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Tag: Jack Dorsey

  • Jack Dorsey Commits $1 Million per Year to Fund Signal

    Jack Dorsey Commits $1 Million per Year to Fund Signal

    Tech icon Jack Dorsey has committed $1 million per year to help fund encrypted messaging app Signal.

    Signal is a popular encrypted messaging app that competes with WhatsApp, iMessage, and Telegram, although it is widely considered to be far more secure than any of them. The app is developed by the Signal Technology Foundation, a nonprofit charity.

    Writing in a blog post, Dorsey announced his intentions:

    To accelerate open internet and protocol work, I’m going to open a new category of #startsmall grants: “open internet development.” It will start with a focus of giving cash and equity grants to engineering teams working on social media and private communication protocols, bitcoin, and a web-only mobile OS. I’ll make some grants next week, starting with $1mm/yr to Signal. Please let me know other great candidates for this money.

    Signal is used around the world by journalists, activists, politicians, military units, business leaders, and individuals. Donations and grants like Dorsey’s go a long way toward helping the foundation continue developing the app and maintaining the security so many rely on.

  • Jack Dorsey’s New Social Media Company Off to a Strong Start

    Jack Dorsey’s New Social Media Company Off to a Strong Start

    Amid Musk’s takeover of Twitter, its founder is attempting to launch a second act in the social media space.

    Jack Dorsey has been vocal in his belief that Twitter should never have become a company, wishing it had remained a protocol instead. This would have allowed the the service to be used by a variety of apps and platforms, without centralized control being in the hands of a single company.

    According to Business Insider, Dorsey’s Bluesky Social website says it aims to create “a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience.”

    It appears the new company is off to a strong start, with a recent tweet stating it had 30,000 signups in two days for its waiting list.

    With much of Twitter’s future up in the air, Bluesky Social may offer users a compelling alternative.

  • Jack Dorsey’s Biggest Regret Is Twitter Becoming a Company

    Jack Dorsey’s Biggest Regret Is Twitter Becoming a Company

    Jack Dorsey is weighing in on the Twitter drama, saying his biggest regret is that it became a company at all.

    Twitter is one of the most popular social media platforms, but also one that is often at the center of the most controversy. The platform has struggled with issues of moderation, free speech, security, and now a legal fight over whether Elon Musk will or will not purchase the company.

    Dorsey believes the company would have been a lot better off if it had never become a company at all, according to one of his tweets in response to a user asking if he was happy with the direction Twitter had taken over the years.

    “The biggest issue and my biggest regret is that it became a company,” Dorsey wrote.

    Dorsey then went on to say how he wished Twitter was structured:

    “A protocol. Def can’t be owned by a state, or company. Becomes clearer every day.”

    Protocols are used every day by billions of people, whether they be protocols defining email, web, messaging, encryption, or more. Rather than restricting consumers to a single app, or a single company, a protocol simply outlines how two apps should communicate. As long as they follow the protocol, anyone can create an app that works with it and communicates with every other app using the same protocol.

    While it’s far too late to wind back the clock, it’s an interesting thought exercise to imagine how different Twitter would be today if Dorsey’s wish came true.

  • Twitter Whistleblower Lends Weight to Elon Musk’s Claims

    Twitter Whistleblower Lends Weight to Elon Musk’s Claims

    Peiter Zatko, who served as Twitter’s head of cybersecurity, has filed a complaint with federal agencies and bolstered Elon Musk’s claims.

    Zatko is the famous and well-respected hacker who goes by the handle “Mudge.” He served as Twitter’s cybersecurity head from late 2020, when he was hired by then-CEO Jack Dorsey until he was fired by the current CEO at the beginning of 2022. According to The Washington Post, he claims the company and CEO Parag Agrawal is intentionally misleading investors and regulators about the state of its security and its issues with spam bots.

