DIRS.INFO The most relevant business & tech news

☆ Elon Musk takes away 'days of rest' at Twitter in another major shift from Jack Dorsey's leadership style
▼ + stars: | 2022-11-03 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk has started to impose his more demanding style on Twitter workers. "Days of rest" were implemented in 2020 under Twitter founder Jack Dorsey's leadership. "Days of rest" were implemented at Twitter in 2020 during the first peak of the pandemic, under previous CEO and co-founder Jack Dorsey. Musk's style of leadership is not one that looks to avoid burnout. In another step away from Dorsey's leadership style, the billionaire also plans to end Twitter's remote work policy, according to a report from Bloomberg on Wednesday.

☆ Dorsey's Block posts a jump in revenue, boosting shares
▼ + stars: | 2022-11-03 | by ( Hannah Lang | ) www.reuters.com time to read: +2 min

[1/2] The logo of Cash App is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. Shares of Block, formerly called Square, rose more than 14% in extended trading on Thursday. The San Francisco, California-based company reported a 17% rise in total net revenue from the year prior at $4.52 billion in the third quarter. Its unit that sells terminals and software for businesses to process payments, Square, generated gross profit of $783 million, up 29%. In August, the company announced it had slowed hiring and slashed its 2022 investment target by $250 million, citing ongoing economic uncertainty.

☆ Ark's Cathie Wood is betting Elon Musk will turn Twitter into a 'super app'
▼ + stars: | 2022-11-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LISBON, Portugal — Ark Invest founder Cathie Wood thinks Elon Musk might be onto something with his vision for Twitter. "He's thinking about a super app like WeChat Pay," Wood said at the Web Summit technology conference in Lisbon, Portugal, Wednesday. Wood was referring to the digital payments service of Chinese messaging app WeChat. Tesla CEO Musk has already hinted at plans to make Twitter a super app. "He and [Twitter co-founder] Jack Dorsey working together, I think, could turn this into a super app."

☆ Jack Dorsey just saved Elon Musk about $1 billion by rolling over his shares of Twitter into a stake in the new private company
▼ + stars: | 2022-10-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Dorsey rolled over his Twitter shares on Oct. 27, the same day Musk's acquisition was finalized. The value of Dorsey's roughly 18 million shares is a little over $1 billion, according to the filing. Although it was rumored Dorsey would invest in Musk's takeover of Twitter, he had yet to confirm any plans to do so or rollover his shares. According to the filing, Dorsey agreed to the rollover back in April, when Musk signed the merger agreement with Twitter. Dorsey formally rolled his shares on Thursday, the same day Musk officially became the owner of Twitter.

☆ As Elon Musk finalized his Twitter deal, company founder Jack Dorsey launched a beta for his new social media company
▼ + stars: | 2022-10-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Jack Dorsey's decentralized social media platform, Bluesky Social, is accepting beta users. The news coincides with Elon Musk's takeover of Twitter, which Dorsey founded and ran for several years. Dorsey left Twitter in 2021 and named Parag Agrawal as his successor, whom Musk fired shortly after taking over this week. Dorsey's blockchain-based Bluesky Social announced last Tuesday that it's launching soon and is currently enlisting users for beta testing. Dorsey had said in 2019 that Twitter was funding work into developing "an open and decentralized standard for social media."

☆ Elon Musk is $8 billion poorer after taking control of Twitter, meaning his net worth has fallen by $66 billion this year
▼ + stars: | 2022-10-29 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk took an $8 billion hit to his net worth after buying Twitter, per Bloomberg wealth index. The world's richest man finally sealed his $44 billion deal to acquire Twitter on Thursday. Before sealing the $44 billion deal on Thursday, Musk was estimated to be worth about $212 billion, per Bloomberg. He remains the world's richest man, but Musk's net worth has fallen by $66 billion this year, according to Bloomberg. Musk's net worth peaked in November last year at $338 billion when Tesla shares soared.

