.
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How Parag Agrawal and handle tracking Musk's private jet led to Twitter takeover
Livemint
·
1y ago
Medial
Former Twitter CEO Parag Agrawal's refusal to block a social media handle tracking Elon Musk's movements reportedly played a role in Musk's decision to eventually take over Twitter. Agrawal's denial of Musk's request to remove the Twitter account led the billionaire to start buying Twitter shares, eventually leading to the acquisition of the company. Musk fired Agrawal shortly after completing the takeover. The details are shared in Kurt Wagner's upcoming book, "Battle for the Bird."
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Inside Twitter's first-ever company retreat: Jack Dorsey's parents posed for selfies, Elon Musk was a no-show, and employees meditated with the billionaire founder
Business Insider
·
1y ago
Medial
The article describes Twitter's first-ever company retreat, where CEO Jack Dorsey led a meditation session and shared his personal lifestyle practices, including starting the day with a special "wake-me-up" cocktail. The event aimed to boost morale and unity among employees after challenges faced by the company. Dorsey's parents also participated, becoming celebrities within the company. However, a planned appearance by Elon Musk didn't materialize. The retreat seemed to have a positive impact, with increased enthusiasm, collaboration, and retention reported amongst employees.
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US regulator probes Twitter security lapse before Elon Musk took over: report
Economic Times
·
1y ago
Medial
The US Securities and Exchange Commission (SEC) is reportedly investigating how Twitter handled a security lapse in 2018 that exposed personal user information prior to Elon Musk's acquisition of the social media platform. The inquiry is focused on whether former top executives, including Jack Dorsey, adequately disclosed the privacy issues or implemented sufficient controls. The breach allowed outsiders to access user email addresses during password resets, compromising user identities. Neither Twitter nor the SEC have commented on the matter.
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Elon Musk must face fraud lawsuit for disclosing Twitter stake late
Economic Times
·
1y ago
Medial
Elon Musk must face a lawsuit alleging he defrauded former Twitter shareholders by delaying disclosure of his investment in the social media platform, which he later acquired and renamed X, according to a U.S. judge's decision. Shareholders claim Musk defrauded them by waiting 11 days beyond a U.S. Securities and Exchange Commission deadline to reveal his 5% stake in Twitter. The judge dismissed an insider trading claim but ruled that shareholders could try to prove Musk intended to defraud them. Musk's lawyers argued that any disclosure failure was inadvertent. Musk acquired Twitter for $44 billion in 2022.
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