    “Agrawal’s Tweets and Twitter’s previous blog posts misleadingly imply that Twitter employs proactive, sophisticated systems to measure and block spam bots,” the complaint says. “The reality: mostly outdated, unmonitored, simple scripts plus overworked, inefficient, understaffed, and reactive human teams.”

    That statement, as well as the complaint in general, will certainly bolster Elon Musk’s case against Twitter. The tech mogul is trying to back out of his deal to purchase the social media company based on his belief the company is not being truthful about the scope of its spam bot issues. He also claims the company has misled investors.

    Read more: Elon Musk Accuses Twitter of Running a ‘Scheme’

    Zatko also claims to have found multiple instances where Twitter was in violation of a 2011 settlement with the FTC, failing to implement security measures and properly protect users, as it had been ordered to do. While Twitter claims to have complied with its obligations, the sheer number of security breaches the company has faced — not to mention the ease with which the breaches occurred — lends weight to Zatko’s claims.

    “If all of that is true, I don’t think there’s any doubt that there are order violations,” David C. Vladeck told the Post in an interview. Vladeck is now a Georgetown Law professor but previously served as director of the FTC’s bureau of consumer protection when the settlement was reached in 2011. “It is possible that the kinds of problems that Twitter faced eleven years ago are still running through the company.”

    The complaint alleges Twitter has exceptionally poor security policies in place, policies that leave the company, its intellectual property, and its customers vulnerable to bad actors. Roughly 30% of the company’s laptops allegedly would not automatically update software to receive the latest security fixes. Even worse, Zatko says thousands of laptops had full copies of Twitter’s source code on them, a scenario that is a dream come true for hackers. Why waste time trying to penetrate a carefully secured and protected programming repository when stealing one of the thousands of available laptops will yield the same result?

    See also: Elon Musk’s Twitter Cancellation Letter

    “It’s near-incredible that for something of that scale there would not be a development test environment separate from production and there would not be a more controlled source-code management process,” Tony Sager, former chief operating officer at the cyberdefense wing of the National Security Agency, told the Post. “Almost any attack scenario is fair game and probably easily executed.”

    The Post interviewed more than a dozen current and former employees for context. While some did say the company deployed extensive measures to fight spam, many agreed with much of Zatko’s complaint regarding the general state of security and dysfunction within the company.

    For his part, Zatko sees blowing the whistle on Twitter as the final step in completing the job he was hired to do.

    “This would never be my first step, but I believe I am still fulfilling my obligation to Jack and to users of the platform,” Zatko said. “I want to finish the job Jack brought me in for, which is to improve the place.”

  • SpaceX Employees Call Elon Musk An ‘Embarrassment’ in Open Letter

    SpaceX Employees Call Elon Musk An ‘Embarrassment’ in Open Letter

    SpaceX employees have gone on the attack, calling CEO Elon Musk “a frequent source of distraction and embarrassment.”

    Musk is currently one of the most high-profile CEOs in the world, serving in the top spot Tesla, and founding both Tesla and SpaceX. In addition, Musk is in talks to purchase Twitter. With everything he’s working on, Musk is sure to draw detractors, but the latest round comes from his own employees.

    In an open letter to SpaceX executives, employees make the case that every tweet and statement made by Musk is seen and interpreted as “a de facto public statement by the company.” The employees claim that “Elon’s behavior in the public sphere is a frequent source of distraction and embarrassment for us, particularly in recent weeks.”

    In addition to attacking Musk specifically, the employees claim the company needs to do more to live up to its “No Asshole” and “Zero Tolerance” policies, saying that employees are experiencing uneven enforcement.

    The employees are asking to meet with company leadership within the next month to discuss their concerns and demands.

    The letter illustrates the challenges many companies and executives are facing at a time when employee activism is reaching an all-time high. Mercurial founders and successful startups often go hand-in-hand. Steve Jobs and Apple; Larry Ellison and Oracle; Zuckerberg and Facebook; and the list goes on.