☆ The software used in bitcoin mining is getting its first big makeover in more than a decade — here's what's changing
▼ + stars: | 2022-10-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Bitcoin operates on a proof-of-work mining model, meaning that miners around the world run high-powered computers to create new bitcoin and validate transactions. Lee says that Stratum V2 supports a proxy that aggregates all the connections and only establishes one connection with the pool. To resolve this, Lee says Stratum V2 introduces a standard security mechanism with authentication and encryption between miners and pools. There are orders of magnitude more miners than pools, so if miners select transactions it is far more decentralized than just a handful of pools, Lee explained. Similar to the Lightning Network, which is a technology built on top of bitcoin's base layer to make payments more efficient, there will be different implementations of Stratum V2.

☆ How Jay-Z and Jack Dorsey's Bitcoin Academy provides financial inclusion and breaks down barriers of inequity
▼ + stars: | 2022-09-07 | by ( John Lynch | ) www.businessinsider.com time to read: +16 min

Insider profiled Jay-Z and Jack Dorsey's Bitcoin Academy at the conclusion of its program for Marcy Houses in Brooklyn. For Marcy resident Mariela Regalado, The Bitcoin Academy represented a continuation of an altruism she had seen from Jay-Z firsthand. Lamar Wilson teaching at The Bitcoin Academy. Following the conclusion of its summer courses at Marcy Houses, The Bitcoin Academy is "looking to expand to other neighborhoods soon," the program said. The over 350 people who attended The Bitcoin Academy classes let us know that this education is important to them - and that it matters.

☆ Elon Musk scores a rare win in Twitter-acquisition lawsuit as the company is ordered to hand over documents from fired general manager
▼ + stars: | 2022-08-15 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Last week Musk's attorneys demanded that documents from 22 Twitter employees be handed over. Judge Kathleen St. Jude McCormick on Monday ordered Twitter to comply in part with a motion to compel from Musk's attorneys. They requested documents from 22 additional Twitter employees they said had information on the company's process of analyzing spam or "bot" accounts. Musk's motion to compel for the additional documentation was filed last week confidentially, which means it doesn't appear on the court's docket. While Musk's attorneys pushed for document production from many additional Twitter employees, McCormick relented only on Beykpour.

☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
▼ + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com time to read: +6 min

"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.

Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart

☆ Twitter co-founder Dorsey takes aim at board in series of tweets
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +2 min

April 19 (Reuters) - Twitter Inc (TWTR.N) co-founder Jack Dorsey took aim at the social media company's board in a series of tweets late on Monday as it weighs Elon Musk's $43 billion takeover offer. Dorsey, who is also a Twitter board member, added to the chatter on the micro-blogging platform last week when he said that Twitter's board has "consistently been the dysfunction of the company." In response a tweet on Monday asking him why he did not "do anything about it" when he was the CEO of Twitter, Dorsey expressed frustration at his limited ability to speak freely. "So much to say … but nothing that can be said," Dorsey tweeted. read moreDorsey continues to serve as the CEO of Square and holds a seat on Twitter's board.

Getty Images AsiaPacFor business owners curious about crypto, the Brex cards are a low-risk introduction to the space. You can only earn bonus rewards if Brex is your only corporate card, so it doesn't pair well with other business rewards credit cards Dash icon A dash. Using Brex points for crypto rewards"We think that your rewards points are an easy and interesting way to participate in crypto," Henrique Dubugras, founder and CEO of Brex, told Insider. The Brex card offers the flexibility to simply put that exposure in rewards points, and cardholders can continue to designate their rewards in other more stable categories, too. Read Insider's points and miles valuations to find out what your credit card rewards are worth.

☆ Productivity tips from Elon Musk, Jeff Bezos and Steve Jobs
▼ + stars: | 2019-09-11 | by ( Taylor Locke | ) www.cnbc.com time to read: +5 min

Elon Musk eliminates excessive meetingsElon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty ImagesElon Musk starts his day with his most critical work and schedules the rest of his day based on priority. Jeff Bezos makes quick decisionsAmazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty ImagesIt's important to make "high-quality, high-velocity" decisions, according to Amazon CEO Jeff Bezos. Steve Jobs knew when to say 'no'Apple Inc.'s former CEO, the late Steve Jobs, announces the new iPad on January 27, 2010 in San Francisco, California. Justin Sullivan | Getty Images News | Getty ImagesAs Resume.io points out, Steve Jobs believed a key to productivity is knowing when to say "no."

Search resuls for: "Dorsey's"

13 mentions found