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☆ Jack Dorsey said Twitter's board 'has always been a problem' and that he plotted his exit from the firm because of its activist investor
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Jack Dorsey said Twitter's board — and its activist investor — prompted him to plan an exit from the firm. "I was happy to see it end," Dorsey said of the board when Elon Musk took Twitter private. AdvertisementDorsey told Solana that earlier on, he'd tried to bring Musk onto Twitter's board but was stopped twice. In April 2022, Musk joined Twitter's board of directors after taking a 9.2% stake in the company. But Dorsey said he was also unhappy with the board because of an activist investor seeking to boot him, he said.

Persons: Jack Dorsey, —, Dorsey, Elon Musk, Mike Solana, Parag Agrawal, Solana, he'd, Musk, Paul Singer, Elliot Management's, It's, Dorsey didn't, Bluesky, Donald Trump, Nick Fuentes Organizations: Elon, Twitter, Service, Fund, Elliott Management

☆ Jack Dorsey defends Musk's Twitter leadership, saying the billionaire slashed the 'critical sin' of its business model
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

But Dorsey said Twitter had been weighed down by its revenue model. Twitter chose brand advertising as its main source of income, a "core, critical sin" that exposed the platform's moderation to the whims of corporations effectively financing the social-media platform, Dorsey said. Building a different business modelTo many, Musk seemed to be axing Twitter's entire business model. "Twitter was a $5 billion a year business," Dorsey said. AdvertisementDorsey's comments come as he quit Bluesky, a platform he helped build after leaving Twitter, and told users to use Musk's X instead.

Persons: —, Jack Dorsey, Dorsey, Mike Solana, Twitter, Solana, Apple, Musk, Elon, Bluesky, Edward Snowden, Julian Assange, he's, Musk's Organizations: Service, Twitter, Fund, Business, Unilever, SpaceX, Disney, IBM

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

☆ Jack Dorsey Explains Why He Left Bluesky
▼ + stars: | 2024-05-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Twitter cofounder Jack Dorsey helped found Bluesky as a Twitter alternative. But Dorsey says he left Bluesky because it was "literally repeating all the mistakes" Twitter made. AdvertisementWhy did Twitter cofounder Jack Dorsey leave Bluesky, the Twitter alternative he helped create? Because — in Dorsey's telling, at least — Bluesky was "literally repeating all the mistakes [Twitter] made as a company." And later on, when Dorsey got frustrated while running the for-profit version of Twitter, he imagined that Twitter could help start an independent, open-source protocol version of itself — Bluesky.

Persons: Jack Dorsey, Dorsey, —, Bluesky, Mike Solana Organizations: Twitter, Service Locations: Dorsey's

☆ Why you can, and should, ignore that 9pm email from your boss
▼ + stars: | 2024-04-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Work is part of our identity here in a way that people from other countries find at turns fascinating and pathological. The bill would aim to ensure that people aren’t pinged with work emails, texts or calls outside their established work hours, with notable exceptions for emergencies or scheduling issues. If the boss intrudes on your non-work window three times, you can report them and the state could impose fines starting at $100. No one likes pausing Succession to respond to a 9pm request, but the guilt of ignoring it and wondering whether your boss will be mad at you is also, like, not fun. A historically tight labor market has given workers more leverage to negotiate their pay, hours and working conditions.

Persons: CNN Business ’, they’re, ”, Matt Haney, “ Workers shouldn’t, intrudes, Mike Solana, Ashley Herd, Herd, Haney, FDR, “, there’s, she’s, ” Herd, —, Jeanne Sahadi Organizations: CNN Business, New York CNN, Lawmakers, State Assembly, “ Workers, Nanny, Fund, Pew, Fair Labor, Act Locations: New York, France, California, Australia, Italy, Portugal, Belgium, “ california

☆ Elon Musk is changing Twitter so much, even investor Marc Andreessen is getting upset and complained to him directly
▼ + stars: | 2023-02-04 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Issues with how Twitter looks and operates have been frequent since billionaire Elon Musk took over. Investor Marc Andreessen invested in Musk's takeover and is said to have complained directly to him. Twitter CEO Elon Musk is pushing so many changes to the social media site so fast that high profile users, Musk fans, and even some of his investors are complaining. Representatives of Twitter and Andreessen Horowitz did not respond to requests for comment. "Musk knows it's bad right now, but it's going to get better over time," a person familiar with Twitter said.

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