    While many employees may not like Musk’s tweets, or his public persona, the argument could be made that neither SpaceX or Tesla would be where they are without him. Similarly, some see him as uniquely qualified to help turn Twitter around, with Twitter founder Jack Dorsey throwing his weight behind Musk’s bid to purchase the social media company.

    Only time will tell how SpaceX will respond to the employees’ letter.

  • Trump May Be Back on Twitter Soon

    Trump May Be Back on Twitter Soon

    Elon Musk has signaled he would reverse Donald Trump’s permanent Twitter ban once his purchase of the platform is complete.

    Trump was banned from Twitter because of his tweets around the January 6 insurrection. Trump’s tweets went against the company’s policies around promoting violence and misinformation. Elon Musk has voiced his support for free speech, saying he plans to undo Trump’s permanent ban.

    According to International Business Times, Musk and co-founder Jack Dorsey are aligned in their thinking that permanent bans should be “extremely rare,” and should be largely be a measure to combat spam and bot accounts.

    It remains to be seen if Trump would even rejoin Twitter, despite it being his favorite social media platform when he was active. He has since launched his own service, Truth Social, and said he has no plans to return to Twitter, even if it was an option.

    Musk’s revelation is sure to thrill some and anger others, but it shows just how much Twitter will likely change under his ownership.

  • Jack Dorsey Criticizes Twitter Board — Not Elon Musk

    Jack Dorsey Criticizes Twitter Board — Not Elon Musk

    Jack Dorsey has finally weighed in on Twitter’s current status, and his comments could be seen as good news for Elon Musk.

    Elon Musk has made an offer to purchase Twitter, one the company’s board is fighting. The board has adopted a “poisoned pill” strategy to counter Musk’s efforts. Meanwhile, Musk has pointed out the board’s minuscule ownership stake in the company, questioning their commitment to shareholder interests.

    “Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.”

    — Elon Musk (@elonmusk), April 16, 2022

    Twitter’s most well-known board member has broken his silence, and not to come out in favor of his fellow board members. Dorsey was responding to a tweet by Gary Chan:

    “The wrong partner on your board can literally make a billion dollars in value evaporate. It is not the sole reason behind every startup failure but it is the true story a surprising percentage of the time.”

    — Gary Tan (@garytan), April 16, 2022

    After a number of replies discussing the Twitter board’s checkered past, Dorsey weighed in:

    “it’s consistently been the dysfunction of the company”

    — Jack Dorsey (@jack), April 17, 2022

    Twitter was already under pressure over Musk’s bid. Dorsey coming out with criticism of the board is only going to increase that pressure even more.

  • Elon Musk Is Now Twitter’s Largest Shareholder

    Elon Musk Is Now Twitter’s Largest Shareholder

    Elon Musk’s Twitter drama continues, with the tech mogul now the company’s largest shareholder.

    Tesla’s CEO has a complicated history with Twitter. One the one hand, he is a prolific tweeter, sounding off on a range of topics, trolling rivals, and offering to fight Vladimir Putin for the fate of Ukraine. Most recently, he asked his followers if they thought Twitter should be replaced.

    Despite his criticism, that hasn’t stopped Musk from buying up Twitter stock, becoming its large shareholder with roughly 10% of the company’s shares, according to The Houston Chronicle. Even Twitter founder Jack Dorsey only owns 2.5%.

    When asking his followers if they thought Twitter should be replaced, he did warn “the consequences of this poll will be important,.” Perhaps his goal is not to replace Twitter, but exert more control over its direction.

  • Jack Dorsey Creates Bitcoin Legal Defense Fund

    Jack Dorsey Creates Bitcoin Legal Defense Fund

    Square founder and CEO Jack Dorsey announced the launch of the Bitcoin Legal Defense Fund as a way to help protect Bitcoin developers.

    Bitcoin developers are facing new legal threats on multiple fronts, impacting their ability to be innovative and continue developing for the Bitcoin network. As a staunch supporter of cryptocurrency and blockchain technology, Dorsey wants to help provide legal protection to such developers, freeing them to focus on their projects.

