Founder and former CEO of the microblogging website Twitter, Jack Dorsey has launched a new social media platform called ‘Bluesky’.
This came barely a week after Elon Musk, a United States business mogul and Tesla vehicle owner, bought Twitter for $44 billion on April 14, 2022, and completed the deal on October 27, 2022.
Prior to stepping down as CEO and co-founder of Twitter in November, it was believed that Dorsey contributed less than $1 billion to Elon Musk’s 44 billion Twitter purchase, making him one of the largest investors in the new firm, behind Saudi Prince Al Waleed Bin Talal and Qatar’s Investment Authority.
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His decision to reinvest has made him one of Musk’s Twitter’s few stakeholders with ties to prior leadership.
Musk, who took over the company a few days ago, immediately dissolved Twitter’s board of directors, while the most of the company’s C-suite has also been fired or resigned in recent days.
He also recently pledged to charge $8 a month for Twitter business accounts and verified accounts, following a backlash over a $19 plan.
However, Dorsey’s Bluesky, has garnered over 30,000 users in just two days since its announcement.
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Dorsey took to Twitter and wrote; “It will be a competitor to any company trying to own the l underlying fundamentals for social media or the data of the people using it.”
According to reports, Bluesky provides creators with independence from platforms and developers, as well as the freedom to create, allowing users to control their experience by giving them control over their algorithms.
‘Bluesky’ was founded by Twitter in December 2019 to build a social protocol for open and decentralised public conversation.
SOURCE:hellovybes.com
