Jack Dorsey Launches New Social Media Company Days After Elon Musk Acquired Twitter

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Former Twitter owner, Jack Dorsey launches new social media company days after Elon Musk acquires Twitter for N19.2trn ($44bn).

Barely a week after billionaire businessman Elon Musk acquired Twitter the platform’s founder, Jack Dorsey, has launched a new social media firm.

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

This comes barely a week after billionaire businessman Elon Musk snapped up Twitter in an N19.2trn $44 billion long-drawn deal.

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

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

BlueSky claims that it will enable users to move between a number of social platforms with just one high-quality browser in its app. This will let users control what they see and how much data is provided to social platforms (algorithmic choice).

According to reports, the company could be using web3 to achieve this performance in the network.

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Additionally, BlueSky promises its users that AT Protocol will ensure anonymity for unaccountable cooperations owning a person’s online identity. Accounts, however, can be moved from one provider to another without data or social graph loss.

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

Elon Musk slashes Twitter verification fee to $8

Elon Musk, a few days after purchasing Twitter announced a reduction of the micro-blogging platform fee from $20 per month to $8 per month.

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Musk announces this in a series of tweets on Tuesday, Punch reports.

He lists the benefits of owning a paid verified handle as a priority in replies, mentions, and search, which, according to him, is essential to defeating spam/scams.

Musk also lists the ability to post long videos and audios and paywall bypass for publishers, among others, as part of the benefits.

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