    Dorsey described his goal in a post to the Bitcoin Dev mailing list:

    Litigation and continued threats are having their intended effect; individual defendants have chosen to capitulate in the absence of legal support. Open-source developers, who are often independent, are especially susceptible to legal pressure. In response, we propose a coordinated and formalized response to help defend developers. The Bitcoin Legal Defense Fund is a nonprofit entity that aims to minimize legal headaches that discourage software developers from actively developing Bitcoin and related projects such as the Lightning Network, Bitcoin privacy protocols, and the like.

    Dorsey made it clear the fund will provide legal assistance to Bitcoin developers free-of-charge.

    The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills. This is a free and voluntary option for developers to take advantage of if they so wish. The Fund will start with a corps of volunteer and part-time lawyers. The board of the Fund will be responsible for determining which lawsuits and defendants it will help defend.

    One of the first things the fund will do is takeover “coordination of the existing defense of the Tulip Trading lawsuit against certain developers alleging breach of fiduciary duty and provide the source of funding for outside counsel.”

    The Bitcoin Legal Defense Fund is likely welcome news to Bitcoin developers and should provide a measure of security.

  • Jack Dorsey and Marc Andreessen Feud on Twitter Over Web3

    Jack Dorsey and Marc Andreessen Feud on Twitter Over Web3

    Square CEO Jack Dorsey and VC legend Marc Andreessen are fueding on Twitter over the future of web3.

    Web3 refers to the next generation of the internet, based on blockchain technology. As such, web3 uses the features and characteristics of blockchain to improve traditionally weak areas, such as security and reliability. Instead of designing and deploying apps to run on a single server, web3 involves apps that are decentralized, running on blockchains, decentralized P2P servers, or both.

    Given how early it is in the process of adopting web3, there’s still much discussion about the future of this evolution of the web. At least for Dorsey and Andreessen, that discussion has gotten rather intense.

    Dorsey fired the open salvo, criticizing VCs — including Andreessen’s firm Andreessen Horowitz — for trying to own web3.

    Dorsey even retweeted a cartoon portraying VCs as gluttons gorging themselves on web3 while retail entities starve.

    It seems Andreessen didn’t take the criticism very well, with Dorsey tweeting shortly after that Andreessen had blocked him on Twitter.

    In response, Dorsey criticized a16z’s (shorthand for Andreessen Horowitz) mission statement.

    It’s a safe bet such heated discussions will continue to play out across the industry as developers, companies, and (yes) VCs continue to adopt web3.

  • Square Changes Its Name to Block

    Square Changes Its Name to Block

    Taking a cue from Google and Facebook, Square has changed its name to Block, retaining the Square name for its Seller business.

    Square is Jack Dorsey’s second company. Dorsey stepped down as Twitter CEO Monday, presumably giving him more time to focus on Square. As the first big move since Dorsey’s pivot to focus exclusively on Square, the company is changing its name.

    Block will be the name of the corporate entity, with its various businesses — such as the Square Seller business — forming the building blocks of the company.

    “We built the Square brand for our Seller business, which is where it belongs,” said Jack Dorsey, cofounder and CEO of Block. “Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy.” 

    Other than the name change, there will be no other organization changes.

  • It’s Official: Jack Dorsey Steps Down as Twitter CEO

    It’s Official: Jack Dorsey Steps Down as Twitter CEO

    Jack Dorsey has stepped down as Twitter CEO and will be leaving the company within a few months.

    News broke Monday morning that Dorsey was expected to step down as CEO, although CNBC’s sources did not say why or when. Dorsey confirmed the news in a tweet Monday.

    In his tweet, Dorsey says Parag Agrawal is replacing him, effective Monday. Dorsey said he believes every company should be able to stand on its own, without the leadership or influence of its founders.

    In harmony with that belief, Dorsey says he will stay on the board only though the remainder of his current term, which is set to expire around May. After that, he will leave the company, giving Agrawal room to lead how he sees fit.

