A Week After Elon Musk Acquired Twitter, Jack Dorsey Launches New Social Media Company

A Week After Elon Musk Acquired Twitter, Jack Dorsey Launches New Social Media Company

  • Twitter founder Jack Dorsey founded a new social media company barely one week after Elon Musk bought the microblogging site
  • The new social media platform already has 30,000 people signed up for its beta testing before going public
  • Jack Dorsey had long nursed the idea of a new social media firm which will be an open-source platform

Barely a week after billionaire businessman Elon Musk snapped up Twitter in a $44 billion long-drawn deal, the platform's founder, Jack Dorsey, has launched a new social media firm.

Dorsey's blockchain company, Bluesky social, announced that it is currently enlisting users for its beta testing.

Jack Dorsey, Elon Musk, Bluesky
Twitter's new owner, Elon Musk and founder, Jack Dorsey Credit: JIM WATSON / Contributor
Source: Getty Images

30,000 already onboarded on new platform

According to the company's representatives, the announcement enticed about 30,000 users to sign up within two days.

PAY ATTENTION: Subscribe to Digital Talk newsletter to receive must-know business stories and succeed BIG!

Read also

Twitter turmoil, staff exodus aggravate security concerns

Users can still sign-up to join the app to become beta users before it becomes available to the public.

Business Insider reported that Bluesky's website stated that the new platform gives creators independence from platforms and developers and the freedom to design, allowing users to choose their experience.

Gizmodo said one of the platform's main selling points is that its technology gives users control of their algorithms.

Long-awaited dream

Dorsey stated in 2019 that Twitter is morphing into an open and decentralised standard for social media.

Leaked private text messages between Dorsey and Elon Musk months ago revealed Dorsey as telling Must that a new platform is needed and that it cannot be a company, stating that Twitter should have an open-sourced protocol close to what encrypted messaging platforms such as Signal have.

Dorsey co-founded Twitter 17 years ago and briefly served as its CEO, and returned as CEO from 2015 to 2021 when he resigned.

Read also

Elon Musk gleeful as Twitter users vote on reinstating Trump

Parag Agrawal, the then Chief Technology Officer of Twitter, took over. He was fired after Musk completed the takeover of the company.

Elon Musk Twitter takeover: Verified accounts to start paying N9,000 monthly subscription

Recall that Legit.ng reported that verified Twitter users will start paying about N8,760 monthly subscriptions to retain their verified status.

Users risk losing their badge if they fail to subscribe within 90 days.

Twitter Blue, a subscription-based model, was launched last year and offers special access to premium features like tweet editing, undo tweets and more.

Source: Legit.ng

Online view pixel