  • Twitter CEO Jack Dorsey Preparing to Step Down

    Twitter CEO Jack Dorsey Preparing to Step Down

    Twitter CEO Jack Dorsey is preparing to step down, according to reports, raising questions about the social media platform’s future.

    Dorsey currently serves as CEO of Twitter and his second company, Square. He has faced calls to step down from the top spot at Twitter before, with some questioning whether he has the ability to effectively run both companies.

    According to CNBC, sources say Dorsey is expected to step down, although no details have been disclosed. It’s not known when or why he would step down, nor is it known who would replace him.

    Twitter’s stock was up on the news.

  • Twitter’s Jack Dorsey: ‘Hyperinflation Will Change Everything’

    Twitter’s Jack Dorsey: ‘Hyperinflation Will Change Everything’

    Twitter CEO Jack Dorsey is adding his voice to the chorus of ones concerned about inflation, saying hyperinflation will change everything.

    Many financial experts are concerned about the impact the pandemic has had on the economy. In particular, ongoing supply chain disruptions have been driving the cost of common goods to all-new heights. Citigroup’s CEO, Jane Fraser, even went so far as to say this would be a “brutal winter” as a result.

    Dorsey believes the world is seeing hyperinflation, the effects of which will be profound.

  • Jack Dorsey’s TBD Is Building Decentralized Bitcoin Exchange

    Jack Dorsey’s TBD Is Building Decentralized Bitcoin Exchange

    Jack Dorsey is revealing more information about his TBD business and its focus on building a decentralized Bitcoin exchange.

    Dorsey announced in July that his company Square was creating a new business named TBD.

    It’s unclear if TBD is the final name, or merely a placeholder. Either way, Dorsey is finally revealing what TBD’s business will be.

  • Square Buying Afterpay Limited

    Square Buying Afterpay Limited

    Square has announced it is purchasing Afterpay Limited, the Australian firm that made its name in the “buy now, pay later” business.

    Square is one of the leading companies in the payment processing market. Afterpay, allows customers to buy a product, and then pay interest-free over four installments.

    The two companies’ clearly see their services as complimenting one another in their shared purpose to revolutionize the financial market.

    “Square and Afterpay have a shared purpose. We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles,” said Jack Dorsey, Co-Founder and CEO of Square. “Together, we can better connect our Cash App and Seller ecosystems to deliver even more compelling products and services for merchants and consumers, putting the power back in their hands.”

    “Buy now, pay later has been a powerful growth tool for sellers globally,” said Alyssa Henry, Lead of Square’s Seller business. “We are thrilled to not only add this product to our Seller ecosystem, but to do it with a trusted and innovative team.”

    The deal is worth approximately US$29 billion, and is expected to close in the first quarter of 2022.

  • Twitter Beats Q2 Expectations

    Twitter Beats Q2 Expectations

    Twitter posted its Q2 earnings, beating expectations on $1.19 billion in revenue.

    Once the darling of the social media market, Twitter has been surpassed in recent years by newer upstarts. The platform showed it still has room to grow in its latest report, however, posting $1.19 billion in revenue, an increase of 74% year-over-year.

    Advertising revenue came in at $1.05 billion, an 87% increase year-over-year. The company also posted an 11% year-over-year growth of the coveted Monetizable Daily Active Usage (mDAU).

    “As we enter the second half of 2021, we are shipping more, learning faster, and hiring remarkable talent,” said Jack Dorsey, Twitter’s CEO. “For example, our increased shipping cadence contributed to reaching 206 million average monetizable DAU (mDAU) in Q2, up 11% year over year and 3% quarter over quarter. There’s a tremendous opportunity to get the whole world to use Twitter.” 

    “We delivered better-than-expected performance across all major products and geographies while growing our audience,” said Ned Segal, Twitter’s CFO. “We continued to make significant progress on our direct response and brand products with updated ad formats, improved measurement, and better prediction. We are driving more value for advertisers with our strong push into performance-based advertising and expanded offerings for small and medium-sized businesses.”

  • Jack Dorsey’s Square Buys Majority Stake in Jay-Z’s TIDAL

    Jack Dorsey’s Square Buys Majority Stake in Jay-Z’s TIDAL

    Square has bought a majority stake in TIDAL, the music streaming service built and co-owned by artists.

    Square is one of the leading mobile payment companies, making it easy for small businesses to handle sales and transactions. The goal of the deal, valued at $297 million, is to open up new avenues of business, centered around meeting the needs of artists.

    “It comes down to one simple idea: finding new ways for artists to support their work,” said Jack Dorsey, cofounder and CEO of Square. “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew TIDAL was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.”

    “I said from the beginning that TIDAL was about more than just streaming music, and six years later, it has remained a platform that supports artists at every point in their careers,” said Shawn “JAY-Z” Carter. “Artists deserve better tools to assist them in their creative journey. Jack and I have had many discussions about TIDAL’s endless possibilities that have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board. This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!”

    Much like the Seller and Cash App ecosystems, TIDAL will operate independently within Square. In addition to Jay-Z joining Square’s board, all of Tidal’s shareholders will remain co-owners of the streaming service after the deal is closed, likely in the second quarter of 2021.

  • Twitter Hires Famed Hacker ‘Mudge’ to Oversee Security

    Twitter Hires Famed Hacker ‘Mudge’ to Oversee Security

    As it continues to deal with security issues and misinformation, Twitter has hired Peiter Zatko, known as Mudge, as head of security.

    Twitter has dealt with a number of embarrassing security breaches and issues over the last few years. In addition, the platform has struggled to deal with the type of misinformation that has plagued social media platforms.

    To help address these challenges, the company has hired famed hacker Peiter Zatko to fill the new role of head of security. Zatko was one of the leaders of famous hacking group Cult of the Dead Cow. He also worked on some of Google’s special projects and served as a program manager at DARPA.

    According to CNBC, Zatko will report to CEO Jack Dorsey and will examine “information security, site integrity, physical security, platform integrity — which starts to touch on abuse and manipulation of the platform — and engineering.”

    Zatko confirmed the news in a Twitter (appropriately) post:

    While Twitter continues to face significant challenges moving forward, some experts are already praising Zatko’s hiring.

    “I don’t know if anyone can fix Twitter’s security, but he’d be at the top of my list,” said Dan Kaufman, who supervised Zatko at DARPA, via CNBC.

  • Tesla’s Elon Musk Supports Twitter’s Jack Dorsey Amid Ouster Push

    Tesla’s Elon Musk Supports Twitter’s Jack Dorsey Amid Ouster Push

    Twitter’s Jack Dorsey is under fire from Elliot Management as the investor seeks to push him out as CEO.

    Paul Singer, founder of Elliot Management, has managed to acquire a 4% stake in the social media company with the goal of pushing for a CEO change. At the heart of the issue is Dorsey’s time being split between the company he originally co-founded and his new company Square, where he also serves as CEO. There is also concern that Dorsey plans on spending several months living in Africa this year, further raising questions about his ability to focus on his role as Twitter’s head.

    Twitter recently announced its first $1 billion quarter, illustrating the untapped potential the company has. According to Real Money’s Eric Jhonsa, many investors applaud Elliot’s moves, and believe Dorsey and upper management are largely to blame for Twitter being eclipsed by newer rivals.

    At least one high-profile individual is coming to Dorsey’s defense, as Elon Musk has tweeted his support. Like Dorsey, Musk also serves as CEO of two companies, and that perspective likely plays a role in his support.

    Just want say that I support @Jack as Twitter CEO. He has a good ❤️.

    —Elon Musk (@elonmusk) 3/2/20

    It will be interesting to see if Elliot Management succeeds in ousting Dorsey, or if he is able to rally enough support to stay.

  • We Can Look at What We Are Incentivizing, Says Twitter CEO

    We Can Look at What We Are Incentivizing, Says Twitter CEO

    “We can look at what we are incentivizing,” says Twitter CEO Jack Dorsey. “We can look at the very foundational nature of the service and making sure we are not incentivizing behaviors that would take away from health. Those are the questions that we are asking and it will lead to some fundamental shifts in how the service works and how people experience it.”

    Jack Dorsey, Twitter CEO and co-founder, discusses how the platform will change in order to improve conversational health in an interview on Bloomberg Markets and Finance:

    Conversational Health Is Our Top Priority

    Conversational health (is our top priority at Twitter). Incentivizing more healthy contribution to the public conversation. We’ve seen abuse. We’ve seen harassment. We’ve seen people leave our platform because of it. We’ve seen voices being silenced because of what’s happening on the service. That is number one. We can’t build a platform of speech, a platform of conversation, and a service that will remain relevant to people if people don’t feel safe to speak up in the first place. For all those who believe in free expression and for all those who believe in free speech it’s critical that we are not utilizing technologies like Twitter to shut down voices and to silence others.

    A lot of our policies, enforcement, and now more and more so technology, is aimed at addressing this problem. It’s never going to be fully solved. It’s one of those things that you just have to constantly iterate. Perfection is not a goal. We need to give people much better controls over their experience and we need to do more of the work for them. We need to take away the burden of reporting harassment or abuse. We need to utilize technology better to automatically identify it’s happening or where there’s a high probability of it happening so that people don’t necessarily have to see it when they didn’t ask to get into the fray.

    I Think Regulation is a Good Thing

    Generally, I think regulation is a good thing. It’s a net positive. I think our role as a company should be that of an educator, helping regulators and legislatures understand what’s happening with technology. The secular trends that we are seeing and aware of and how the system works. The job of the regulator is to ensure protection of the individual and a level playing field. As long as we are working together on that then it has good outcomes. I haven’t looked at all the specific feedback to Mark (Zuckerburg’s) post.

    I generally think that there are things like GDPR that have been a net positive not just for our platform but also for the industry in general. Specifically, it adds a lot more clarity around privacy and adds a lot more clarity around how data is being used. Typically, with a service like ours our terms of service are a little bit hard to read and a little bit hard to follow and not necessarily the most customer-focused thing. GDPR put a stake in the ground to at least bring out some elements that you have a lot more control over. I think that’s a net positive. If there is more room for that, then yes absolutely.

    We Can Look at What We Are Incentivizing

    There’s not going to be any one party that’s responsible for fixing this. Putting too much of that weight on any one entity, whether it be a corporation, an individual, a government, is just not going to work. We have to think about it a little bit differently. We have to think about it as a desire. Our purpose is to serve the public conversation. Our desire is to incentivize and increase healthy conversation.

    For that, we can look much deeper. We can look at what we are incentivizing. We can look at the very foundational nature of the service and making sure we are not incentivizing behaviors that would take away from health. Today, there are areas where I think we are. Those are the questions that we are asking and it will lead to some fundamental shifts in how the service works and how people experience it.

    Move Away From MAU is Better Aligned With the Value We Provide

    We want to provide utility to people that’s valuable every single day. Our purpose of serving the public conversation, of answering the question what’s happening, that a question that you ask every single day and multiple times a day. We want to be measured internally by the value we bring to someone every single day. We need to make sure that we are not just utilizing that understanding and that goal internally, but also externally people hold us accountable to that as well. The move away from MAU (monthly active users) is better aligned with what we want to do and what we want to be and the value that we want to provide the world.

    I don’t think it is a general movement away from MAU because there are services that are valuable on a monthly basis rather than a daily basis. There are some services that are valuable on a weekly basis rather than a daily or monthly basis. I think any entrepreneur, any leader of a service like ours, needs to look deeply at what they are goaling around and how they are thinking about driving their service and their business. Then make sure there is no dissonance between what we say internally and what we say externally.